Quotes with Resistance & Support
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Intraday calls for 16-05-11

Posted on: May 16th, 2011 at 8:24 am

Markets likely to open lower. Support for nifty is at 5470 and resistance at 5600

On Intraday dips, buy Havells with stoploss at 388. – (book profit in Havells at 402-403)

9.36am – buy jsw steel in small quantity at 947, target: 958. stoploss: 933 – (sl triggered)

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499 Responses

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  1. shiva Says:
    May 16th, 2011
    Posted at: 3:17 pm

    holding wockhardt @ 340...what to do?


  2. suman Says:
    May 16th, 2011
    Posted at: 3:18 pm

    Hi kartik,
    Holding 5600 CE @33 .whats ur view ??


  3. Kartik Says:
    May 16th, 2011
    Posted at: 3:19 pm

    Hi Anil, continue to hold them till tomorrow

    Hi CM Raghu, hold it till tomorrow

    Hi shiva, if entered in Intraday, book profits


  4. Kartik Says:
    May 16th, 2011
    Posted at: 3:20 pm

    Hi suman, continue to hold it for some time, keep a SL at 5470


  5. jit Says:
    May 16th, 2011
    Posted at: 3:20 pm

    tommorow holiday


  6. DS Says:
    May 16th, 2011
    Posted at: 3:20 pm

    Dear Kartik,

    What maybe the short term target of UTV?


  7. CM Raghu Says:
    May 16th, 2011
    Posted at: 3:20 pm

    Hi,

    holding JSW steel @943…. now @923…. at wat price I can sell today? or shall i hold till tomorrow?

    Thank you...


  8. raj gupta Says:
    May 16th, 2011
    Posted at: 3:20 pm

    Sir as CB said m holding continue 5700 Call bought at 32 rs with stoploss 5480 , but value is going down continue of this call now it has come down to 9.5 rs, please suggest sir still should i hold or exit this huge loss ?


  9. Anil Says:
    May 16th, 2011
    Posted at: 3:20 pm

    Hi Kartik, All short positions. No risk of holding??


  10. Aziz Says:
    May 16th, 2011
    Posted at: 3:22 pm

    holding sks micro @ 375.shall wait for tomorow or book loss?


  11. Kartik Says:
    May 16th, 2011
    Posted at: 3:24 pm

    Hi Anil, Markets are trading weak also global ques look weak, would be better to hold

    Hi Aziz, exit from it

    Hi CM Raghu, can see around 950 in 2-3 days if Mrakets recover

    Hi DS, can see 700 in 2-3 months

    Hi jit, no


  12. Anil Says:
    May 16th, 2011
    Posted at: 3:24 pm

    Got 2 points profit in RCOM. Hold or cover??


  13. Kartik Says:
    May 16th, 2011
    Posted at: 3:25 pm

    Hi raj gupta, 5480 acts as a major support level, hold it


  14. DS Says:
    May 16th, 2011
    Posted at: 3:26 pm

    Dear Kartik,

    In 2-3 months....what about very near term say around the 30th of May when the board declares results? Am asking since i have this at 525. Shd i exit now only or hold ?


  15. Anil Says:
    May 16th, 2011
    Posted at: 3:26 pm

    Karthik,

    Reply fast.


  16. Kartik Says:
    May 16th, 2011
    Posted at: 3:26 pm

    Hi Anil, hld it, it looks weak

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