Quotes with Resistance & Support
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Intraday calls for 13-05-11

Posted on: May 13th, 2011 at 8:21 am

Markets likely to open flat, Support for Nifty at 5470

Buy Max India at 172, Target: 178, SL 166
(trade in small quantities)

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  1. Sunil Rao Says:
    May 14th, 2011
    Posted at: 10:32 pm

    Hi Abdullah, Yes, I got a response from RKG and then after confirmation of my location transferred it to the Jharkhand franchisee at Jamshedpur. The local franchisee called me up last week and said he would mail me all the details and also send me the details by courier with the forms. Still waiting for them. Ventura also mailed me the details of all their plans and its still on hold till I get the details from RKG as well.


  2. CB Says:
    May 14th, 2011
    Posted at: 10:32 pm

    Hi Abdullah, yes, hope you too had a good time.. :)

    Hi Gitanjali, most welcome. sure, shall have a good one. you too have a good time.


  3. Abdullah Says:
    May 14th, 2011
    Posted at: 10:35 pm

    Hi CB, Nice article abt Nifty moving in a tight range. Not finding any positive flow of news which can take Nifty higher. Whereas higher fuel prices can have a negative influence on the economy ( howsoever little it may be). I know we (the trading community) like to follow technicals, but just wanted to know your gut feelings.... what do u think.... Nifty for the coming week ---> UP,DOWN, or within a range?


  4. thavva Says:
    May 14th, 2011
    Posted at: 10:39 pm

    Hi CB, Thanks CB...
    Hi Sunil Rao, GE..enjoy the week end :)
    Hi Abdullah, :)


  5. Abdullah Says:
    May 14th, 2011
    Posted at: 10:43 pm

    Hi Sunil Rao, That's GR8. BTW, u can directly contact (over phone) their office in Kolkata, bypassing the franchisee. But they will tell u to download the forms, take printout, fill up and mail them. But if u tell them to mail (hard copy) the forms to u, they will do so. I dont know the brokerage structure of the franchisee, but if it is the same, then Ok. Otherwise better to bypass the franchisee.


  6. CB Says:
    May 14th, 2011
    Posted at: 10:50 pm

    Hi Abdullah, :) seems can test 5600 again. lets see

    Hi thavva, most welcome.


  7. Abdullah Says:
    May 14th, 2011
    Posted at: 10:54 pm

    Hi CB, Thanks a lot :)
    Yes, lets see what happens...


  8. Sunil Rao Says:
    May 14th, 2011
    Posted at: 11:16 pm

    Hi thavva, Thanks and you too.

    Hi Abdullah, It doesnt bother to me whether the account is opened at kolkata or Jamshedpur (both almost the same distance from my place) as long as the rates are the same. Waiting for their mail, then I may decide whether or not to bypass the franchisee.

    Btw, about Nifty, currently, Nifty has more possibility for a downward breakout rather than an upward breakout. For an upward breakout, Nifty needs a strong momentum to break above 5630-50 level (very strong resistance) which will only be possible if we see a bounce from 5380-5400 level (very strong support). As of now, Nifty is hovering much above 5380-5400 level indicating a consolidation above the strong support level to gain momentum to break down below it for immidiate target of 5175.


  9. ARIJIT Says:
    May 14th, 2011
    Posted at: 11:17 pm

    HI ABDULLAH,
    r u from from kokata? Which area? I am from DHAKURIA.....


  10. suzane Says:
    May 14th, 2011
    Posted at: 11:21 pm

    Hi Sunil Rao, Hi CB, what target u suggest in Kajariya ceremic for monday ?


  11. Abdullah Says:
    May 14th, 2011
    Posted at: 11:33 pm

    Hi Sunil Rao, Ohhhh....
    I was also thinking the same line... downward breakout. Thanks again for the explanation. But having said that, lets wait & see what happens. Anyways, keep me informed, whom you chose (if possible, before choosing) --- Ventura or RKG...


  12. CB Says:
    May 14th, 2011
    Posted at: 11:43 pm

    Hi Abdullah, most welcome

    Hi suzane, it can test 93


  13. Aman Says:
    May 14th, 2011
    Posted at: 11:48 pm

    HI CB..
    What abt ARSS now..


  14. Aman Says:
    May 14th, 2011
    Posted at: 11:50 pm

    CB how r u..
    Howz weekend going..


  15. YOGI Says:
    May 14th, 2011
    Posted at: 11:56 pm

    Hi CB, plays all indian languages songs
    http://musicmazaa.com/


  16. Abdullah Says:
    May 14th, 2011
    Posted at: 11:57 pm

    Hi ARIJIT, Yes. From BEHALA... :)

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