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: 8:51 am

    Hi Anil, today seems may open lower. hold for now. facing resistance near 1340


  2. Gitanjali Says:
    May 16th, 2011
    Posted at: 8:52 am

    Hi CB, ok... shall enter tata global ..thanks a lot.


  3. CB Says:
    May 16th, 2011
    Posted at: 8:52 am

    Hi Gitanjali, most welcome.


  4. Akash Says:
    May 16th, 2011
    Posted at: 8:54 am

    Hi CB, GM. Should I continue to hold 5900 CE for min target 50 by expiry?


  5. dak Says:
    May 16th, 2011
    Posted at: 8:55 am

    CB, is further downside expected after it opens lower?


  6. jit Says:
    May 16th, 2011
    Posted at: 8:55 am

    should i wait for 5480 for s booking put


  7. CB Says:
    May 16th, 2011
    Posted at: 8:56 am

    Hi Akash, for now hold with sl at 5480

    Hi dak, not really sure yet. would be at strong support level.s

    Hi jit, yes.


  8. dak Says:
    May 16th, 2011
    Posted at: 8:59 am

    Ok CB - thanks.
    Most of my call options in loss. :-(. please suggest some good options strategy to recover.


  9. jit Says:
    May 16th, 2011
    Posted at: 8:59 am

    another hike in petrol will be soon,,,,,,,,do u expect a huge sell off in auto sector


  10. ronny Says:
    May 16th, 2011
    Posted at: 8:59 am

    hiiii good morning sir,


  11. VS Says:
    May 16th, 2011
    Posted at: 9:00 am

    good morning CB. i am in holding of IOC, whats the target for today? shall i exit it from today or wait . i bought at 345.


  12. CB Says:
    May 16th, 2011
    Posted at: 9:00 am

    Hi dak, yes, with markets moving in a range, options not doing much. for now enter a put if nifty breaks 5470. no other call yet


    Hi ronny, Good morning

    Hi VS, Good morning hold it. seems can add 3-4% today


  13. dak Says:
    May 16th, 2011
    Posted at: 9:01 am

    ok cb - will do.
    Is reliance expected to go to 1000 before expiry?


  14. Abc Says:
    May 16th, 2011
    Posted at: 9:02 am

    Sir.target for muthoot


  15. CB Says:
    May 16th, 2011
    Posted at: 9:02 am

    Hi dak, no, seems unlikely


  16. ronny Says:
    May 16th, 2011
    Posted at: 9:02 am

    Hi CB, whats ur look towards the market ? will see up move or down

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