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. CB Says:
    May 16th, 2012
    Posted at: 8:45 am

    Hi SURAJIT PATRA, its a hold with sl at 285 for now. has support at 285. below this could correct further


  2. CB Says:
    May 16th, 2012
    Posted at: 8:45 am

    Hi Kb Trader, :) noo


  3. Thamilarasan Says:
    May 16th, 2012
    Posted at: 8:45 am

    good morning everybody
    if possible nifty go downside 4850


  4. Subin Says:
    May 16th, 2012
    Posted at: 8:46 am

    Hi gm..i have [email protected] i hold or sell?


  5. Kb Trader Says:
    May 16th, 2012
    Posted at: 8:46 am

    Hi CB, ha haha :DDDDDDDDD


  6. CB Says:
    May 16th, 2012
    Posted at: 8:46 am

    Hi Thamilarasan, Good morning..


  7. CB Says:
    May 16th, 2012
    Posted at: 8:47 am

    Hi Subin, Good morning. yes, exit at opening for now. seems markets may remain weak today

    Hi Kb Trader, :)


  8. CB Says:
    May 16th, 2012
    Posted at: 8:47 am

    Hi Akash, yes, can enter it.


  9. santosh Says:
    May 16th, 2012
    Posted at: 8:48 am

    Hi CB, Good morning..


  10. CB Says:
    May 16th, 2012
    Posted at: 8:48 am

    Hi santosh, Good morning


  11. Subin Says:
    May 16th, 2012
    Posted at: 8:50 am

    Thanks..can i short orchid chem?if yes target?


  12. nisha Says:
    May 16th, 2012
    Posted at: 8:50 am

    jet airways future I bought it for 330 should I keep it or sell with a loss at 295


  13. CB Says:
    May 16th, 2012
    Posted at: 8:53 am

    Hi Subin, its corrected quite a bit. not sure of shorting it as of now

    Hi nisha, does have strong support near 280. hold for now. if possible hedge with a pe.


  14. rishu Says:
    May 16th, 2012
    Posted at: 8:53 am

    Good morning


  15. Karan Sharma Says:
    May 16th, 2012
    Posted at: 8:54 am

    Hi,

    Bought Reliance (Futures 1 lot) @ 690/-. Plz tell what to do?


  16. Thamilarasan Says:
    May 16th, 2012
    Posted at: 8:54 am

    Hi CB Good morning Where is going on IVRCL

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