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. Kartik Says:
    May 5th, 2011
    Posted at: 3:04 pm

    sorry guys, just came back

    Hi Vivek Shah, we have been reacting to domestic as well as Global ques lately, along with selling seen from FII's, next support is at 5450

    Hi Pradeep, would be safe to book profits

    Hi CA.Tejas, if you are looking for 1-2 years, they can be accumulated at CMP


  2. CA.Tejas Says:
    May 5th, 2011
    Posted at: 3:06 pm

    Hi Kartik, If for short term??? can be accumulated at cmp....


  3. Kartik Says:
    May 5th, 2011
    Posted at: 3:06 pm

    Hi CA.Tejas, wait for Markets to settle if for 1-2 months


  4. Shiv Says:
    May 5th, 2011
    Posted at: 3:06 pm

    hi Kartik can v even come close to 5800 levels in this series.. huge loss otherwise.. in calls..


  5. CA.Tejas Says:
    May 5th, 2011
    Posted at: 3:07 pm

    Hi Kartik, Thanks


  6. sekhar Says:
    May 5th, 2011
    Posted at: 3:08 pm

    hi "KARTIK" , badly struck in " ABG SHIP" fut , in heavy loss , what to do pls advise


  7. Kartik Says:
    May 5th, 2011
    Posted at: 3:08 pm

    Hi Vivek Shah, due to the continuous negative news, most of major supports have been broken, today we reacted to the 2G scam news

    Hi Shiv, could see around 5550


  8. Kartik Says:
    May 5th, 2011
    Posted at: 3:08 pm

    Hi sekhar, hold it, avg it at lower levels once Markets settles


  9. dak Says:
    May 5th, 2011
    Posted at: 3:10 pm

    Kartik, how strong is 5450 ? Can we see more downside from here or will it settle now ?


  10. sekhar Says:
    May 5th, 2011
    Posted at: 3:11 pm

    hi "KARTIK" , more down side expected in the markets or any recovery will be possible in a week


  11. Kartik Says:
    May 5th, 2011
    Posted at: 3:11 pm

    Hi dak, likely to settle, since we seem to have reacted most of the negative news


  12. Kartik Says:
    May 5th, 2011
    Posted at: 3:11 pm

    Hi sekhar, could see a technically bounce ahead


  13. Vivek Shah Says:
    May 5th, 2011
    Posted at: 3:11 pm

    Hi dak, Sensex may dip to 16k as one of the brokerage told, and that seems to be possible , all eyes on Andhe Baba....


  14. Vivek Shah Says:
    May 5th, 2011
    Posted at: 3:13 pm

    Hi Kartik, can i rebought Tisco sold in morning ?? in marginal profit at last...


  15. Deepak7791 Says:
    May 5th, 2011
    Posted at: 3:13 pm

    Hi Kartik

    I understand that FII selling is intense. But it is only in India where as World markets have not fallen to our extend. We are down continously for more than 6 sessions. Do you see a short covering rally in the coming weeks that could take us back to 5600 levels on Nifty?


  16. Ani Says:
    May 5th, 2011
    Posted at: 3:13 pm

    Hi Kartik,

    Holding DCB @ 62/ since 3-4days. Now stock in 59/ what to do. Any chance
    of recovery? How would it perform 2mrw?

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