Quotes with Resistance & Support
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Intraday calls for 03-04-12

Posted on: April 3rd, 2012 at 8:25 am

Markets likely to open a bit higher. Support for nifty is at 5300 and resistance at 5380

Buy Dr Reddys Laboratories at 1740, target: 1755-1760. Stoploss: 1722 – (opened at target)

10.09am – Book profit in LT at 1355

10.42am – Buy Divis lab at 770, target: 785. Stoploss: 758 (1-2 day hold) – (Continue to hold Divis lab.)

For a technical view on Ashok Leyland, Dr.Reddy’s and Exide industries, Click here:

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394 Responses

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  1. mukul Says:
    April 3rd, 2012
    Posted at: 8:17 pm

    Hi Sir,

    Do you expect Nifty to go back to 5100 levels before RBI meeting on April 17 or will the market head for higher to 5600 odd levels in case it starts readjusting to rate cuts before itself as markets nature?What's your take sir?

    Thanks,
    Mukul


  2. Kumar Says:
    April 3rd, 2012
    Posted at: 8:47 pm

    Hi CB/Kartik, Can i buy (ASHOK LEYLAND, GMR, ONGC, IFCI, UNITECH) for 10-15% in 1/2 month?


  3. Pradeep Says:
    April 3rd, 2012
    Posted at: 8:53 pm

    Hi CB, Dear, what's your view on TCS. holding future short at 1180. thank you


  4. Shiv Says:
    April 3rd, 2012
    Posted at: 8:58 pm

    CB pls suggest on how does HDIL look whr can it reach week can it touch 95+ holding some @ 87


  5. ashu Says:
    April 3rd, 2012
    Posted at: 8:59 pm

    hi guys, buy nifty in morning 5499 if breaks 5478 (previous high)


  6. sheeja Says:
    April 3rd, 2012
    Posted at: 9:02 pm

    Hi CB, how celestial labs/Vikash metal/pradip overseas looks? can i buy any one this for short term? pls give me the target and SL...


  7. Kartik Says:
    April 3rd, 2012
    Posted at: 9:59 pm

    Hi Rise, hold Honda Siel Power for short term, avoid entering NALCO yet, it looks weak

    Hi DJ, can see around 141 tomorrow

    Hi RAVS, it seems may open lower tomorrow, hold the PE with a SL at 5360 on Nifty

    Hi Kb Trader, GE

    Hi mukul, cant be certain yet as has been quite volatile lately, shall have to wait to see how things turn out

    Hi Kumar, Markets have been quite volatile lately, would be better to wait for 1-2 weeks before making a move in them

    Hi sheeja, Small caps looks weak overall, dont enter them yet

    Hi Pradeep, hold it with a SL at 1200,. faces strong support at 1155, if broken can see 1130


  8. Azad Says:
    April 3rd, 2012
    Posted at: 10:05 pm

    Hi Kartik,


    I have IVRCL at 69.....Should I hole or Exit?


  9. SAGAR |sagarblog.com | Says:
    April 3rd, 2012
    Posted at: 10:20 pm

    Hi Kartik, I hold Tatasteel Fut @ closing price 479 ; what todo ? wat will be tomorrow ?


  10. RAVI Says:
    April 3rd, 2012
    Posted at: 10:23 pm

    hi kartik, your view on litl


  11. DJ Says:
    April 3rd, 2012
    Posted at: 10:24 pm

    Thx a lot kartik


  12. Naran Says:
    April 3rd, 2012
    Posted at: 10:26 pm

    HI KARTIK, WILL SEE SOME CONSOLIDATION TOMORROW ???? IF IT HAPPEN WHICH WILL BE THE SUPPORT LEVEL FOR NIFTY ???


  13. Aman Says:
    April 3rd, 2012
    Posted at: 10:28 pm

    Hi Kartik, CB..
    what abt JHS in short term..


  14. Rise Says:
    April 3rd, 2012
    Posted at: 10:28 pm

    then sir what target shud i expct for honda seil in shrt term ???


  15. SM Says:
    April 3rd, 2012
    Posted at: 10:52 pm

    Hi DJ, GE. I guess, Kartik replied. Can keep a trailing SL of 137 in Fut, though :)


  16. SM Says:
    April 3rd, 2012
    Posted at: 10:54 pm

    Hi DJ, I guess, you remember, as tomorrow is the last trading day of the week, so profit booking can come anytime

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