Quotes with Resistance & Support
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Intraday calls for 05-05-11

Posted on: May 5th, 2011 at 8:27 am

Markets likely to open flat, Support for Nifty at 5490

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455 Responses

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  1. Pradeep Says:
    May 5th, 2011
    Posted at: 8:31 am

    hi CB / Kartik / Sunil

    do you see a bounce today to 5600+ levels?


  2. Kartik Says:
    May 5th, 2011
    Posted at: 8:32 am

    Hi Pradeep, GM, some resistance at 5580, a small bounce is expected today, overall we look weak


  3. vikas Says:
    May 5th, 2011
    Posted at: 8:32 am

    Hi CB/ Kartik,

    Can I enter into Reliance Ind at current level as a fresh investment?


  4. Kartik Says:
    May 5th, 2011
    Posted at: 8:33 am

    Hi vikas, enter it above 960 (strong resistance)


  5. Giggsy Says:
    May 5th, 2011
    Posted at: 8:34 am

    Morning kartik, Any view on Timken? How does it look for the day? I have 80 @ 219


  6. SS Says:
    May 5th, 2011
    Posted at: 8:35 am

    Hi Kartik,

    Good Morning, Your bet on PNB/BHEL for today ?


  7. vikas Says:
    May 5th, 2011
    Posted at: 8:37 am

    Thanks Kartik,

    Tuesday mkt fall because of RBI policy and some analyst are saying mkt in a down trend as crude oil price are not coming down. whats your view about mkt for next 2-3 weeks.


  8. Kartik Says:
    May 5th, 2011
    Posted at: 8:37 am

    Hi SS, PNB can see 1135, BHEL 2035-40

    Hi Giggsy, Midcaps might take some time to recover, Largecaps move first with the Markets, hold it for a few more days

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