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Intraday calls for 07-05-12

Posted on: May 7th, 2012 at 8:24 am

Markets likely to open gap down. Resistance for nifty is at 5120

Sell Cairn India below 330, target: 324. Stoploss: 334

9.15am- Book profit in 5100 pe at 152

10.47am – Buy Hindalco at 113.35, target: 117. Stoploss: 110. Trade in small quantity – (Book profit in Hindalco at 116)

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406 Responses

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  1. santosh Says:
    May 7th, 2012
    Posted at: 8:39 am

    hey cb i think market can any time break 5120 level in this weak


  2. CB Says:
    May 7th, 2012
    Posted at: 8:39 am

    Hi ttsathya, can short gspl. looks weak

    Hi sona, Good morning. with rupee falling, IT stocks can see an upmove. hold it for now. sl near 2400-2410

    Hi santosh, can test 4980


  3. CB Says:
    May 7th, 2012
    Posted at: 8:40 am

    Hi santosh, not really sure.. depends on the news flow too.


  4. Akash Says:
    May 7th, 2012
    Posted at: 8:40 am

    Hi CB, GM. Shud I continue to hold 5000 PE for next 1 week (at least this week). Will it see 200+ by the end of this week and 250-275 in 7-8 trading days.


  5. CB Says:
    May 7th, 2012
    Posted at: 8:41 am

    Hi Akash, Would advice to book at opening for now.


  6. sona Says:
    May 7th, 2012
    Posted at: 8:42 am

    Tnx CB..


  7. Akash Says:
    May 7th, 2012
    Posted at: 8:42 am

    Hi CB, If Market opens gap down today, at what price 5000 PE will open. Shud I exit at that time and buy CE again?


  8. CB Says:
    May 7th, 2012
    Posted at: 8:44 am

    Hi sona, most welcome

    Hi Akash, may open 30-35% higher. dont enter a ce yet.


  9. SS Says:
    May 7th, 2012
    Posted at: 8:44 am

    Hi CB,
    Good Morning, Any luck on Titan...holding long ?


  10. Subin Says:
    May 7th, 2012
    Posted at: 8:45 am

    Hi..can i short in hdil and vip?target


  11. CB Says:
    May 7th, 2012
    Posted at: 8:46 am

    Hi SS, Good morning. it can test 348 in coming days. if possible hedge it with a 240 pe for now

    Hi Subin, seems may open gap down. don't go short at opening.


  12. CB Says:
    May 7th, 2012
    Posted at: 8:46 am

    Hi Akash, as of now not sure of re-entry


  13. cvrprakash Says:
    May 7th, 2012
    Posted at: 8:47 am

    Dear CB,

    Please share your view on ITC.

    Seems Nifty may open near 5000, What should we do in that case?
    can initiate fresh shorts in ITC?


  14. Akash Says:
    May 7th, 2012
    Posted at: 8:47 am

    Hi CB, Ok. So shud I put SL if it opens above 90 and then see how it will perform.


  15. vasanth Says:
    May 7th, 2012
    Posted at: 8:48 am

    HI CB,

    GM


  16. CB Says:
    May 7th, 2012
    Posted at: 8:50 am

    Hi cvrprakash, FMCG sector has been going strong. don't go short on it yet

    Hi Akash, ok

    Hi vasanth, Good morning.

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