Quotes with Resistance & Support
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Intraday calls for 20-05-10

Posted on: May 20th, 2010 at 8:25 am

Markets likely to see a flat opening. Support for nifty is at 4850 and resistance at 5000.

Buy Supreme Infrastructure India Ltd at 206-209, target: 218. Stoploss: 201.
Buy Jindal Steel & power at 612-615, target: 632. Stoploss: 600

Jai Crop ltd has made a triple bottom formation at 224. if holds onto this level for some time, one can enter for a target of 235. Strict sl 220. a break below 224 can take it lower to 200 in coming days.

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649 Responses

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  1. CB Says:
    May 20th, 2010
    Posted at: 10:44 am

    Hi suhas, as of now in small quantity

    Hi Gitanjali, has support near 37


  2. Shipra Says:
    May 20th, 2010
    Posted at: 10:45 am

    Hi Cb..sorry but i did not understand ur reply in quries section regarding ACC...
    do u mean to say that i should hold it?
    my buy price is 877..and i can hold it for 2 weeks..will it manage to make to this price in 2 weeks? plz sggest?


  3. CB Says:
    May 20th, 2010
    Posted at: 10:46 am

    Hi Shipra, yes, hold it. markets have come down quite a bit and can see some bounce.


  4. Shipra Says:
    May 20th, 2010
    Posted at: 10:47 am

    Ok..Cb...thanks a lot :)


  5. Gitanjali Says:
    May 20th, 2010
    Posted at: 10:48 am

    Hi CB, Thanks a lot for both yr replies..


  6. Mac Says:
    May 20th, 2010
    Posted at: 10:49 am

    I have 4000 Renuka [email protected]............... When can we expect to reach 58..I have this week with me..


  7. CB Says:
    May 20th, 2010
    Posted at: 10:49 am

    Hi Shipra, most welcome.


  8. seshu Says:
    May 20th, 2010
    Posted at: 10:49 am

    Most of stocks like icsa, psl, bharti, aptech etc are 30% down. Is it good to average now ? or booking loss and buy at dips is a good strategy?


  9. CB Says:
    May 20th, 2010
    Posted at: 10:49 am

    Hi Gitanjali, most welcome

    Hi Mac, yes. hold it for a week.


  10. CB Says:
    May 20th, 2010
    Posted at: 10:50 am

    Hi ARIJIT, can see 309

    Hi seshu, no, dont avg yet. wait for some time. if they come down by another 3-5% one can avg them


  11. sunil Says:
    May 20th, 2010
    Posted at: 10:50 am

    cb wat is the support level for satyam comp can i buy at cmp for a month


  12. CB Says:
    May 20th, 2010
    Posted at: 10:51 am

    Hi sunil, has some support near 80. can see 90


  13. CB Says:
    May 20th, 2010
    Posted at: 10:52 am

    ill be back in 1 hour.


  14. sandy Says:
    May 20th, 2010
    Posted at: 10:58 am

    what do you think about investing in ispat ind for 6 months period with cmp 17.70/-


  15. vinod Says:
    May 20th, 2010
    Posted at: 11:01 am

    HI CB,Good Morning ……..
    Bought SJVN @ 25.10 now coming down shall I hold or exit in intraday ?


  16. nik Says:
    May 20th, 2010
    Posted at: 11:03 am

    hi cb gm. i wanted to know one thing whats wrong with educomp sol y its going so much down from 720 its has given a steep fall upto 540. is there something wrong with this company?

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