Quotes with Resistance & Support
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Intraday calls for 04-06-12

Posted on: June 4th, 2012 at 8:29 am

Markets likely to open a bit lower. Strong support for nifty is in the 4750-4800 zone.

If markets show recovery later during the day, buy: Coal India.

9.20am – Buy Aurobindo Pharma at 106, target: 110. Stploss: 103. Trade in small quantity

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416 Responses

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  1. CA.Tejas Says:
    June 4th, 2012
    Posted at: 7:16 pm

    Hi CB, I have Hero Motor Corp @ 1836, GNFC @ 78.80, DLF @ 188, Dewan Housing @ 177... What tgt I can expect??


  2. wajeed Says:
    June 4th, 2012
    Posted at: 7:26 pm

    hi cb im in huge loss i buy 4600 puts today and still holding should i hold continue or exit pls suggest thanks


  3. Aman Says:
    June 4th, 2012
    Posted at: 7:36 pm

    HI CB..
    Has Tata Motors created piercing pattern today.? Pls suggest tomorrow's strategy..


  4. sunny Says:
    June 4th, 2012
    Posted at: 7:37 pm

    hi cb. I shorted 10 lots usd inr at 55.64 , at forexpros the current rate shown is 54.90. that means i am in 7000 profit right now. so what should be my strategy when it opens tomorrow ? keep a trailing stoploss or book profits


  5. ashok Says:
    June 4th, 2012
    Posted at: 8:20 pm

    hi cb,
    Tomorrow shall i enter natco pharma @ opening?


  6. Pradeep Says:
    June 4th, 2012
    Posted at: 8:36 pm

    Hi CB, Dear, what could coal india see on upside? i have it's future @326 from 3 sessions. where do you see it tomorrow and what should be the SL now, just in case :)
    thanks


  7. Ram Says:
    June 4th, 2012
    Posted at: 8:55 pm

    Hi CB, Can you advice on SBI


  8. Kartik Says:
    June 4th, 2012
    Posted at: 8:57 pm

    Hi piya, can see around 110, hold it

    Hi ani, for now it seems they can add another 1-2% tomorrow, hold them with a SL at 4830 on Nifty

    Hi ramsingh, it can continue to add some more gains if Markets continue to see some recovery ahead

    Hi nithin2009, no, avoid adding more for now

    Hi Aman, not likely, seems a short covering rally, a short can be initiated on some more rise

    Hi ashok, no, below 370 it looks weak

    Hi Pradeep, seems to face resistance around 322, hold it for 2-3 days with a SL at 316


  9. Kartik Says:
    June 4th, 2012
    Posted at: 8:58 pm

    Hi CA.Tejas, for now it seems they can add another 1-2% tomorrow, hold them with a SL at 4830 on Nifty

    Hi wajeed, hold them with a SL at 4870

    Hi Ram, faces resistance at 2100, avoid fresh entries in it at CMP

    Hi sunny, would be safe to book for now


  10. SaiPalanivel Says:
    June 4th, 2012
    Posted at: 9:33 pm

    HI KARTIK SIR, GE. US MARKETS TRADING IN FLAT. WHATS YOUR VIEW?


  11. SM Says:
    June 4th, 2012
    Posted at: 9:44 pm

    Hi Kartik, Good evening :)
    Hi care, Good evening and you are most welcome... glad you liked the album. I traded only Banknifty today. Unfortunately, was not able to predict the upmove in it from lower levels. My SL was triggered while going short, hence booked loss. All part of the game :)


  12. airbites Says:
    June 4th, 2012
    Posted at: 10:17 pm

    Hi Kartik,

    Nifty Touched a low of 4770 today -- Is it a new low OR it have tested this b4 ? (Talking abt the last month).


  13. Kartik Says:
    June 4th, 2012
    Posted at: 10:25 pm

    Hi SaiPalanivel, Yes, seems we too might trade flat

    Hi SM, GE :)

    Hi airbites, this was the lowest since Feb' 12 months, the last low was 4788


  14. SS Says:
    June 4th, 2012
    Posted at: 10:29 pm

    Hi Kartik,
    GE, how simens going to trade tomorrow ?


  15. abraham Says:
    June 4th, 2012
    Posted at: 10:34 pm

    do we expect a -ve opening tomorrow?. dow is in -ve. does we see 4600 level on nifty in may?


  16. abraham Says:
    June 4th, 2012
    Posted at: 10:35 pm

    sorry in june month?

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