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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. SANJAY Says:
    May 5th, 2010
    Posted at: 12:05 pm

    hi cb GOOD AFTERNOON

    What will be the target of SUZLON for few days ?


  2. dipak Says:
    May 5th, 2010
    Posted at: 12:06 pm

    kartik, u mean 566 for tata steel?


  3. Lata Says:
    May 5th, 2010
    Posted at: 12:07 pm

    hi kartik, do you see tomm or for 1-2 days the mkt downfall to be continued or it is now recovering.........as per the clues of the us mkts.... please guide..thanks ya.


  4. Kb Says:
    May 5th, 2010
    Posted at: 12:07 pm

    Hi Kartik, tatasteel finished down fall ??

    i remember cb gave sell call around 680 ....


  5. Kartik Says:
    May 5th, 2010
    Posted at: 12:09 pm

    Hi dipak, it can see around 82.50

    Hi SANJAY, it can see 72 in the coming days

    Hi dipak, yes, sorry typo

    Hi Lata, we might see some consolidation at current levels for some time

    Hi Kb, seems good as of now


  6. sr Says:
    May 5th, 2010
    Posted at: 12:10 pm

    Kartik, LnT shorted @ 1530. SL?


  7. kawal Says:
    May 5th, 2010
    Posted at: 12:10 pm

    sir what can i do in cairn


  8. abhijith Says:
    May 5th, 2010
    Posted at: 12:11 pm

    Hiii Karthik. I bouht kemrock 50shares at 682. pls suggest can it see 675-680 today


  9. Kartik Says:
    May 5th, 2010
    Posted at: 12:12 pm

    Hi sr, keep a Sl at 5120 on Nifty

    Hi kawal, hold it for some more time


  10. Kartik Says:
    May 5th, 2010
    Posted at: 12:13 pm

    Hi abhijith, not sure of it for Intraday


  11. sr Says:
    May 5th, 2010
    Posted at: 12:13 pm

    OK, thanks Kartik.

    Also many thanks for Ashok Leyland Call. :-)


  12. kumar Says:
    May 5th, 2010
    Posted at: 12:13 pm

    wat is the tgt for sesagoa?for intraday...


  13. Krishna Says:
    May 5th, 2010
    Posted at: 12:14 pm

    Market has recovered a lot but Renuka sugars is not moving ....


  14. dd Says:
    May 5th, 2010
    Posted at: 12:15 pm

    Hi Kartik, If we close below 5100 is it good to enter in a put?


  15. ganesh Says:
    May 5th, 2010
    Posted at: 12:15 pm

    Hi Karthik,

    Can I buy lic housing finance at 943 for intraday.


  16. Kartik Says:
    May 5th, 2010
    Posted at: 12:15 pm

    Hi sr, most welcome

    Hi kumar, around 388

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