Quotes with Resistance & Support
Market Information

Intraday calls for 06-05-11

Posted on: May 6th, 2011 at 8:22 am

Markets likely to open flat, support for Nifty is at 5380-5400

Buy Patni computer on dips

3.08pm – buy hdil in small quantity at 142.20, target: 148. Stoploss: 138.50 (1-2 days hold)

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513 Responses

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  1. CB Says:
    May 7th, 2011
    Posted at: 9:36 pm

    Hi Kb, Good evening..

    Hi deepak, as of now can head upto 5620. selling pressure is likely to resume on rise

    Hi Sanjoy, technically it looks strong. would advice to hold onto it for short term. will recover back.


  2. gayaram Says:
    May 7th, 2011
    Posted at: 10:44 pm

    Hi CB, I joined in Ventura today. I have lot of problems in SBI demat and decided to close that a/c. Is it wiser to close half of the holdings as nifty has chances to go down drastically. Goodnight.


  3. CB Says:
    May 7th, 2011
    Posted at: 11:38 pm

    Hi gayaram, ventura has a much better trading platform compared to Ventura.. yes, on rise exit 50% of holding for now. nifty does look weak


  4. Gitanjali Says:
    May 8th, 2011
    Posted at: 1:09 am

    Hi CB, Is zeroda a good trading portal..pl?
    Thanks a lot.


  5. CB Says:
    May 8th, 2011
    Posted at: 1:23 am

    Hi Gitanjali, no, not really sure about it.


  6. arun bj Says:
    May 8th, 2011
    Posted at: 6:44 am

    cb i bharti bought at 353 and booked at 366 . . I want to enter again . . What is the strong support i guess . Support at 345 to 348 . Can i enter monday this level . Or can wait and see for this next support enter 325 to 330 level . . . .


  7. thavva Says:
    May 8th, 2011
    Posted at: 8:10 am

    Hi CB, Good morning.

    Shall i Invest in Nila Infra @ CMP and add more on further dip? or wait for more dip?


  8. cvrprakash Says:
    May 8th, 2011
    Posted at: 10:16 am

    Hi CB,

    Considering the Market condition.... @ what range I can consider entering Infosys and TCS.
    If not now that ok... But @ what range I can start accumulate them?
    Please advice.


  9. ranjan Says:
    May 8th, 2011
    Posted at: 10:49 am

    BE ALERT BEARS CLEARLY HAVE THE UPPERHAND DEAR INVESTERS CLOSE YR ALL LONG POSITIONS ON ANY RISE. NIFTY CLOSE BELOW 5450 CAN TRIGGER A MASSIVE FALL UP TO 4700 ODD LEVELS. HI CB IS IT POSSIBLE? please suggest


  10. ganesh Says:
    May 8th, 2011
    Posted at: 11:35 am

    hai cb! is there any specific website that updates all the q4 results?


  11. Avinash Says:
    May 8th, 2011
    Posted at: 12:58 pm

    Good Afternoon CB & Everyone.... :)

    Have to bother you again with respect to buy back offers from Reliance infra & Amrutanjan here...
    Pls educate me on the procedure here...ex: If i buy 100 shares Rel infra tomorrow, what shud i do to qualify for the offer & whats the percentage of shares i can sell off?


  12. Kartik Says:
    May 8th, 2011
    Posted at: 1:02 pm

    Hi arun bj, looks weak below 360, next support at 340, enter if it manages to sustain 340 for a few days

    Hi thavva, it can be entered at CMP for Long term

    Hi cvrprakash, TCS can be entered above 1160 (strong resistance), dont enter Infoys yet

    Hi ganesh, you can get it on bseindia.com

    Hi ranjan, not likely, we are likely to see some consolidation ahead


  13. Kartik Says:
    May 8th, 2011
    Posted at: 1:03 pm

    Hi Avinash, GM, you dont get any shares, its the company who purchase them from the Market


  14. Avinash Says:
    May 8th, 2011
    Posted at: 1:20 pm

    thanks for the info Karthik,

    Right, let me re-phrase it then...if i have 100 shares of say rel Infra....do i qualify for Rel infra to buy them from me?
    If so what are the parameters?


  15. harsh Says:
    May 8th, 2011
    Posted at: 1:59 pm

    hi Kartik: I have Lupin at 430 as suggested by CB few days back...wat to do with it now?


  16. CB Says:
    May 8th, 2011
    Posted at: 2:03 pm

    Hi Avinash, if they have come up with an buy back offer then they will buy it back from you. you will receive a form from the company by mail which you will need to fill and send it back to them. its kind of an acknowledgment that you want the companies to buy back your shares. also contact your broker for the form.

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