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Intraday calls for 07-05-10

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

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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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aman Says:
May 7th, 2010
Posted at: 11:09 pm
hi cb i am having andhrabank 140 call .will it be able to show me that figure in next week.......pls help
aman Says:
May 7th, 2010
Posted at: 11:11 pm
kartik u help me pls in andhra bank
Shads Says:
May 7th, 2010
Posted at: 11:14 pm
Will NIFTY open in negative on Monday?
Is it time to enter Educomp, Tata Motors @ CMP?
Kartik Says:
May 7th, 2010
Posted at: 11:21 pm
Hi aman, yes, Markets are likely to see some upmove next week, hold it
Hi Shads, we might open flat on Monday, dont enter Educomp and Tata motors yet, wait for the Markets to settle
Shipra Says:
May 7th, 2010
Posted at: 11:57 pm
Hi Cb/kartik…what about religare…? :(
will it reach its target on monday?..
Shads Says:
May 8th, 2010
Posted at: 12:02 am
Thanks Kartik, will the upmove of RIL start from Monday?
Ravi Says:
May 8th, 2010
Posted at: 12:23 am
Hi CB,Kartik Seeing the US conditions it seems there would be 30-40 pts gap down opening.Is it so
CB Says:
May 8th, 2010
Posted at: 12:27 am
Hi Shipra, yes, should do well. has strong support around 410
Hi Shads, if global markets remain good, it can see 1120 in short term
Shipra Says:
May 8th, 2010
Posted at: 12:32 am
Hi Cb...one more question..i have adlabs at 416...i am under 18000 loss :(
i had bought it at 416...what shld i do...? i have been waiting from months hoping that it will rise.will it rise to this level in 2 3 months?
CB Says:
May 8th, 2010
Posted at: 12:32 am
Hi Shads, yes, its possible
Hi Shipra, yes, not really sure whats wrong with it. fundamentally its sound. will need to wait for 2-3 months more for it to show some recovery.
CB Says:
May 8th, 2010
Posted at: 12:37 am
Hi Shads, they being market movers. for now lets wait till nifty cross a resistance level
svk Says:
May 8th, 2010
Posted at: 12:39 am
hai cb i have tube [email protected] weld@203 and tata motor@820 when will it see buy price
Shads Says:
May 8th, 2010
Posted at: 12:41 am
Hi CB,
Thanks CB for your help. Good night and have a good weekend.
CB Says:
May 8th, 2010
Posted at: 12:42 am
Hi svk, hold them for short term. they will give good returns once markets recover a bit
Hi Shads, most welcome.. Good night..
Shipra Says:
May 8th, 2010
Posted at: 12:43 am
ok..Cb...thanks a lot for ur help and support...will follow ur advice only..
good nite..and have a nice weekend..:)
CB Says:
May 8th, 2010
Posted at: 12:59 am
Hi Shipra, most welcome.. Happy weekend..