Intraday calls for 06-05-13
Markets likely to open higher, resistance for Nifty at 5980
Sell Tata motors on rise around 288, target: 282, SL 292 – (SL triggered in Tata motors)
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CB Says:
May 6th, 2013
Posted at: 5:02 pm
Hi Rajesh, most welcome
Hi Sandip, can add some of dlf for now. dont enter other 2 yet
Hi PK, looking at global queues, seems like a flattish opening
Hi Raju, yes. can go short on it at cmp
CB Says:
May 6th, 2013
Posted at: 5:03 pm
Hi RC, it is a strong bet fundamentally. would advice to hold onto it for long term.
PK Says:
May 6th, 2013
Posted at: 5:08 pm
Hi CB, Thanks sir,
Hoping to get a chance to get exit...
RC Says:
May 6th, 2013
Posted at: 5:11 pm
Thanks a lot Sir..Now, I will continue holding it for long term now..
Raju Says:
May 6th, 2013
Posted at: 5:12 pm
Hi CB, What should be the Downside for BankNifty for Tommorow?
CB Says:
May 6th, 2013
Posted at: 5:43 pm
Hi PK, most welcome. yes, lets see how US markets close tonight
Hi RC, most welcome.
Hi Raju, in coming days can test 12000. tomorrow can correct by 80-100 points.
sidquanto Says:
May 6th, 2013
Posted at: 6:10 pm
Markets Quantified
NIFTY 06-May-2013
Current Market Situation :
NIFTY current close : 5971
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : positive
NIFTY dominant cycle period : 14 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5996
NIFTY intraday resistance 2 : 6025
NIFTY intraday resistance 3 : 6067
NIFTY intraday support 1 : 5946
NIFTY intraday support 2 : 5917
NIFTY intraday support 3 : 5876
Markets Quantified
AR Says:
May 6th, 2013
Posted at: 6:20 pm
Hi CB, holding nifty puts. what to do?
AR Says:
May 6th, 2013
Posted at: 6:22 pm
Hi CB, i have strong feeling of 5800 lvl in this profit booking. please share your thoughts. Thanks
Raj Says:
May 6th, 2013
Posted at: 6:53 pm
Hi CB, Good Evening.
CB Says:
May 6th, 2013
Posted at: 6:55 pm
Hi sidquanto, thanks
Hi AR, these are a hold for now. sl near 6000-6020. strong resistance here. on the downside below 5920 can test 5870
CB Says:
May 6th, 2013
Posted at: 6:55 pm
Hi Raj, Good evening.
Vishal Says:
May 6th, 2013
Posted at: 7:18 pm
Hi CB, Hi CB, Sir. Hold RCOM and Sun. RCOM clsoed at 12.75 but 112.5 CE was jst at 8.2. Also, Sun Pharma closed in deep red for my CE. CLosed at 18.8 while it hit 30 also today :( Hold them? Also, FRL closed above 151. Can we see 160+ tomorrow?
WELL PLAN Says:
May 6th, 2013
Posted at: 8:41 pm
Nifty accelerated its positive momentum for the third consecutive week to end near its weekly breakout level of 5975. On weekly chart Nifty has formed a strong bull candle closing near its high and also formed a higher high – low formation. This indicates sustained strength and positive momentum is likely to continue in the coming weeks.
If Nifty manages to cross 5975 level it can move in the range of 6050-6150 level. However any dip is likely to take support at 50% retracement around 5800 level.
cerulean Says:
May 6th, 2013
Posted at: 8:49 pm
Hi CB, GE .There is a BTST call in zinc here. May I have your feed back plz?
Kartik Says:
May 6th, 2013
Posted at: 9:08 pm
Hi cerulean, Good evening, shall ask CB to reply
Hi Vishal, hold Rcom with a SL at 110 (cash) and Sun Pharmaceuticals with a SL at 975 (cash) for a couple of days, they can manage to add some more gains ahead if markets continue to trade strong