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: 363738394041424344Show all

  1. jitendra64 Says:
    May 5th, 2010
    Posted at: 3:37 pm

    sir, i brought 2 lot 5400 call @ 13.75at last moment will nifty bounce and up to what lavel


  2. raj Says:
    May 5th, 2010
    Posted at: 3:38 pm

    cb i am long in nifty @ 5130, pls suggest


  3. Ram M Says:
    May 5th, 2010
    Posted at: 3:38 pm

    Hi CB...Glenmark Pharmaceuticals for medium term, how is it? poss target sir


  4. dinesh Says:
    May 5th, 2010
    Posted at: 3:39 pm

    thanx sir


  5. Kb Says:
    May 5th, 2010
    Posted at: 3:40 pm

    EU tries to calm market fears over debt crisis

    " spring forecasts, the EU executive said economy will grow by 0.9 percent in 2010, up somewhat from a November forecast of 0.7 percent, despite the crisis.

    Growth in the euro region will be dragged down, however, by the shrinking economies of Spain, Greece and Ireland.

    The full 27 nation European Union economy is expected to grow at a faster clip of 1 percent.

    Official data released Wednesday also showed retail sales in the eurozone were flat in March, disappointing market expectations for a small increase., suggesting the region's recovery will be slow at best ......

    from yahoo. .


  6. Rohit Says:
    May 5th, 2010
    Posted at: 3:41 pm

    Great day and recoery.


  7. Jv Says:
    May 5th, 2010
    Posted at: 3:41 pm

    Hai CB,i had bought Tatasteel Today at the rate of 563rs,50shares..what is the tgt for short term..


  8. sureshkk83 Says:
    May 5th, 2010
    Posted at: 3:46 pm

    what abt panoramic.............tomorrow status ??????????????


  9. CB Says:
    May 5th, 2010
    Posted at: 3:53 pm

    Hi Ramesh, not sure of 50 points but likely to open slightly higher

    Hi Ravi, as of now seems will remain flat. we will need to avg the put on rise.

    Hi jitendra64, can add 20-25% hold it

    Hi raj, ok. hold it. can see 5170

    Hi Ram M, a close above 295 can take it higher to 330

    Hi dinesh, most welcome

    Hi Kb, thanks

    Hi Rohit, yes. very volatile today

    Hi Jv, can see 590

    Hi sureshkk83, it may remain flat tomorrow.


  10. Kb Says:
    May 5th, 2010
    Posted at: 3:54 pm

    Bye Cb.. have a nice evening .. :)


  11. Abhinav Says:
    May 5th, 2010
    Posted at: 3:59 pm

    Sir, Why do you think Jayprakash Associate has fallen today.Is it fundamentally or technically weak.Can i buy it for short term to average.I have already bought it @158


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

    Thanks CB, But has the negativeness in the market gone?


  13. BAPU Says:
    May 5th, 2010
    Posted at: 4:31 pm

    i bought NIIT TECH 190@65 in 03.05.2010 . today the dividend declared as 7 per share
    may i eligible to get the dividend ?


  14. Kartik Says:
    May 5th, 2010
    Posted at: 5:29 pm

    Hi Kb, same to you

    Hi Abhinav, it seems strong fundamentally, but looks weak below 128 Technically, its likely to give a bounce from current levels, dont add more yet, hold it for Short temr

    Hi sureshkk83, it faced some resistance at 240, and again managed to slip from it, it might consolidate at current levels for some time

    Hi Ravi, depends on Global Markets, any positive news trigger can turn the markets positive

    Hi BAPU, yes, you shall get the dividend


  15. svk Says:
    May 5th, 2010
    Posted at: 5:34 pm

    hi karthik i have ador weld@203 cmp188 and tube invest@98 wats the tomorrow target.
    And wats your view on icsa for one month target


  16. Anurag Says:
    May 5th, 2010
    Posted at: 5:40 pm

    Hi Karthik... Europe is Red and if Dow will be Red then we may see NIFTY in Red tomorrow?

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