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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Comment pages: 181920212223242526Show all

  1. Gouri Says:
    May 4th, 2012
    Posted at: 4:26 pm

    Which is the best demat account? high features and less maintanance and brokerage


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

    Hi Shiv, not really sure whats the news here. it does look a bit weak

    Hi Akash, can sure of 4800 yet. can test 5000

    Hi pareshdoshi, as of now its best to wait. can correct by another 3-5%. guj floro can see 410

    Hi rohitc, most welcome.you too have a good weekend

    Hi Ram M, most welcome

    Hi Gouri, ventura is a good one.


  3. uniyal Says:
    May 4th, 2012
    Posted at: 4:30 pm

    Hi CB, whats about Essar Oil, today it was up, i shorted it around 52.50, what to do, give me stoploss.


  4. Madhes Says:
    May 4th, 2012
    Posted at: 4:52 pm

    Interesting Story....Indian Stock Market Driven by FIIs....

    Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for Rs10.
    The villagers seeing that there were many monkeys around, went out to the forest and started catching them.
    The man bought thousands at Rs10 and as supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at Rs20. This renewed the efforts of the villagers and they started catching monkeys again.
    Soon the supply diminished even further and people started going back to their farms. The offer rate increased to Rs25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
    The man now announced that he would buy monkeys at Rs50! However, since he had to go to the city on some business, his assistant would now buy on behalf of him.
    In the absence of the man, the assistant told the villagers. Look at all these monkeys in the big cage that the man has collected. I will sell them to you at Rs35 and when the man returns from the city, you can sell it to him for Rs50.'
    The villagers squeezed up with all their savings and bought all the monkeys.
    Then they never saw the man nor his assistant, only monkeys everywhere!! !


  5. VJ Says:
    May 4th, 2012
    Posted at: 5:02 pm

    hi CB.. i am still holding SBI 2200 CE bought @ 66.... any chance of this SBI call coming even to its cost price before expiry..


  6. CB Says:
    May 4th, 2012
    Posted at: 5:09 pm

    Hi uniyal, its a hold for now. has strong resistance at 55. can test 50

    Hi Madhes, :) nice one.

    Hi VJ, yes, we will need to avg it in a day or 2. likely to see a short covering bounce soon.


  7. SDKBEST Says:
    May 4th, 2012
    Posted at: 5:23 pm

    Hi Madhes,

    This story is related to penny stocks


  8. Gitanjali Says:
    May 4th, 2012
    Posted at: 5:48 pm

    Hi SM, Have you seen CRUDE?? Have you sold yesterday? Wish you had.


  9. Madhes Says:
    May 4th, 2012
    Posted at: 6:00 pm

    Hi CB, IDFC short @ 113.. Technically what is the resistance and support level


  10. Shiv Says:
    May 4th, 2012
    Posted at: 6:03 pm

    Hi CB, irb infra is falling because chaiman is accused for RTI activist murder and will have to take lie detection test.. no wonder its falling like crazy


  11. Gitanjali Says:
    May 4th, 2012
    Posted at: 6:05 pm

    Hi CB, Sorry for writing about Commodities here..


  12. Ham Says:
    May 4th, 2012
    Posted at: 6:07 pm

    Hi CB, GE CB
    Got busy with work and just came online and was surprised to see nifty at 5080...
    Wow, just wow......... Expected nifty at 5000 level by end of this month but this market is too hurry to dump.... Anyways its absolutely good news for me as am holding huge quantity of 5300 PE...
    If $ holds above 54 level on monday, then will acquire my target of 5000 or even as low as 4900 levels..... What do u say ?


  13. Ham Says:
    May 4th, 2012
    Posted at: 6:09 pm

    Hi Gitanjali, GE
    Felt very happy by seeing ur previous day's post. So kind of u and thank u very much for ur kind and encouraging messages… I really do appreciate ur caring nature…..
    Keep it up in this selfish world and thank u once again Gitanjali !
    Wish u all the best forever in your life………!!!


  14. Gitanjali Says:
    May 4th, 2012
    Posted at: 6:22 pm

    Hi ARCHANA, To add an image to your profile--Click on change your image , button below 'your name ..you will be taken to the Gravatar page follow up from there.,it is easy.


  15. Ham Says:
    May 4th, 2012
    Posted at: 6:24 pm

    Fitch CEO: US Downgrade Not Likely Before Election

    http://www.cnbc.com/id/47292214


    Will Greek Elections Inflame the Debt Crisis?

    http://www.cnbc.com/id/47278119


    Greece Must Renegotiate Bailout: Expert

    http://www.cnbc.com/id/47291138


    RBS Loss Deepens; Talk Grows About Government Sale

    http://www.cnbc.com/id/47290391


    Setback for Sarkozy as Bayrou Backs Rival

    http://www.cnbc.com/id/47290502


    Vinod Khosla, 8 other Indian Americans in Forbes' best tech investors list

    http://economictimes.indiatimes.com/news/nri/nris-in-news/vinod-khosla-8-other-indian-americans-in-forbes-best-tech-investors-list/articleshow/12993179.cms


  16. CB Says:
    May 4th, 2012
    Posted at: 6:32 pm

    Hi Madhes, yes, does look weak. can see 109

    Hi Shiv, yes, just read it..

    Hi Gitanjali, no issues.

    Hi Ham, nice to hear that. yes, did give a negative breakout.. below 5070 could fall further

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