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Intraday calls for 05-05-14

Posted on: May 5th, 2014 at 8:21 am

Markets likely to open flat. Support for nifty is at 6650 and resistance at 6810

Buy Aurobindo Pharma at 601.20, target: 615. Stoploss: 593 – (Can continue to hold Aurobindo for BTST. looks good technically)

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410 Responses

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  1. K K Says:
    May 5th, 2014
    Posted at: 1:06 pm

    Hi Robotguy, I just came online. Like to get some updates from you guys.


    My view

    IT & Pharma would do well before elections.

    As after the elections, if BJP forms the Government, BJP is very serious and make some quick steps to strengthen the Rupee, which will narrow down the earnings of IT companies. From them onwards, IT companies may trade flat for some time. -- It's my view.

    Exit polls will be out on 12-May or 13-May. This will give a gap-up or gap-down opening on the next day morning in the markets. We may get more clarity about the date and time for exit polls by the end of the week.

    Analysts suggest to book profits on every 50 point move on Nifty on either side. This strategy would help the traders to protect their profits.

    Good Luck Guys.


  2. CB Says:
    May 5th, 2014
    Posted at: 1:07 pm

    Hi Ravi Kiran, yes.


  3. Robotguy Says:
    May 5th, 2014
    Posted at: 1:07 pm

    BUY BATA INDIA at 1001 stop loss 998...


  4. DS Says:
    May 5th, 2014
    Posted at: 1:07 pm

    Hi CB,

    The short on JB Foods still a hold right?


  5. CB Says:
    May 5th, 2014
    Posted at: 1:08 pm

    Hi DS, yes.


  6. Robotguy Says:
    May 5th, 2014
    Posted at: 1:08 pm

    Hi K K, Yes but only I prefer FMCG and Pharma instead of IT and Pharma


  7. K K Says:
    May 5th, 2014
    Posted at: 1:10 pm

    Hi CB, Afternoon sir.


  8. CB Says:
    May 5th, 2014
    Posted at: 1:11 pm

    Hi K K, Good afternoon.


  9. jessi Says:
    May 5th, 2014
    Posted at: 1:11 pm

    cb sir.can i buy now auropharma for average


  10. ankush Says:
    May 5th, 2014
    Posted at: 1:12 pm

    CB Sir...cn auro be btst if not hit intrday


  11. CB Says:
    May 5th, 2014
    Posted at: 1:12 pm

    Hi jessi, no, not yet

    Hi ankush, yes.


  12. Amit Says:
    May 5th, 2014
    Posted at: 1:13 pm

    Thanks CB. Actually i am stuck in 410 CE at the price of 32. Unable to understand whether to hold or exit??


  13. CB Says:
    May 5th, 2014
    Posted at: 1:14 pm

    Hi Amit, ok. yes, its a hold for now. dont add more.


  14. CB Says:
    May 5th, 2014
    Posted at: 1:15 pm

    Hi jessi, yes, likely to


  15. jessi Says:
    May 5th, 2014
    Posted at: 1:16 pm

    ok sir i bought it @ 607.still i wait


  16. CB Says:
    May 5th, 2014
    Posted at: 1:18 pm

    Hi rahul, we may have to avg it in coming days. hold for now. dont add more

    Hi jessi, its a hold.

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