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. CB Says:
    May 16th, 2011
    Posted at: 5:50 pm

    Hi Anita, it looks good. can see 725


  2. Ajay Says:
    May 16th, 2011
    Posted at: 5:59 pm

    Hi CB,

    Can ADSL reach its buy back offer price of Rs 140 in 6 months time?

    Thanks
    Ajay


  3. r h Says:
    May 16th, 2011
    Posted at: 6:04 pm

    Sir i m holding 5700 call at 30 rs and 5800 call at 75 rs. Please suggest sir what should i do both are now in very very huge loss , cmp for 5700 is at 10rs and 5800 at 6rs . please help me sir , what can i do for recover this huge loss ? i m holding in big quantity..


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

    CB,

    Any view on SBI tomo as the results are coming out tomo???


  5. Abdullah Says:
    May 16th, 2011
    Posted at: 6:25 pm

    Hi DS, A Gold ETF is an Exchange traded fund, basically a mutual fund with invests and tracks gold prices. ETF's are listed in NSE having series EQ. So, you can buy and sell them just like shares, but the denomiation is a UNIT and not SHARE. For more information and better understanding plz checkout www.nsegold.com

    E-Gold is a COMMODITY. This is traded in National Spot Exchange Limited (NSEL). You need to open a separate demat A/C for this. Your demat A/C where you hold shares will not serve the purpose. So, E-Gold = Gold in demat form as well as physical form. On purchase, units of E-Gold (Electronic Gold) get credited to the buyers demat A/C ; the underlying unit of physical gold is stored in the Exchange's vault. For a detailed understanding plz checkout www.nationalspotexchange.com. In the main page of the website, checkout the "e-Series" tab/link, somewhere on the top right side.

    Hope this information helps...


  6. Abdullah Says:
    May 16th, 2011
    Posted at: 6:26 pm

    Hi CB / Kartik / All, Good evening :)


  7. Anil Says:
    May 16th, 2011
    Posted at: 6:32 pm

    GE CB,

    Holding JSWSTEEL 900 PE @ 18.00, RCOM short @ 91.30 and ALLAHABAD BANK short @ 194. Bit worried as all are short positions. Please advise strategy for tomorrow..


  8. jit Says:
    May 16th, 2011
    Posted at: 6:33 pm

    today fii were buyers,,,,,,,,do u see a breakout tommorow


  9. CB Says:
    May 16th, 2011
    Posted at: 7:02 pm

    Hi Ajay, yes, in med term is likely to recover

    Hi r h, yes, markets are seeing selling on rise. for now would advice to enter couple of puts if nifty breaks 5470. will help recover some losses.

    Hi Abdullah, Good evening.. thanks

    Hi Anil, as of now seems may open a bit lower tomorrow. hold for now. below 5470 can see 5430

    Hi jit, nifty has support near 5470. has bounced back couple of times from here. if holds onto support at 5470 can expect some bounce. lets see how US markets close tonight


  10. Abdullah Says:
    May 16th, 2011
    Posted at: 7:06 pm

    Hi CB, You are always welcome :)


  11. Anil Says:
    May 16th, 2011
    Posted at: 7:09 pm

    Hi CB, Thanks. Can i exit on opening if get my price?


  12. CB Says:
    May 16th, 2011
    Posted at: 7:10 pm

    Hi Anil, yes. can test 5470-5480 once


  13. Ajay Says:
    May 16th, 2011
    Posted at: 7:12 pm

    Thanks a lot CB for your views.

    Ajay


  14. Subhag Ghosh Says:
    May 16th, 2011
    Posted at: 7:15 pm

    Market Review for 17th May 2011


    Nifty (5499) we said ‘Technically the market is in a typically sideways zone with 5500 as a strong support zone to work with and 5635 as a strong resistance zone to work with’ the market unfolded as expected and has closed right on dot 5500… now we are at Make or Break level and if it cracks now then next stop around 5400 or could just bounce back…



    The support for the Nifty is at 5500-5400 and resistance at 5580-5635



    BSE Sensex: (18345) the crucial support on the Sensex on the downside is 18250-18032 and resistance at 18550-18850


    SG


  15. dhiva Says:
    May 16th, 2011
    Posted at: 7:16 pm

    hi cb,
    ur view on tatasteel? upside & downside......suggest pls


  16. Anil Says:
    May 16th, 2011
    Posted at: 7:19 pm

    Hi CB, Shall I exit if get my price or hold for profits??

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