Quotes with Resistance & Support
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Intraday calls for 16-05-2012

Posted on: May 16th, 2012 at 8:24 am

Markets likely to open lower. Support for nifty is at 4870.

Sell ACC below 1165, target: 1148. Stoploss: 1180 – (Book profit in ACC at 1148-1150)

1.34pm – Buy BHEL at 207.85, target: 214. Stoploss: 202 (1-2 day hold)

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558 Responses

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  1. SS Says:
    May 16th, 2012
    Posted at: 8:31 am

    Good Morning Everyone


  2. natasha singh Says:
    May 16th, 2012
    Posted at: 8:32 am

    hello there..firstly thank you for ur valuable feedbacks for all....Can i go short on metal and bank


  3. ttsathya Says:
    May 16th, 2012
    Posted at: 8:33 am

    GM.Sold USDINR @53.75. Pl guide. Shall I short DLF fut or Unitech Fut @ open


  4. ani Says:
    May 16th, 2012
    Posted at: 8:34 am

    cb sir,

    Very gm.....holding airtel as per advice....keeping sl @310....

    Airtel [email protected]@1.40....


  5. CB Says:
    May 16th, 2012
    Posted at: 8:34 am

    Hi SS, Good morning

    Hi natasha singh, Good morning. thanks. yes, but seems these may open gap down. don't go short at gap down opening


  6. natasha singh Says:
    May 16th, 2012
    Posted at: 8:35 am

    okay so can i go long on gap down?


  7. CB Says:
    May 16th, 2012
    Posted at: 8:35 am

    Hi ttsathya, its a hold. can test 53.20. not sure of shorting these at opening

    Hi ani, Good morning. yes, hold it. below 300 can test 292

    Hi Akash, Good morning. today seems like a flattish session for it as markets may open gap down


  8. CB Says:
    May 16th, 2012
    Posted at: 8:35 am

    Hi natasha singh, no. wait for nifty to break 4870. below this further selling pressure is expected.


  9. natasha singh Says:
    May 16th, 2012
    Posted at: 8:36 am

    Okay thanks a lot...have great day


  10. Kb Trader Says:
    May 16th, 2012
    Posted at: 8:36 am

    Hi CB, Good Morning . . :)


  11. dak Says:
    May 16th, 2012
    Posted at: 8:37 am

    CB, can bank nifty futures be shorted on rise today ?


  12. CB Says:
    May 16th, 2012
    Posted at: 8:39 am

    Hi natasha singh, most welcome. you too have a good day

    Hi Kb Trader, Good morning. .

    Hi dak, as of now seems may open 50-60 points lower. below 4870 can look to short

    Hi Akash, yes, below 675 will need to exit


  13. SS Says:
    May 16th, 2012
    Posted at: 8:42 am

    Hi CB,
    How do you see BoB & Cairn today ?


  14. CB Says:
    May 16th, 2012
    Posted at: 8:42 am

    Hi SS, as of now seems may open a bit lower. likely to trade in the red today


  15. SURAJIT PATRA Says:
    May 16th, 2012
    Posted at: 8:44 am

    Good Morning CB, Whats about TATAMOTORS 320 CE, TV News shows Target 280, Please Suggest me Sir

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