Quotes with Resistance & Support
Market Information

Intraday calls for 07-05-10

Posted on: May 7th, 2010 at 8:22 am

Markets likely to see a gap down opening. Support for nifty is at 5025.

If markets show recovery later during the day, buy: Varun Shipping Company Ltd above 48 & Tata steel above 560

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747 Responses

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  1. CB Says:
    May 9th, 2010
    Posted at: 11:06 pm

    Hi suzane, there was bailout news yesterday. hopefully should see some respite for now.. lets see how asian markets open tomorrow. nifty has good support near 4950


  2. Shads Says:
    May 9th, 2010
    Posted at: 11:26 pm

    Hi CB,

    Whats tomorrow's target for Sesagoa and RIL?

    By the expiry, where do you think NIFTY would close?


  3. CB Says:
    May 10th, 2010
    Posted at: 12:00 am

    Hi suzane, thats short term. hold it for med/long term. will see 150+

    Hi Shads, not sure of nifty yet. has good support at 4950. could find some support there. sesa and ril may open flat tomorrow.


  4. Shads Says:
    May 10th, 2010
    Posted at: 12:19 am

    Hi CB,

    one last question pls. Would you advise one to do arbitrage trading? Do you think one can make easy money by doing so?


  5. CB Says:
    May 10th, 2010
    Posted at: 12:25 am

    Hi Shads, yes, but not sure of any brokerage house which allows this type of trading.. Good night..


  6. Anurag Says:
    May 10th, 2010
    Posted at: 12:31 am

    HI CB... I heard that now Bank Nifty is also available in MINI format.. any idea?


  7. hari Says:
    May 10th, 2010
    Posted at: 6:02 am

    Hi CB,
    I heard that if a stock hits triple top it will rise well. Similarly if a stock hits triple bottom what may be the case. Will it decrease steeply? Can u tell me whether i can enter varun shipping at cmp? Thanks


  8. ARUP Says:
    May 10th, 2010
    Posted at: 7:38 am

    good morning all.


  9. CB Says:
    May 10th, 2010
    Posted at: 7:50 am

    Hi Anurag, no, not sure of it yet

    Hi hari, yes, it a stock breaks the tripe bottom support then it will see good downside. but if holds on the level then can see a good upmove

    Hi ARUP, Good morning.


  10. pankaj Says:
    May 10th, 2010
    Posted at: 7:51 am

    hi kartik / cb, gm. what do u think nifty has made its low for the time being n gonna move up now for short term?? thanx.


  11. CB Says:
    May 10th, 2010
    Posted at: 7:58 am

    Hi pankaj, Good morning. yes, seems some upmove is likely in near term


  12. jame Says:
    May 10th, 2010
    Posted at: 8:18 am

    GM CB,
    waiting for the intraday call.


  13. rashid Says:
    May 10th, 2010
    Posted at: 8:20 am

    if nifty opens 20-30 points up,,still can i take nifty fut


  14. LEO Says:
    May 10th, 2010
    Posted at: 8:20 am

    Hi Cb / Kartik.............

    Good Morning .................

    Any good news for RELINFRA ...............and Anil's Stocks


  15. CB Says:
    May 10th, 2010
    Posted at: 8:24 am

    Hi jame, Good morning. just posted them

    Hi rashid, its likely to open 70-80 points higher.

    Hi LEO, Good morning. they may remain a bit flat today.

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