Quotes with Resistance & Support
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Intraday calls for 17-05-2012

Posted on: May 17th, 2012 at 8:28 am

Markets likely to open slightly higher. Support for nifty is at 4820.

Buy Mahindra & Mahindra above 658, target: 672. Stoploss: 647 – (sl triggered in M&M)

Won’t be able to reply to queries today as I facing internet related issues.

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492 Responses

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Comment pages: 232425262728293031Show all

  1. Deepak Bedi Says:
    May 17th, 2012
    Posted at: 7:32 pm

    Hi SM... Your call on LT a few days back was spot on... as always... :) Exited my PE's on open with a small loss.

    I'm not an expert on charts but got a mailer from one of my subscription lists which says that the auto index is showing weakness and could head lower... Also Bajaj Auto was due with results today... So bought Bajaj Auto May 1550 PE (2 lots) @ 27... Just before closing the share dipped and the PE jumped to abt 35 - 40 levels. I didn't clear as I was out. Can you please have a look and let me know your views on the Bajaj Auto stock for the next few days? And what should be my exit and stop loss levels?


  2. Name (required) Says:
    May 17th, 2012
    Posted at: 7:42 pm

    I AM HODING m&m WHEN THE PRICE REACH 675 BY YOGANANTHAM


  3. SK Says:
    May 17th, 2012
    Posted at: 7:50 pm

    Hi cb sir, i bought May fut.@1152. What i do? Axisbank tomorrow target?


  4. ssv Says:
    May 17th, 2012
    Posted at: 7:57 pm

    Hi CB sir , Good evening.


  5. Sohan Says:
    May 17th, 2012
    Posted at: 7:59 pm

    Hello CB,

    Good evening to you and all on forum.

    Seems there was some issue with internet. I hope it is resolved.

    Can you please let me know about indosolar. My query at 12:15 today.

    Sohan


  6. Gitanjali Says:
    May 17th, 2012
    Posted at: 8:00 pm

    Hi SM, Thanks a lot for your kind reply..I had hedged yesterday and booked out in time ..Now waiting for the 8 oclock bell,,!!!


  7. Gitanjali Says:
    May 17th, 2012
    Posted at: 8:19 pm

    Hi CB, Hi SM, Hi Ham, NG Getting close to LC!!!Can u believe that!!


  8. AT Says:
    May 17th, 2012
    Posted at: 8:35 pm

    CB,
    holding bhel 210 ce......in huge loss....wat to do


  9. tuff money Says:
    May 17th, 2012
    Posted at: 9:02 pm

    Hi cb,

    you must have airtel internet to be facing internet problems :D

    If tomorrow we open a little lower - tomorrow being friday around 4830-4840 levels, can i go long expecting a short cover.. any stoploss or entry or would you advice staying out of this? i want to take RIL / Nifty longs


  10. Kartik Says:
    May 17th, 2012
    Posted at: 9:06 pm

    Hi SK, banking stocks look weak, would be better to exit and enter a PE to hedge

    Hi ssv, GE

    Hi Sohan, GE, Yes, indosolar has been trading weak technically, would advice to wait for some more dip (fundamentally is a strong bet for long term )

    Hi Gitanjali, Ge Yes..

    Hi AT, exit from it, seems to have broken strong support of 208 today

    Hi tuff money, Ge, Yes, can be a risky bet to go long, wait for some more dip


  11. chowdary Says:
    May 17th, 2012
    Posted at: 9:07 pm

    sry for the same question again...but am asking weather we can compare the koutons and pantaloons at this point of tyme for long run ..IE; can pantaloon go tht worst like koutons..can you plz advice by seeing the eraning & p/l...thnx in advance


  12. Kartik Says:
    May 17th, 2012
    Posted at: 9:09 pm

    Hi chowdary, faces strong support at 128, if broken can see around 105 levels within a couple of weeks


  13. Ham Says:
    May 17th, 2012
    Posted at: 9:11 pm

    Hi Gitanjali, Good evening...... Yes,
    Congratulations !!! Its trading at 137 right now. As per charts, its in downtrend and can keep a tight stoploss near 141.50...... Plz kindly check the below links for updates.....


    Natural Gas Bear Market Will End But Not All Players Will Survive

    http://www.benzinga.com/markets/futures/12/05/2594893/natural-gas-bear-market-will-end-but-not-all-players-will-survive


    9 commodities you should trade today: Geojit

    http://www.moneycontrol.com/news/brokerage-recos-commodities/9-commodities-you-should-trade-today-geojit_705706.html


    http://www.commodityonline.com/commodity-market/commodity-prices/natural%20gas

    http://www.moneycontrol.com/commodity/naturalgas-price.html

    http://www.moneycontrol.com/commodity/naturalgas-price.html

    http://www.livecharts.co.uk/LongTerm/natural_gas_chart.php

    http://www.livecharts.co.uk/LongTerm/natural_gas_chart.php


  14. Ham Says:
    May 17th, 2012
    Posted at: 9:12 pm

    Hi Kartik,
    Good evening Kartik :)


  15. Kartik Says:
    May 17th, 2012
    Posted at: 9:14 pm

    Hi Ham, GE, thanks for the updates


  16. Ham Says:
    May 17th, 2012
    Posted at: 9:19 pm

    Hi Kartik,
    Always welcome Bro and thanx a lot for permitting me to share the info :)
    Thank u :)

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