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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Comment pages: 192021222324252627Show all

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

    Can I book profits in Ashok @ 61.5+ today
    n re-enter later? It might roll down a bit with nifty now.


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

    Hi Krishna, it shall do well in the coming 2-3 days time, hold it

    Hi ganesh, dont enter it yet

    Hi dd, yes


  3. Kartik Says:
    May 5th, 2010
    Posted at: 12:17 pm

    Hi sr, yes, you may do so


  4. kumar Says:
    May 5th, 2010
    Posted at: 12:17 pm

    thanks kartik


  5. ganesh Says:
    May 5th, 2010
    Posted at: 12:18 pm

    Karthik Thanks


  6. nitin Says:
    May 5th, 2010
    Posted at: 12:18 pm

    hi kartik... bought gujarat alkali @ 120... short term... shall i stay invested or exit


  7. Kartik Says:
    May 5th, 2010
    Posted at: 12:20 pm

    Hi nitin, stay invested in it, its a good bet

    Hi ganesh, most welcome


  8. sr Says:
    May 5th, 2010
    Posted at: 12:20 pm

    OOPS!! seems missed the opportunity, its rolling down :-(


  9. Ankur Says:
    May 5th, 2010
    Posted at: 12:20 pm

    I'm still waiting for my rely.


  10. nitin Says:
    May 5th, 2010
    Posted at: 12:21 pm

    kartik can you give target for gujarat alkali 2 months fom now


  11. kawal Says:
    May 5th, 2010
    Posted at: 12:21 pm

    i didnt sell hyd ind yesterday, so what can i do now


  12. Kartik Says:
    May 5th, 2010
    Posted at: 12:21 pm

    Hi Krishna, yes, sorry for the typo


  13. Krishna Says:
    May 5th, 2010
    Posted at: 12:22 pm

    what would be the probable target you see for Renuka?


  14. Kartik Says:
    May 5th, 2010
    Posted at: 12:22 pm

    Hi Ankur, dont enter anything yet, it would be better to wait for a positive trigger from Global Markets


  15. Kartik Says:
    May 5th, 2010
    Posted at: 12:23 pm

    Hi Krishna, it can see 62 in the coming days


  16. Krishna Says:
    May 5th, 2010
    Posted at: 12:23 pm

    can I buy options of tatasteel 580ca....

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