Quotes with Resistance & Support
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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. Ranga Says:
    May 6th, 2016
    Posted at: 10:58 am

    is still LT hold, I mean market may not recover much for today??


  2. CB Says:
    May 6th, 2016
    Posted at: 11:00 am

    Hi Nilesh Wagle, seems may continue to remain a bit weak today

    Hi Rajasekar, these are a hold for now.

    Hi Prasant, it has resistance at 335 levels. dont enter yet

    Hi RAJAS, not really sure of its future yet. best to track spot pivot levels

    Hi SaiPalanivel, its a hold. looks good


  3. CB Says:
    May 6th, 2016
    Posted at: 11:00 am

    Hi Ranga, its a hold. does look strong


  4. Ranga Says:
    May 6th, 2016
    Posted at: 11:01 am

    ok thank you


  5. CB Says:
    May 6th, 2016
    Posted at: 11:02 am

    Hi Ranga, most welcome


  6. Deepak7791 Says:
    May 6th, 2016
    Posted at: 11:04 am

    Dear CB

    Bharat Forge looks to be showing some strength today. Is that ture ? and within May series will itcross 840 levels?


  7. CB Says:
    May 6th, 2016
    Posted at: 11:06 am

    Hi Deepak7791, yes, can test 792 today it seems. 840 in may seems a bit unlikely. may have to roll over.


  8. dak Says:
    May 6th, 2016
    Posted at: 11:09 am

    Hi cb, holding sbi @194 and bhel @130. Please suggest what to do


  9. akhil Says:
    May 6th, 2016
    Posted at: 11:10 am

    Hi when can we buy hcl tech?It took support at 725 for last 3 days.


  10. SaiPalanivel Says:
    May 6th, 2016
    Posted at: 11:10 am

    CB SIR,LT 1280 CE BUY PRICE 32 CMP 25.50 SIR


  11. CB Says:
    May 6th, 2016
    Posted at: 11:11 am

    Hi akhil, it is looking weak. best to avoid for now

    Hi dak, these are a hold for few days. are good bets. will recover.


  12. CB Says:
    May 6th, 2016
    Posted at: 11:11 am

    Hi SaiPalanivel, ok. its a hold. will recover.


  13. ASHOKBHAI Says:
    May 6th, 2016
    Posted at: 11:11 am

    Hi RAJAS, Calculate yourself.
    PIVOT = Previous day's high + previous day's low + previous day's closing
    ---------------------------------------------------------------------------
    3


  14. SaiPalanivel Says:
    May 6th, 2016
    Posted at: 11:13 am

    VERY THANKS CB SIR,


  15. CB Says:
    May 6th, 2016
    Posted at: 11:14 am

    Hi SaiPalanivel, most welcome.


  16. CB Says:
    May 6th, 2016
    Posted at: 11:14 am

    ill be back in 1 hour

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