Quotes with Resistance & Support
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Intraday calls for 03-05-11

Posted on: May 3rd, 2011 at 8:18 am

Markets likely to open flat, support for Nifty is at 5650 and resistance at 5760

Buy Lupin at 431, Target: 438, SL 425

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667 Responses

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  1. Kb Says:
    May 3rd, 2011
    Posted at: 2:23 pm

    Hi thavva, hmm. ..

    Hi CB, tell karthik to add that in nifty chart.


  2. Ary Says:
    May 3rd, 2011
    Posted at: 2:23 pm

    Thanks, for the time being may I hold the 5500PE then


  3. vipul Says:
    May 3rd, 2011
    Posted at: 2:24 pm

    Hi CB, coal India is showing good resistance to downfall..........can it be bought for short term??????


  4. CB Says:
    May 3rd, 2011
    Posted at: 2:24 pm

    Hi CA.Tejas, not yet. lets wait

    Hi MICKY, most welcome.


  5. Gitanjali Says:
    May 3rd, 2011
    Posted at: 2:25 pm

    Hi CB, HI CB, Done! profit!


  6. CB Says:
    May 3rd, 2011
    Posted at: 2:26 pm

    Hi SAGAR, oh ok. sure

    Hi Kb, ok. will do

    Hi Ary, yes. for now hold it. keep trailing sl at 5600

    Hi vipul, yes. enter in small quantity near 365 levels. dont enter at cmp


  7. sunil Says:
    May 3rd, 2011
    Posted at: 2:26 pm

    cb does it make sense to kum out of banking stocks selling at this point of time if i have the view of holding for 2-3months


  8. CB Says:
    May 3rd, 2011
    Posted at: 2:27 pm

    Hi Gitanjali, :)

    Hi sunil, no. continue to hold for short term . 1-2 months. will recover back.


  9. CB Says:
    May 3rd, 2011
    Posted at: 2:27 pm

    ill be back in 30 min..


  10. smworld Says:
    May 3rd, 2011
    Posted at: 2:27 pm

    Hi sunil rao, Your target 1 was 5581 and not 5881.As of now low is 5588. So, target 1 never achieved.


  11. DM Says:
    May 3rd, 2011
    Posted at: 2:28 pm

    HI CB,

    WHERE IS THE MARKET HEADING NOW... WHAT R THE SUPPORT LEVELS...?


  12. Akash Says:
    May 3rd, 2011
    Posted at: 2:29 pm

    Hi CB, I bought 5900 CE at 26 but it is still going down. Shud I continue to hold for target 80-85 in 2-3 days? Shud I avrg around 10 if goes further down?


  13. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 2:29 pm

    Hi smworld, Sorry typo error 5581 ... target 1 cant be 5881 if you short at 5607-15. :)


  14. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 2:32 pm

    Hi smworld, low is 5580.80 Nifty (spot) ... always trade derivatives based on spot price.


  15. Sunil Rao Says:
    May 3rd, 2011
    Posted at: 2:33 pm

    Next Target: 5555 (may even test 5546)


  16. smworld Says:
    May 3rd, 2011
    Posted at: 2:33 pm

    Yes sunil rao. but it went near your target 1. Thanks for the call

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