Intraday calls for 07-05-12

Quotes with Resistance & Support

Market Information

Intraday calls for 07-05-12

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

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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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Comment pages: 18 19 20 21 22 232425 26 Show all

Gitanjali Says:
May 7th, 2012
Posted at: 4:26 pm
Hi Sohan, Hi Kb Trader, Welcome
Hi CB, Will dollar be bullish from here..plz?
micky-intrday Says:
May 7th, 2012
Posted at: 4:31 pm
Hi Shiv, its good company i belong to radio industry and very well know in our industry for all creatives and even max to max all operators of telecom r giving there vas work to on-mobile ...hold it if your long term investor awesome future
micky-intrday Says:
May 7th, 2012
Posted at: 4:32 pm
Hi Gitanjali, wait dun go for it will come down more then grab it ")
CB Says:
May 7th, 2012
Posted at: 4:33 pm
Hi shail, seems good results triggered an upmove. can test 675
Hi CA.Tejas, yes, would advice to book for now
Hi Shiv, yes, fundamentally its a good bet. technically as of now faces strong resistance at 56. if manages to cross it, can see 70 again.
Hi Gitanjali, if trades above 52 for few days, could move higher to 55. lets see
micky-intrday Says:
May 7th, 2012
Posted at: 4:36 pm
Hi CB, how was your trade for today ..mine was too good shorted natco pharma @ 423 covered @ 400 and bought jain @ 74 sold at 76 ...both were in huge qyt
Gitanjali Says:
May 7th, 2012
Posted at: 4:38 pm
Hi micky-intrday, Thanks for your kind reply.Hi CB, Thank you .
CA.Tejas Says:
May 7th, 2012
Posted at: 4:38 pm
Samvardhana Motherson Finance (SMFL) IPO has been withdrawn from markets by it's management. This was the second-largest IPO withdrawal in Indian capital market history. Why?
The management of SMFL withdrew its Rs.1,665 crore IPO issue on Friday as investors turned back to it's expensively priced initial public offering and foreign funds panicked when Indian government announced that it was renegotiating the double taxation avoidance agreement (DTAA) with Mauritius government. SMFL has anchor investors and promoters based out of this foreign location.
This IPO was opened on May 2, and was subscribed just 0.38 times till 7 pm on the closing day of issue according to the NSE website. Such was the bad response to IPO by investors due to exorbitantly priced initial public offering.
SMFL is an auto part company being parent company of listed auto components manufacturer Motherson Sumi. Promoters Vivek Chaand Sehgal and his family owns 90.35% stake in company and the company was planning to raise around Rs 1,665 crore in the price band of Rs 113 to Rs 118 per share.
Various news agencies are stating that company received poor response to it's IPO due to weaker market conditions but they are ignoring the fact that company had priced this issue with exorbitantly high valuations and was dreaming to be a debt free company on people's money with no value/returns for small retail investors. Company had left nothing on table for small IPO investors and so retail investors were not keen on investing in IPO.
micky-intrday Says:
May 7th, 2012
Posted at: 4:39 pm
hey cb needed ya help just have a look and the site and tell me howz it....planning to expand it wat say ? www.lovetalkmakinglove.tk
Shiv Says:
May 7th, 2012
Posted at: 4:47 pm
Hi micky-intrday, Hi CB, Thanks to both of you.. i am in it for long term maybe 5+yrs.. but it goes down very fast and comes up very slow.. which was concerning for me..
micky-intrday Says:
May 7th, 2012
Posted at: 4:48 pm
Hi Shiv, haha dun worry it will be charm :) tc
CB Says:
May 7th, 2012
Posted at: 4:53 pm
Hi micky-intrday, nice.. :) mine was fine.
Hi Shiv, yes.. markets have been volatile. for long term guess it should be ok. can look to add quality stocks on dips
revan Says:
May 7th, 2012
Posted at: 5:10 pm
Hi CB CAN i short fut BPCL @ 695 ?
CB Says:
May 7th, 2012
Posted at: 5:34 pm
Hi revan, it has strong resistance at 705. don't go short on it yet above 705 can head upto 730
Anita Says:
May 7th, 2012
Posted at: 5:45 pm
Sir,
Is this the right time to invest or should I wait as i want to buy some scrips in cash with a holding period of 4-6 mths. I have shortlisted BHEL and JAIN IRRIGATION. What is your view on this? How does ADANI ENTERPRISE look from a long term perspective?
Awaiting your reply. Thanks
sdg Says:
May 7th, 2012
Posted at: 5:55 pm
Hello CB, How are you? Restarted trading after a long time with your 5100 PE call and exited in green. Thanks for the call. But today at end of the day done a mistake of re-entering in 5100PE.. its in red.. any chances of downside or I shall book the loss tomorrow at exit? Any levels to watch?
Akash Says:
May 7th, 2012
Posted at: 6:07 pm
Hi CB, Looks like market turned +ve. I should have bought CE after booking profit in PE. Shall I buy 5400 or 5300 CE again to make double profit.