Quotes with Resistance & Support
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Intraday calls for 12-05-10

Posted on: May 12th, 2010 at 8:22 am

Markets likely to see a flat opening. Support for nifty is at 5070 and resistance at 5210.

Buy Elgi Equipments Ltd at 112.15, target: 117. Stoploss:109
Buy Tricom India Ltd at 20, target: 21.50. Stoploss: 19.20

2.37 pm – btst – buy Jubilant Organics at 363.80, target: 376. Stoploss: 355

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622 Responses

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  1. Shipra Says:
    May 12th, 2010
    Posted at: 7:48 pm

    Hi CB/Kartik...good evening...wanted to take some advice..
    what has happened to gammon infra, granules ? they are not rising at all..moves 1 or 2 rs high and then again down..
    what target is expected from them by next week...i am having gammon at 29 and granules at 107...


  2. Aman Says:
    May 12th, 2010
    Posted at: 8:14 pm

    Hi CB. what is the 10-15 days target of klg systel..


  3. LEO Says:
    May 12th, 2010
    Posted at: 8:23 pm

    Hi Cb/ kartik ...........

    Any bull run expect by weekend trades


  4. Akash Says:
    May 12th, 2010
    Posted at: 8:27 pm

    Hi CB, If I want to sell FACT tomorrow, what price I should put. Can we expect 62-63 tomorrow? Or it is good to hold this for 75+ target in 2-3 weeks?


  5. Akash Says:
    May 12th, 2010
    Posted at: 8:30 pm

    Hi CB, Is it god to buy Educomp at this price for long term. Will it see, if not 5k again then at least 3k in 1+ years? When it was at 5k (before split), I was expecting that it will be next Jai Corp but it splited and then could not see higher levels till now..


  6. maruthi Reddy O Says:
    May 12th, 2010
    Posted at: 8:37 pm

    Hi CB/Karthik what do you recommend about GVK power tomorrow @ 42?


  7. Gitanjali, Says:
    May 12th, 2010
    Posted at: 8:53 pm

    Hi CB, Kindly tell me if I may add more of fedmogul , I hold at [149.]& punjlloyd [168.8], .....
    The rest ,, I've decided to leave them be , & shall hold longer..[all sound fundamentally...and all reco's from here .]
    I would like to know , if I may go long/intraday in chambl tomorrow ..
    ' Hello Cameron , thank you & goodbye Brown ' appear to have brought cheer to the mkts !!


  8. Vijay Says:
    May 12th, 2010
    Posted at: 9:03 pm

    Hi Karthik,
    I have 43000 Cals Refineries.What do you recommend on this scrip.Planning to hold for long term.


  9. CB Says:
    May 12th, 2010
    Posted at: 9:03 pm

    Hi Shipra, no, not sure whats wrong. technically they look good. hold them for some time.

    Hi Aman, it can see 132

    Hi LEO, no not sure yet. resistance is near 5210

    Hi Akash, can see 70 in short term.

    Hi maruthi Reddy O, dont enter it yet. looks a bit weak.

    Hi Gitanjali, yes. europe is doing well on that news.. dont add more of them yet. for now continue to hold onto them.


  10. CB Says:
    May 12th, 2010
    Posted at: 9:04 pm

    Hi Vijay, its a risky bet for long term since company has not yet started production. once we do start hearing updates from the management about production plans, then they will see some move.


  11. Vijay Says:
    May 12th, 2010
    Posted at: 9:07 pm

    Thanks Karthik,
    I have Mercator Lines in Futures took at 57.Any chance of recovering before expiry.


  12. Akash Says:
    May 12th, 2010
    Posted at: 9:10 pm

    Hi CB, How is NITESH ESTATES IPO. Can I buy that on Listing day below 60 for immediate target as 85-90 (Like TALWALKARS in 3-4 days).


  13. LEO Says:
    May 12th, 2010
    Posted at: 9:11 pm

    Hi cb..........

    Ok europen in +ve even the giants in +ve .. If TOM aSIAN OPEN +VE THEN ANY HOPE OF IT....


  14. Deep Says:
    May 12th, 2010
    Posted at: 9:15 pm

    Hi CB, Tata Metaliks Ltd bought @ 165 gone at 136 what to do exit or hold.


  15. Shads Says:
    May 12th, 2010
    Posted at: 9:20 pm

    Hi CB,

    Do you think RIL will dip a little in a day or two, say to 1065- 1070 level and give an opportunity to me to enter it?


  16. CALCULUS Says:
    May 12th, 2010
    Posted at: 9:26 pm

    Hi cb,
    which one is strong for tomorrow's intraday...
    RECLTD,
    HEXAWARE,
    INFINITE,&
    APOLLOTYRE...

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