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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  1. Kartik Says:
    May 5th, 2010
    Posted at: 8:51 pm

    Hi Pradeep, m, doing fine, hope you too doing good, not sure, but I guess Forex trading is allowed with the permission from RBI

    Hi Shads, around 695


  2. Kartik Says:
    May 5th, 2010
    Posted at: 8:52 pm

    Hi Sri, it can see 158-160 tomorrow


  3. Sri Says:
    May 5th, 2010
    Posted at: 8:54 pm

    Thanks kartik

    Which stock can i buy tom, REI agro or Gujarat NRE Coke. Please advice the buy levels


  4. LEO Says:
    May 5th, 2010
    Posted at: 8:57 pm

    Hi kartik,

    Most of the stocks ... Which am holding... ex. HDIL , RELINFRA, SUZLON,etc..

    have created a new High in the month of May,2009 .... Whether we can expect these in this year ....


  5. Sri Says:
    May 5th, 2010
    Posted at: 8:59 pm

    HI Kartik

    When can one enter HDIL, RELCAP & JindalSouth West Holdings.


  6. Akash Says:
    May 5th, 2010
    Posted at: 9:01 pm

    Hi Kartik, Can I switch to Kemrock Ind or anyting better once we sell IndiaBulls above 160. I hope it will surely cross 160 tomorrow. What is the max price we can expect tomorrow? 165?


  7. Jv Says:
    May 5th, 2010
    Posted at: 9:02 pm

    Hi Kartik, i bought Tatasteel 50share at 566Rs.what is the shortterm tgt for this scrip.i hold balaji teleflims 100share at 53.5Rs.pls give me both scrip tgt for one week.


  8. kawal Says:
    May 5th, 2010
    Posted at: 9:03 pm

    sir do u have any kind of paid services or just free fr everyone


  9. Sri Says:
    May 5th, 2010
    Posted at: 9:09 pm

    Somebody please help as to where i should add my mobile number for SMS Alerts.


  10. indian Says:
    May 5th, 2010
    Posted at: 9:24 pm

    Good Evening Kartik,
    Thank you very much for your suggestions, i'm holding Nifty CE 5200 and Sesagoa CA 440.what targets do u suggest for tmrow? and please support & resistance for both.


  11. Shads Says:
    May 5th, 2010
    Posted at: 9:31 pm

    Hi indian,

    Whats the lot size of sesa goa?


  12. Dhiraj Says:
    May 5th, 2010
    Posted at: 9:35 pm

    Dear Kartik, what is your view about TECH MAHINDRA... It will go further down or it is right time to enter it for short term... pls suggest


  13. Kartik Says:
    May 5th, 2010
    Posted at: 9:54 pm

    Hi Sri, you may enter Gujarat NRE Coke Ltd around 65 levels for Mid term investment, it can do well, currently mobile updates are not available, we shall be adding that soon

    Hi LEO, it depends on other factors too, such a World wide economy growth, Government conditions, they can add 10-15% in this month

    Hi Akash, dont enter Kemrock Industries & Exports Ltd yet, wait for a dip in it, enter it around 550 levels

    Hi Jv, Tata steel can see 600 in the short run, balaji tele can see 55, if markets see some recovery in the coming days

    Hi indian, as of now hold them with a SL at 5080 on Nifty, they can add 10-15% tomorrow

    Hi Shads, its 500

    Hi Dhiraj, dont enter TECH MAHINDRA yet, it seems to be a downtrend, wait for some time


  14. Akash Says:
    May 5th, 2010
    Posted at: 9:54 pm

    Hi Kartik / CB, can we buy SESA GOA in intraday tomorrow for target 440. Or anything else which can be bought. ARSS INFRA?


  15. $$Ansh$$ Says:
    May 5th, 2010
    Posted at: 9:59 pm

    Hi Kartik, sir'' im very much enoyed with such market,.. the market which opens gap down with around 80pts. .. close flat,..means ,..what can a trader can do in such unexpected market,... the share which go 20% ,,next day it goes 20% down,.means what to do in such market,.. i heard some where,.. somebody sad that 2010 year market is for gamblers not for traders.


  16. Shads Says:
    May 5th, 2010
    Posted at: 10:11 pm

    Kartik,

    Sesagoa rallied a bit today from its low of 368 to close at 404. Do you think it will fall again in the coming session to touch 360 level or should I average it around 400 level tomorrow??

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