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Intraday calls for 05-05-10

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

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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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madhu Says:
May 5th, 2010
Posted at: 12:46 pm
Hi Kartik, target for renuka?
anil Says:
May 5th, 2010
Posted at: 12:46 pm
hi kartik could u advise for nifty short sell if possible give me the next target price.
Rohit Says:
May 5th, 2010
Posted at: 12:46 pm
Hi CB,
Do you think it is the right time to go long on Nifty as we almost touched 5050 today?
Thanks
jame Says:
May 5th, 2010
Posted at: 12:47 pm
How has Europe market open and what impact would it have ?
Kartik Says:
May 5th, 2010
Posted at: 12:48 pm
Hi Gitanjali, hold JP as of now, its seems good
Hi jame, its now 9 points down
madhu Says:
May 5th, 2010
Posted at: 12:48 pm
Europe flat oprning... how abt nifty closing?
kavita Says:
May 5th, 2010
Posted at: 12:48 pm
HI KARTIK,
if european market opens in red can suzlon touch 68.
Kartik Says:
May 5th, 2010
Posted at: 12:49 pm
Hi madhu, around 58.50
Hi anil, dont go short yet, wait for some time
Hi Rohit, wait for some more time
jame Says:
May 5th, 2010
Posted at: 12:49 pm
SO if it continues to go down then we can also see Nifty goind down?
Rohit Says:
May 5th, 2010
Posted at: 12:50 pm
Hi Kartik,
Do you think it is the right time to go long on Nifty as we almost touched 5050 today?
Thanks
dak Says:
May 5th, 2010
Posted at: 12:50 pm
Hi DS / KB - what is the "big fall in late may / early june" that you talked about? what are the reasons for anticipating this?
Gitanjali Says:
May 5th, 2010
Posted at: 12:50 pm
Hi Kartik, OK , ..It was bad luck/a wrong choice .. I was not keen ... I was more interested in suzlon ..that trade did not happen this one did ... Thanks again
zaheer Says:
May 5th, 2010
Posted at: 12:50 pm
what happend to tatasteel it will come down r not
Kartik Says:
May 5th, 2010
Posted at: 12:51 pm
Hi jame, yes
Hi Rohit, wait for some more time
Kartik Says:
May 5th, 2010
Posted at: 12:51 pm
I'll be back in some time
jame Says:
May 5th, 2010
Posted at: 12:51 pm
Any site to track european market