Quotes with Resistance & Support
Market Information

Intraday calls for 06-05-16

Posted on: May 6th, 2016 at 8:28 am

Markets likely to open lower. Support for Nifty is at 7700 and resistance at 7820. Bank Nifty has support at 16200 and resistance at 16500.

Buy Multi Commodity Exchange near 910, target: 925. Stoploss: 898 – (Avoid MCX  due to gap down opening)

9.24am – Buy Larsen and Tubro at 1267, target: 1290. Stoploss: 1250 – Continue to hold for BTST.

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141 Responses

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  1. CB Says:
    May 6th, 2016
    Posted at: 8:50 am

    Hi Blind, bharti if holds onto 355 after opening, can see a 5-6rs bounce. infratel may remain flat/ weak


  2. subin Says:
    May 6th, 2016
    Posted at: 8:51 am

    Hi CB GM your view on itc


  3. Shani Says:
    May 6th, 2016
    Posted at: 8:51 am

    HI CB, Is there any chance that Banknifty will touch to 16800 levels? Should I hold or exit for now? Also update on ICICIbank FUT pl.


  4. AJ Says:
    May 6th, 2016
    Posted at: 8:52 am

    Short FIN CABLES @ cmp?


  5. Sandeep Saha Says:
    May 6th, 2016
    Posted at: 8:55 am

    What abour BHEL, VEDANTA & SBI today interday call?


  6. prema Says:
    May 6th, 2016
    Posted at: 8:55 am

    Good Morning CB,

    Holding 5 lots of 7750 PE @ 140 , please suggest.Can i hold for some more time or exit.


  7. CB Says:
    May 6th, 2016
    Posted at: 8:55 am

    Hi subin, Good morning. it is going a bit weak below 322. above this can test 328-330.

    Hi AJ, not yet. is near good support levels.

    Hi Shani, its a hold for now. with US jobs data today, could see a good move on either sides. hedge with a pe. icici is going weak avoid for now


  8. ANI Says:
    May 6th, 2016
    Posted at: 8:55 am

    hi cb sir good morning

    pls give me today target for UPL?


  9. CB Says:
    May 6th, 2016
    Posted at: 8:56 am

    Hi ken, oh ok. lets see how it opens in pre-market thanks for the heads up

    Hi ANI, Good morning. can test 600-603.

    Hi prema, Good morning. yes, its a hold for now. below 7700 can fall further


  10. CB Says:
    May 6th, 2016
    Posted at: 8:57 am

    Hi Sandeep Saha, seems may open a bit lower with markets. no call on these yet


  11. Prashant Mishra Says:
    May 6th, 2016
    Posted at: 8:57 am

    Hi CB

    Do you think I should enter now and buy 7600 put nifty ?


  12. Rahul Nagar Says:
    May 6th, 2016
    Posted at: 8:58 am

    Sir icici target today ?


  13. Pravin Says:
    May 6th, 2016
    Posted at: 9:00 am

    Hi CB sir,

    LPDC target today?
    Also, Nila infra still on hold?


  14. AJ Says:
    May 6th, 2016
    Posted at: 9:01 am

    When do you MFSL moving higher?


  15. TAPAN Says:
    May 6th, 2016
    Posted at: 9:03 am

    CB SIR, REC MEDIUM TERM & LONG TERM TARGET PRICE


  16. Prasant Says:
    May 6th, 2016
    Posted at: 9:05 am

    Hi CB,
    How is Tata Steel looking, can go down little?

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