Quotes with Resistance & Support
Market Information

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. RS Says:
    May 16th, 2012
    Posted at: 12:42 pm

    Hi CB,

    I have bought ACC at 1150 .... is there any chances that it can hit 1170 above in afternoon?


  2. SS Says:
    May 16th, 2012
    Posted at: 12:42 pm

    Hi STREET DON,
    You bet..Global economic risks are already discounted for by the markets and the Rupee is unlikely to fall below 54.50: Shankar Sharma
    Lets see this gentleman proves right.


  3. shiva Says:
    May 16th, 2012
    Posted at: 12:42 pm

    can i buy sesa goa?


  4. Siddharth Says:
    May 16th, 2012
    Posted at: 12:42 pm

    Hi CB I have shorted ACC at 1146, should I hold?


  5. CB Says:
    May 16th, 2012
    Posted at: 12:43 pm

    Hi venu, no, not yet. is near support levels.


  6. CB Says:
    May 16th, 2012
    Posted at: 12:43 pm

    Hi RS, its possible. hold with sl at 1140

    Hi shiva, no, not sure yet

    Hi Siddharth, hold with sl at 1154


  7. Rahul Says:
    May 16th, 2012
    Posted at: 12:45 pm

    hi CB piramal health intraday target


  8. STREET DON Says:
    May 16th, 2012
    Posted at: 12:45 pm

    Hi SS, May be rupee can support near 54.50... But, i seen an interview 3-4 days ahead in CNBC Aawaz the analyst says rupee can hit 56 near term and even 60-65 till december end.. I was shocked.


  9. SS Says:
    May 16th, 2012
    Posted at: 12:46 pm

    Hi CB,
    Holding Tisco long fut in deep loss. Pls suggest. Results are due on friday.


  10. CB Says:
    May 16th, 2012
    Posted at: 12:46 pm

    Hi Rahul, does have support at 423. as of now seems may remain flat.


  11. CB Says:
    May 16th, 2012
    Posted at: 12:47 pm

    Hi SS, ok. for now will need to hedge with a 400 pe.


  12. G Says:
    May 16th, 2012
    Posted at: 12:47 pm

    hi cb, 4800PE touched 79.75 and returns now at 76. should i continue holding for a day or two? or sell on any rise in intraday?


  13. Rajan Says:
    May 16th, 2012
    Posted at: 12:48 pm

    Hi Cb whts ur suggest abt europe market ?? can we see some recovery in indian market today ???


  14. CB Says:
    May 16th, 2012
    Posted at: 12:48 pm

    Hi G, yes, hold for now. book near 85


  15. CB Says:
    May 16th, 2012
    Posted at: 12:48 pm

    Hi Rajan, as of now seems may continue to remain weak today


  16. G Says:
    May 16th, 2012
    Posted at: 12:49 pm

    ok cb sir thanks a lot...

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