Quotes with Resistance & Support
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Intraday calls for 05-05-10

Posted on: May 5th, 2010 at 8:23 am

Markets likely to see a gap down opening. Nifty has support near 5030 and resistance at 5160

If markets show recovery later during the day, buy: Nagarjuna Construction above 182 and Shree Renuka sugars above 56

2.56pm – btst – buy Religare enterprises at 422, target: 434. Stoploss: 411 (trade in small quantity)

3.24pm – Book profits in Shree Renuka sugars at 58.40

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711 Responses

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  1. NITIN Says:
    May 5th, 2010
    Posted at: 10:34 am

    CBJI

    CAN I PURCHASE M&M FOR INTRADAY?


  2. CB Says:
    May 5th, 2010
    Posted at: 10:35 am

    Hi rashid, 5050

    Hi RAJESH, would advice to book loss in it and enter shree renuka for med term. it can bounce back to 100-110 levels. will help recover losses soon


  3. sridhar Says:
    May 5th, 2010
    Posted at: 10:35 am

    thank u very much


  4. Raja Says:
    May 5th, 2010
    Posted at: 10:35 am

    Hi CB, HPCL, VIP long term bets or exit now? thanks Raja


  5. CB Says:
    May 5th, 2010
    Posted at: 10:35 am

    Hi Mukherjee, go with 5100

    Hi NITIN, in small quantity

    Hi kumar, in small quantity


  6. Sunitha Says:
    May 5th, 2010
    Posted at: 10:36 am

    Hi
    Can i buy Shree Renuka Sugars @ CMP and hold for this week?will it rise?


  7. RK Says:
    May 5th, 2010
    Posted at: 10:36 am

    Hi CB,
    Can i short Nifty now ? I can hold it till expiry


  8. rk Says:
    May 5th, 2010
    Posted at: 10:37 am

    Hi CB,

    I have RCOM 500 @165.25 and Essaroil 400 @ 140.5. Pls let me know what to do.


  9. pankaj Says:
    May 5th, 2010
    Posted at: 10:37 am

    holdin 5300, 5200 n 5100 calls, pls advice wht to do? exit or hold?? m a trader. thanx.


  10. CB Says:
    May 5th, 2010
    Posted at: 10:37 am

    Hi Raja, exit from hpcl on rise for now. vip is a hold

    Hi Sunitha, yes. enter it in small quantity

    Hi RK, no, dont go short yet


  11. CB Says:
    May 5th, 2010
    Posted at: 10:38 am

    Hi rk, they are a hold for now. can see some bounce in coming week


  12. rk Says:
    May 5th, 2010
    Posted at: 10:39 am

    CB,

    Where do you want me to wait till


  13. Raja Says:
    May 5th, 2010
    Posted at: 10:39 am

    grt. thanks CB.


  14. kumar Says:
    May 5th, 2010
    Posted at: 10:39 am

    thanks CB, is it same TGT?


  15. CB Says:
    May 5th, 2010
    Posted at: 10:39 am

    Hi pankaj, for now they are a hold. can see some bounce

    Hi shiva, yes, fundamentally looks ok

    Hi rk, around 170 and145

    Hi Raja, most welcome.


  16. RAJESH Says:
    May 5th, 2010
    Posted at: 10:40 am

    hi
    CB
    thkks for co opration mene apke kahe anusar texmopip sell kar diya or renuka me 56.10 me buying dal di he ?

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