Quotes with Resistance & Support
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Intraday calls for 04-05-12

Posted on: May 4th, 2012 at 8:27 am

Markets likely to open lower. Support for nifty is at 5160.

Sell JSW Steel below 675, target: 662. Stoploss: 684 – (Book profit in JSW steel at 663)

If markets show recovery later during the day, buy: Essel Propack

12.59pm- buy 5100 pe at 102.50, target: 125. Stoploss: 5140 (spot)

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476 Responses

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  1. sanzy Says:
    May 4th, 2012
    Posted at: 3:28 pm

    can TCS see levels above 1300 next wk


  2. CB Says:
    May 4th, 2012
    Posted at: 3:28 pm

    Hi G, you are always welcome. .

    Hi sanzy, yes, its possible if mrkts improve a bit.


  3. NEW2NIFTY Says:
    May 4th, 2012
    Posted at: 3:29 pm

    CB sir, is this right time to add SBI in portfolio?
    Please advise


  4. CB Says:
    May 4th, 2012
    Posted at: 3:29 pm

    Hi NEW2NIFTY, lets wait for another day or 2. its likely nifty corrects further.


  5. NEW2NIFTY Says:
    May 4th, 2012
    Posted at: 3:31 pm

    Thanks CB sir


  6. raja Says:
    May 4th, 2012
    Posted at: 3:32 pm

    Thank u CB sir, As per ur suggestion, I Hold CENTURY TEXTILES till 305 - 304 levels , I exited 10.50 levels in the afternoon, Thank u for your advice. Still I am holding ICICI 820 PE by your advice, thank u


  7. CB Says:
    May 4th, 2012
    Posted at: 3:33 pm

    Hi NEW2NIFTY, most welcome

    Hi Ram M, yes, we will need to avg it in a day or 2. can expect a short covering bounce

    Hi raja, most welcome. icici can test 820


  8. Pradeep Says:
    May 4th, 2012
    Posted at: 3:44 pm

    Hi CB, Hi CB, holding tata motors future short for target of 294. today tata motors turned positive at the end. can we see 294 on monday?


  9. rohitc Says:
    May 4th, 2012
    Posted at: 3:47 pm

    Hey CB, can we expect nifty to slip below 5k this series coz this time nifty has broken support after a long time..Finally toofan aa hi gaya :(
    On Sunday result of French president election is also coming, dont know how much this is going to effect the European market and subsequently Indian market..


  10. CB Says:
    May 4th, 2012
    Posted at: 3:54 pm

    Hi Ram M, lets wait for a day or 2 to see how nifty reacts from here. shall add 1 more lot

    Hi Pradeep, its a hold. can test 290-292 in a day or 2

    Hi rohitc, yes. its likely since nifty has closed below 5130 after long. lets see.


  11. CB Says:
    May 4th, 2012
    Posted at: 3:54 pm

    Hi Akash, yes. hold it.


  12. Shiv Says:
    May 4th, 2012
    Posted at: 3:55 pm

    CB can IRB be bot if it reaches arnd 100 its fallen abt 70 rs already


  13. pareshdoshi Says:
    May 4th, 2012
    Posted at: 4:01 pm

    hi cb,suggest @ which level ,we can enter in hdil,ivrcl,litl,jp infra ?


  14. rohitc Says:
    May 4th, 2012
    Posted at: 4:07 pm

    Thanks CB..Have a great weekend..


  15. pareshdoshi Says:
    May 4th, 2012
    Posted at: 4:10 pm

    hi cb, guj fluoro can test 410?


  16. Ram M Says:
    May 4th, 2012
    Posted at: 4:23 pm

    Ok, thanks CB sir....

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