Quotes with Resistance & Support
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Intraday calls for 11-05-12

Posted on: May 11th, 2012 at 8:30 am

Markets likely to open slightly lower. Support for nifty is at 4940.

Sell United Phosphorus at 120-120.50, target: 116. Stoploss: 124 – (Book profit at 116.20)

11.42am – Book profit in 4900 pe at 103

12.08pm -Buy Axis bank at 981, target: 1000. Stoploss: 968 – (Book profit in Axis bank at 997)

1.38pm – Buy Jindal Steel and power at 459, target: 474. Stoploss: 449 (1-2 day hold)

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550 Responses

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Comment pages: 111213141516171819Show all

  1. Sohan Says:
    May 11th, 2012
    Posted at: 11:41 am

    Hello CB,

    Will these numbers will compell the Govt to make policy changes.

    Like for example GAAR was earlier shifted to decide in 2013/2014.

    Next 4 weeks will be important to watch.

    Sohan


  2. micky-intrday Says:
    May 11th, 2012
    Posted at: 11:43 am

    still markets can go positive :)


  3. Ashish Says:
    May 11th, 2012
    Posted at: 11:45 am

    Can I buy Jyothy Lab at CMP for Intraday


  4. tarun Says:
    May 11th, 2012
    Posted at: 11:47 am

    hi CB,
    shorted BHEL at 220.50, target and stop loss ??

    thanks


  5. CA.Tejas Says:
    May 11th, 2012
    Posted at: 11:49 am

    Result Analysis

    NTPC Q4 net down 7% at Rs 2,593 cr
    NTPC reported a 7% slip in net profit at Rs 2,593 crore for the quarter ended March 2012.

    Cipla Q4 net up 36% at Rs 291.74 cr
    Cipla reported 36.32% increase in net profit to Rs 291.74 crore for the fourth quarter ended March 31, 2012.

    Lupin Q4 net dips 29% at Rs 161 cr, sales up 25%
    Lupin Ltd's consolidated net profit declined by 29.54% to Rs 161.19 crore for the fourth quarter ended March 31, 2012, due to higher tax expenses.

    Canara Bank net drops 7.7% on deposit cost
    Canara Bank reported a 7.7 per cent drop in net profit, at Rs 829 crore, for the fourth quarter ended March 31, 20112, compared with Rs 899 crore in January-March of last financial year.

    Escorts net falls 75% on weak tractor sales
    Escorts reported a 75 per cent fall in net profit at Rs 18.12 crore for the quarter ended March 31, against Rs 73.2 crore in the same quarter last year.

    Cadila Q4 net dips 4.52% to Rs 171 cr
    Cadila Healthcare reported a 4.52% decline in its consolidated net profit at Rs 170.88 crore for the quarter ended March 31, mainly on account of foreign exchange losses.

    Jubilant FoodWorks quarterly net profit rises 52%
    Jubilant FoodWorks (JFL) posted an increase of 52 per cent in net profit at Rs 29.3 crore for the quarter ended March 31, driven by an increase in sales and expanded store network.

    Apollo Tyres Q4 net declines 18% to Rs 157 cr
    Apollo Tyres witnessed an 18% drop in net profit for the quarter ended March 2012 at Rs 157 crore.

    Usha Martin Q4 net dips almost 60 percent
    Usha Martin Ltd reported a 58.75 percent dip in its consolidated net profit to Rs.14.91 crore for the quarter ended March 31, 2012, from Rs.36.15 crore in the same period last year.

    TV18 Jan-Mar qtr loss narrows to 8.26 cr
    TV18 Broadcast Ltd posted a consolidated net loss of Rs 8.26 crore for the quarter ended March 31, 2012.

    Dewan Housing Finance Q4 net up 60 pc at Rs 93.76 crore
    Dewan Housing Finance Corporation Ltd (DHFL) posted 59.8 per cent jump in net profit at Rs 93.76 crore for the fourth quarter ended March 31, 2012.

    AGC Networks Q4 net jumps over three times
    AGC Networks posted over three times rise in net profit to Rs 23.5 crore in the March quarter on the back of strong growth in key verticals.

    United Breweries Holdings Q4 net dips 84 pc at Rs 2 crore
    United Breweries (Holdings) reported a 83.69 per cent decline in net profit at Rs 2.10 crore for the fourth quarter ended March 31.


  6. Nirav Says:
    May 11th, 2012
    Posted at: 11:58 am

    Hi...Sir,

    Holding RIIL @ 400 levels...!!!

    any chance for recovery...???

    also advice if i can add some more @ what level for average out.


  7. micky-intrday Says:
    May 11th, 2012
    Posted at: 12:03 pm

  8. Sush Says:
    May 11th, 2012
    Posted at: 12:04 pm

    Hi CB! Thanks booked profit in 4900 PE. What is the next support for Nifty. If I have to go for a CE, where shld I enter. Please suggest.

    Thanks


  9. gostha Says:
    May 11th, 2012
    Posted at: 12:05 pm

    sell united spirit bellow117 for the target of 603


  10. VJ Says:
    May 11th, 2012
    Posted at: 12:06 pm

    Thank you CB for the 4900 CE :)


  11. Naran Says:
    May 11th, 2012
    Posted at: 12:07 pm

    Hi CA.Tejas, Thank u very much....................


  12. Nag Says:
    May 11th, 2012
    Posted at: 12:08 pm

    Hi SS..Where to see the Europe futures?
    Any website..pls share!!


  13. CB Says:
    May 11th, 2012
    Posted at: 12:08 pm

    Buy Axis bank at 981, target: 1000. Stoploss: 968


  14. micky-intrday Says:
    May 11th, 2012
    Posted at: 12:11 pm

    Hi CB, thnks cb for the call ......hey cb also tell me the downside for natco pharma today ..and closing of jsw steel


  15. Shawww Says:
    May 11th, 2012
    Posted at: 12:13 pm

    I have ranbaxy CE 520. What shd I do?


  16. CB Says:
    May 11th, 2012
    Posted at: 12:15 pm

    Hi Shawww, shall hold it for a weeks time. possible see a bounce from here after recent fall

    Hi micky-intrday, most welcome. natco can test 372

    Hi Nag, you can check these on bloomberg.com

    Hi VJ, most welcome

    Hi gostha, thanks

    Hi Sush, nice to hear that. as of now seems can expect a small bounce. sl near 4890

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