Quotes with Resistance & Support
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Intraday calls for 06-05-09

Posted on: May 6th, 2009 at 9:23 am

Buy Reliance Power at 135.50, target: 140. Stoploss: 133
Buy Bharat Electronics above 1000, target: 1030. Stoploss: 990 (Please buy only above 1000)

If markets show weakness later during the day, short sell: Reliance Industries.

Please trade in small quantity as markets are likley to be volatile.

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314 Responses

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  1. Anjali Says:
    May 6th, 2009
    Posted at: 12:57 pm

    CB can i buy Mercator Lines for short term.....suggest


  2. mitva Says:
    May 6th, 2009
    Posted at: 12:59 pm

    what about powergrid now


  3. ashok Says:
    May 6th, 2009
    Posted at: 1:01 pm

    MOSTLY EUROPIAN MARKET OPEN NEGATIVE


  4. TARUN Says:
    May 6th, 2009
    Posted at: 1:02 pm

    hi CB, wat abt opto circuit, its at 128, shall i sell or wait, wat abt its target ?i have @ 110


  5. Raj Says:
    May 6th, 2009
    Posted at: 1:04 pm

    Hi CB, Pls suggest me on these stocks
    Triveni, Hindalco & Gmrinfra
    can i enter now for a short term?


  6. Rajesh Says:
    May 6th, 2009
    Posted at: 1:08 pm

    Pl tell me today's trading range for Grasim ?


  7. A.U Says:
    May 6th, 2009
    Posted at: 1:09 pm

    Hi CB, should we buy TCS at Current Market Price....... its going down and down. why... plz give me target for intraday.


  8. CB Says:
    May 6th, 2009
    Posted at: 1:21 pm

    Hi Anjali, buy it if it trades above 40.50 for some time

    Hi mitva, its a buy above 103.. not cmp

    Hi ashok, yes..they have turned positive nw

    Hi TARUN, hold for some more time..book profits tomorrow..

    Hi Raj, they are not buys at cmp..buy them on dips

    Hi Rajesh, it can touch 1850.

    Hi A.U, no..don't buy it yet..wait for some mroe time..IT stocks are witnessing profit booking,.


  9. Akash Says:
    May 6th, 2009
    Posted at: 1:25 pm

    Hi CB. I sold my Geodesic. It is now close to UC. Should I buy again for the target 125 by tomorrow. Or any other good stock you may suggest for at least 10% gain in BTST or intraday?


  10. ashok Says:
    May 6th, 2009
    Posted at: 1:25 pm

    CB WHAT DO IN SIEMENS HOLD OR EXIT FOR INTRADAY


  11. CB Says:
    May 6th, 2009
    Posted at: 1:26 pm

    Hi Akash, you won't be able to buy it now since its in UC..for BTST buy Siemens..Given a good breakout above 340

    Hi ashok, hold it


  12. manoj Says:
    May 6th, 2009
    Posted at: 1:28 pm

    hi cb shall we book profit in reliance power?


  13. CB Says:
    May 6th, 2009
    Posted at: 1:29 pm

    Hi manoj, yes.. book around 141-142


  14. Akash Says:
    May 6th, 2009
    Posted at: 1:30 pm

    Thanks CB. Geodesic is not into UC now and I can still buy but if you suggest Siemens, then I'll buy the same. What should be the target for tomorrow?


  15. dd Says:
    May 6th, 2009
    Posted at: 1:32 pm

    What is the next resistance level ?,it seems to reach 3730 as you mentioned.


  16. CB Says:
    May 6th, 2009
    Posted at: 1:33 pm

    Hi Akash, Geodesic has some resistance at 115.. buy above this level..Siemens if headed for a close above 340 buy it by end of day..it can touch 360

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