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. cvrprakash Says:
    May 5th, 2011
    Posted at: 3:27 pm

    Hi Kartik,

    Any Bank stock u suggest to accumulate ???


  2. Kartik Says:
    May 5th, 2011
    Posted at: 3:29 pm

    Hi cvrprakash, wait for some time for Markets to settle

    Hi Vivek Shah, can see 2900-50 if Markets recover


  3. Vivek Shah Says:
    May 5th, 2011
    Posted at: 3:29 pm

    actually this is pattern in market, market always slide in the month of May when we have odd year, in even year in may it rise...


  4. Sunil Rao Says:
    May 5th, 2011
    Posted at: 3:29 pm

    Nifty very close to Target-1 @ 5443, book part profit, hold the rest for target2 of 5417, with trailing sl @ 5477.


  5. suzane Says:
    May 5th, 2011
    Posted at: 3:32 pm

    what to do with shriram transpopt finance co. Bought today 550 @ 658 with huge loss ??


  6. CA.Tejas Says:
    May 5th, 2011
    Posted at: 3:33 pm

    I have bought Prestige Estate projects @ 147 n cmp is 138 what to do....


  7. GODSE Says:
    May 5th, 2011
    Posted at: 3:34 pm

    Hi Sunil Rao, congrats sunil again tgt hit


  8. Sunil Rao Says:
    May 5th, 2011
    Posted at: 3:36 pm

    Hi Kartik, GA.

    Nifty has very strong support @ 5400 level. We should see a bounce from that level. However, if Nifty gives a weekly close below 5350 ... we could head towards 4800 levels.


  9. Vivek Shah Says:
    May 5th, 2011
    Posted at: 3:36 pm

    Hi suzane, get out, it can slip below 600 upto 550


  10. thavva Says:
    May 5th, 2011
    Posted at: 3:36 pm

    Hi Sunil Rao, Thanks for posting accurate calls and targets :)...

    you sense any upmove in nifty next week. can it reach 5700 level?


  11. Sunil Rao Says:
    May 5th, 2011
    Posted at: 3:37 pm

    Hi GODSE, Thanks.


  12. Sunil Rao Says:
    May 5th, 2011
    Posted at: 3:38 pm

    Hi thavva, If Nifty holds onto 5400 levels, we could see a bounce upto 5600-5650 levels


  13. Mohan Says:
    May 5th, 2011
    Posted at: 3:48 pm

    GOD save the Indian market!


  14. dilip Says:
    May 5th, 2011
    Posted at: 3:51 pm

    Hi Kartik,

    I am holding CENTRAL, AXIS, IDBI and SOUTH INDIAN banks...
    Shall I buy @ CMP ? I am planning for 1-2 year's investment purposes....

    Thanks for your advice...

    Dilip


  15. CB Says:
    May 5th, 2011
    Posted at: 4:15 pm

    Hi suzane, not really sure what triggered such downside in the stock today. below 650 does look weak. would advice to exit from it on any rise for now

    Hi CA.Tejas, its a hold for short term. technically does look good

    Hi Sunil Rao, Good evening. .yes, back to strong support levels as of now. should see some bounce

    Hi dilip, continue to hold onto these stocks. dont add more of these yet. wait for some time


  16. richa Says:
    May 5th, 2011
    Posted at: 4:17 pm

    Hi CB & Sunil Rao....why do u think we are going down? inflation was always der and if anything RBI increased rates to tame inflation only,so it shud be seen as a positive move...Where do u think nifty will find a bottom? in wat time frame do u think we wud start trading above 5800 again?

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