Quotes with Resistance & Support
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Intraday calls for 18-05-16

Posted on: May 18th, 2016 at 8:25 am

Markets likely to open slightly lower. Support for Nifty is at 7870 and resistance at 7920 (closing basis). Bank Nifty has support at 16500 and resistance at 17050.

No pre-market call for today.

9.22am – Buy Coal India at 283.80, target: 289. Stoploss: 280.50 – (Exit from Coal India at 284.10)

3.10pm – BTST – Buy Lupin at 1635, target: 1660. Stoploss: 1620

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147 Responses

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Comment pages: 2345678910Show all

  1. Soma Says:
    May 18th, 2016
    Posted at: 6:31 pm

    Sir suggest me nifty future for positional trade


  2. Soma Says:
    May 18th, 2016
    Posted at: 6:32 pm

    Pls suggests me interday crude oil


  3. Monisha Says:
    May 18th, 2016
    Posted at: 7:02 pm

    Canara bank short at 177 still having what can do please give some idea to exit at minimam loss please


  4. lokesh Says:
    May 18th, 2016
    Posted at: 7:31 pm

    thanks and good night..


  5. umar Says:
    May 18th, 2016
    Posted at: 8:43 pm

    Hi CB,

    Request you to suggest 4-5 mutual funds which can be entered now with 3 years target which can give decent returns.


  6. man Says:
    May 18th, 2016
    Posted at: 9:03 pm

    hi,Coal India 290 ce holding should i exit tomorrow or hold.


  7. CB Says:
    May 18th, 2016
    Posted at: 9:12 pm

    Hi man, its a hold. can test 289. sl near 278

    Hi umar, I did reply earlier. can go with reliance banking fund, L&T midcap fund and SBI pharma fund

    Hi lokesh, most welcome. Good night

    Hi Monisha, its a hold. if possible hedge with a 190ce for now.

    Hi Soma, not really sure about commodities


  8. CB Says:
    May 18th, 2016
    Posted at: 9:12 pm

    Hi Soma, nifty can test 8000 in coming days. sl at 7800 (spot)


  9. Monisha Says:
    May 18th, 2016
    Posted at: 9:25 pm

    Ok thank u sir


  10. umar Says:
    May 18th, 2016
    Posted at: 9:28 pm

    Thank you CB


  11. Harshal Says:
    May 18th, 2016
    Posted at: 10:05 pm

    Hi Sir, pls suggest target for bhel, Gail and motherson sumi for tomorrow. Holding all of these at 122, 390 and 252 respectively. I have booked partial profits in motherson. Please suggest the stoploss and book profit/loss value price for all.


  12. S v prakash Says:
    May 18th, 2016
    Posted at: 10:40 pm

    Hi sir please suggest me about motherson sumi


  13. CB Says:
    May 19th, 2016
    Posted at: 7:34 am

    Hi Monisha, most welcome

    Hi S v prakash, it has strong support at 270. can bounce back from here. possibly upto 300

    Hi Harshal, bhel we may have to hold a bit longer. gail is going strong. can test 410 in coming days. motherson has strong support at 270. can bounce back from here. possibly upto 300

    Hi umar, most welcome


  14. Harshal Says:
    May 19th, 2016
    Posted at: 8:24 am

    Ok. Thank you Sir. Can I add more of motherson sumi near 270? Also holding ucal and Vedanta at 112 and 106. How much can these test this week? Can I average Vedanta near 98-99 levels?


  15. CB Says:
    May 19th, 2016
    Posted at: 8:31 am

    Hi Harshal, most welcome. no, dont add more of these yet. best to hold for now. vedanta too is a hold. dont add more


  16. Soma Says:
    May 19th, 2016
    Posted at: 2:31 pm

    What to do nifty option 7900ce ?

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