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: 141516171819202122Show all

  1. CB Says:
    May 11th, 2012
    Posted at: 12:32 pm

    Hi Rahul, yes, these are fundamentally strong bets. will give good returns.


  2. CB Says:
    May 11th, 2012
    Posted at: 12:33 pm

    Hi rishu, not yet. enter lower near 295

    Hi sdg, most welcome.


  3. Siddharth Says:
    May 11th, 2012
    Posted at: 12:34 pm

    can i buy m&m at current cmp of 647


  4. NEW2NIFTY Says:
    May 11th, 2012
    Posted at: 12:34 pm

    HI CB, GM ANY FRESH ENTRY


  5. CB Says:
    May 11th, 2012
    Posted at: 12:35 pm

    Hi Siddharth, no, looks weak below 655


  6. Siddharth Says:
    May 11th, 2012
    Posted at: 12:36 pm

    Thanks CB, any other equity to enter right now?


  7. CB Says:
    May 11th, 2012
    Posted at: 12:37 pm

    Hi Siddharth, can look to buy some of axis bank


  8. CB Says:
    May 11th, 2012
    Posted at: 12:37 pm

    ill be back in 1 hour.


  9. G Says:
    May 11th, 2012
    Posted at: 12:37 pm

    cb, can i enter sbi CE now? if yes then plz suggest which series...


  10. micky-intrday Says:
    May 11th, 2012
    Posted at: 12:45 pm

    for sure recovery of markets today hold your longs :)


  11. rahul Says:
    May 11th, 2012
    Posted at: 12:57 pm

    bank stocks seems some buying interest today so market ll hold here and bounce on monday


  12. Uniyal Says:
    May 11th, 2012
    Posted at: 1:07 pm

    Dont think that market will recover today... Looks impossible yet, because european open in red, dow future in red, no good new yet in market.


  13. Durai Says:
    May 11th, 2012
    Posted at: 1:10 pm

    Hi CB,

    Are we expecting Gold price to go up?


  14. samba Says:
    May 11th, 2012
    Posted at: 1:17 pm

    hi CB,
    Whats the view on Suzlon ....is it right time to opt for this stock...


  15. CB Says:
    May 11th, 2012
    Posted at: 1:19 pm

    Hi Durai, yes. can add 3-5%

    Hi Uniyal, yes. lets see. technically a small bounce is expected

    Hi G, go with cash in small quantity for now.


  16. CB Says:
    May 11th, 2012
    Posted at: 1:19 pm

    Hi samba, no, it looks weak. don't enter it yet.

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