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. CA.Tejas Says:
    May 16th, 2011
    Posted at: 4:36 pm

    Hi, as per ur advice i put an sl for prestige estate at 152.50 n it triggers so i exited on profit... which is bought at 147... n cmp is again 146... then should i buy again........


  2. Akash Says:
    May 16th, 2011
    Posted at: 4:38 pm

    Hi CB, if Nifty breaks 5480, can we expect it goes below 5000 also. Also, can u pls suggest some low priced PE in that case which can jump min 10-12 times.. I have v low capital :(


  3. CA.Tejas Says:
    May 16th, 2011
    Posted at: 4:38 pm

    Any stock to buy from following for short term say 10 - 15 days.... for 4 -5 % gain...
    RIL
    L&T
    NTPC
    Confidence Petro
    IRB Infra
    TCS
    Renuka Sugar
    Reliance Power
    HDFC Bank


  4. CB Says:
    May 16th, 2011
    Posted at: 4:42 pm

    Hi gayaram, these are a hold for short term. hdil does look a bit better than other real estate stocks. hold these for now

    Hi DS, hold it for now. can see 675.hold with sl at 620 for now

    Hi Ajay, no, 200 seems a bit unlikely

    Hi shiva, technically does look good. can head upto 352 in a day or 2

    Hi setul, yes, its facing strong resistance near 470 levels. for now its best to exit the call on any rise

    Hi CA.Tejas, ok. enter it lower near 140


  5. CB Says:
    May 16th, 2011
    Posted at: 4:42 pm

    Hi Akash, yes, below 5480 can test 5400 levels. enter a put if nifty breaks 5480

    Hi CA.Tejas, no, as of now no new call. markets are going a bit weak. best to wait for now.


  6. Akash Says:
    May 16th, 2011
    Posted at: 4:43 pm

    Hi CB, Can I enter any PUT even if it low priced.. Which is lowest priced Active PUT available?


  7. CB Says:
    May 16th, 2011
    Posted at: 4:45 pm

    Hi Akash, go with 5400


  8. Akash Says:
    May 16th, 2011
    Posted at: 4:46 pm

    Hi CB, Ok. to buy 1 lot, I will need to transfer min 2500 tomorrow :( Anyway, will it see 250-300 target by May expiry? Or any June PE which I can buy with the range of Rs. 10-25?


  9. DS Says:
    May 16th, 2011
    Posted at: 4:47 pm

    Dear CB,

    Also please can you advise what is the difference between a GOLD ETF and E--Gold?


  10. Mohan Says:
    May 16th, 2011
    Posted at: 4:48 pm

    Hi CB,

    Please refer me a good book on learning Bollinger Bands.


  11. DS Says:
    May 16th, 2011
    Posted at: 4:48 pm

    Dear CB,

    Please advise why is ABAN and HIND OIL falling even though petrol prices are increasing?


  12. Parthiban Says:
    May 16th, 2011
    Posted at: 4:50 pm

    Hi CB,

    Good Evening,
    I bought 100 shares of sunteck realty at 310 today.
    What would be the price tomorrow.


  13. CB Says:
    May 16th, 2011
    Posted at: 5:03 pm

    Hi Akash, ok. it can give 35-40% returns below 5470.

    Hi DS, no, not really sure what E-Gold is.. aban and hindoil benefit when crude prices are rising

    Hi Mohan, you can download a book on technical analysis here: http://www.4shared.com/file/lfWzmGt8/tech_books.html

    Hi Parthiban, Good evening. it can see 316-317 if markets are good


  14. Pushpa Says:
    May 16th, 2011
    Posted at: 5:17 pm

    Thanks CB , Akash &Arijit


  15. CB Says:
    May 16th, 2011
    Posted at: 5:46 pm

    Hi Pushpa, most welcome.


  16. Anita Says:
    May 16th, 2011
    Posted at: 5:47 pm

    i am short on divis lab 1 lot @ 309, pls advice short term target and stoploss.

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