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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. abraham Says:
    May 7th, 2012
    Posted at: 3:01 pm

    it was as i expected and informed on friday 2.45 pm


  2. gostha Says:
    May 7th, 2012
    Posted at: 3:02 pm

    GAAR is really gaar for the investor


  3. CB Says:
    May 7th, 2012
    Posted at: 3:02 pm

    Hi Sush, yes, hold it

    Hi CAD, no, as of now none

    Hi Subin, no, not yet

    Hi Option.Trader, could test 5120. strong resistance near 5130

    Hi Dinesh Kumar, book profit for now.


  4. SAI Says:
    May 7th, 2012
    Posted at: 3:03 pm

    HI CB MISSED YR CALLS TOO!! SHALL I ENTER ANY CE AT THIS STAGE


  5. CB Says:
    May 7th, 2012
    Posted at: 3:04 pm

    Hi SAI, yes. delay in GAAR is triggering some short covering

    Hi shail,yes, looks good

    Hi Sohan, news of GAAR being held only 2014

    Hi abraham, thanks

    Hi gostha, :)


  6. Mahesh Says:
    May 7th, 2012
    Posted at: 3:04 pm

    Hai CB Sir,
    Shall enter 5000 pe ?


  7. CB Says:
    May 7th, 2012
    Posted at: 3:05 pm

    Hi SAI, lets wait till tomorrow

    Hi Mahesh, no, not yet


  8. Naran Says:
    May 7th, 2012
    Posted at: 3:05 pm

    A LOT OF SHORT POSITIONS CREATED ON FRIDAY.IT IS ONLY A SHORT COVERING...SO IT MAY OR MAY NOT BE SUSTAIN...


  9. airbites Says:
    May 7th, 2012
    Posted at: 3:05 pm

    Hi CB,

    What u think abt nifty again testing 5300 ?


  10. SAI Says:
    May 7th, 2012
    Posted at: 3:05 pm

    HI CB HOLDING SBI IN CASH SMALL QNTY. SHALL I HOLD OR EXIT. ENTERED AT HIGHER RATE FEW DAYS BACK


  11. Karan Sharma Says:
    May 7th, 2012
    Posted at: 3:05 pm

    HI,

    Can i sell IFCI (Futures) @ CMP?


  12. cvrprakash Says:
    May 7th, 2012
    Posted at: 3:06 pm

    Dear CB,

    Can I buy Nifty PE considering todays upmove?
    I think over all picture is still negative and we can see 4900 in nifty eithet this week or next week....
    What you suggest?


  13. CB Says:
    May 7th, 2012
    Posted at: 3:06 pm

    Hi Naran, if does not manage to cross 5130, then selling pressure is likely to resume

    Hi SAI, its a hold for now

    Hi Karan Sharma, no, not yet.


  14. SS Says:
    May 7th, 2012
    Posted at: 3:07 pm

    Hi CB,
    Thanks for your advice on Titan. Recovered huge loss and made profit too.
    Dr Reddy not moving up...I entered long. Should I hold or exit.


  15. Saipalanivel Says:
    May 7th, 2012
    Posted at: 3:07 pm

    CB SIR, THIS RALLY CONTINUE OR FALL FRUTHER?


  16. CB Says:
    May 7th, 2012
    Posted at: 3:07 pm

    Hi cvrprakash, n, lets wait. if unable to cross 5130 tomorrow, can enter a pe.

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