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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. CB Says:
    May 5th, 2010
    Posted at: 8:44 am

    Hi manmin, its good news for IT stocks

    Hi nitin, they can come down by 5% if markets continue to remain weak. nifty will enter the oversold territory today. some bounce is expected soon

    Hi Vishal Sood, yes, book profits at opening. dont go long yet.


  2. CB Says:
    May 5th, 2010
    Posted at: 8:45 am

    Hi Shipra, can add 2-3rs.


  3. Chandrika Says:
    May 5th, 2010
    Posted at: 8:45 am

    HI CB
    Good Morning
    What is the support level for litl ?


  4. nitin Says:
    May 5th, 2010
    Posted at: 8:45 am

    cb pls do reply me


  5. uday Says:
    May 5th, 2010
    Posted at: 8:46 am

    cb...........can we buy sugar stocks or buy some calls of them for the current series?


  6. CB Says:
    May 5th, 2010
    Posted at: 8:46 am

    Hi Shads, not yet. shall inform you

    Hi Chandrika, around 60

    Hi nitin, i replied above.. "they can come down by 5% if markets continue to remain weak. nifty will enter the oversold territory today. some bounce is expected soon"


  7. baranips Says:
    May 5th, 2010
    Posted at: 8:47 am

    1 ESCORTS Buy 181.00 184.00 175.00 Intraday
    2 ESSAROIL (May Fut)Sell 140.00 135.00 145.00 Intraday
    3 IOB (May Fut) Sell 91.00 89.00 93.00 Intraday
    4 PANTALOONR Sell 424.00 411.00 433.00 Intraday
    5 WIPRO (May Fut) Sell 667.00 655.00 674.00 Intraday
    good mornings sir,
    which one can i go sir CB,sir


  8. Ram M Says:
    May 5th, 2010
    Posted at: 8:48 am

    Hi CB... Very GM

    LIC housing may future for intrady. SL & Target sir


  9. ARUN BJ Says:
    May 5th, 2010
    Posted at: 8:48 am

    cb good morning... what yaeter day i bought abb at 728 ... what level can i average ..


  10. ask Says:
    May 5th, 2010
    Posted at: 8:48 am

    Hi CB, Good Morning.
    What's your view on Fortis Healthcare?I Bought at 164.
    Its hold as of now or exit?

    Please advise.


  11. CB Says:
    May 5th, 2010
    Posted at: 8:49 am

    Hi uday, enter sugar stocks in small quantity for now.

    Hi baranips, go with wipro on dips

    Hi Ram M, Good morning. one can enter around 935-940 with sl at 920

    Hi ARUN BJ, has some support at 710. if holds on then can see some bounce.

    Hi ask, Good morning. its a hold. can see 180


  12. ask Says:
    May 5th, 2010
    Posted at: 8:50 am

    Thanks CB.


  13. jaris Says:
    May 5th, 2010
    Posted at: 8:50 am

    i m holding 580 ce of tata steel


  14. Thomas Says:
    May 5th, 2010
    Posted at: 8:51 am

    CB, can we buy RIl in the morning dip


  15. CB Says:
    May 5th, 2010
    Posted at: 8:51 am

    Hi ask, most welcome

    Hi jaris, ok. hold it. keep sl at 560


  16. jame Says:
    May 5th, 2010
    Posted at: 8:51 am

    any good stock to short today?what about zylog and dlf

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