Quotes with Resistance & Support
Market Information

Intraday calls for 22-05-12

Posted on: May 22nd, 2012 at 8:20 am

Markets likely to open higher. Support for nifty is at 4880 and resistance at 4950.

If markets show weakness later during the day, sell: Wipro below 388, target: 378. Stoploss: 393 – (Book profit in Wipro at 380)

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467 Responses

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  1. cvrprakash Says:
    May 22nd, 2012
    Posted at: 5:02 pm

    Dear CB,

    Thanks for explainig the BAN period.
    Today it came as a shock in between and I was forced to close my position in option.

    Is there any way to know this before so that we can avoid to have positions.


  2. Dilip Says:
    May 22nd, 2012
    Posted at: 5:19 pm

    Hi CB,

    I believe this is a good time for investing for long term. I want to invest around 1.5lakh in market, can you please suggest 3 stocks which can give me good returns down the line...

    Thanks


  3. Nag Says:
    May 22nd, 2012
    Posted at: 5:27 pm

    Hi CB..What about LIC Housing??
    Closed low around 233..hold or exit??


  4. sud Says:
    May 22nd, 2012
    Posted at: 5:32 pm

    Thanks CB as always...


  5. CA.Tejas Says:
    May 22nd, 2012
    Posted at: 6:26 pm

    Rashtriya Ispat Nigam has filed IPO papers with SEBI. Rashtriya Ispat Nigam (RINL)is a state-owned company and will mostly be launching it's first initial public offer (IPO) in financial year 2012-13.

    RINL has filed draft red herring prospectus (DRHP) on May 18th with SEBI stating IPO of 48.898 crore equity shares ( it will be a dilution of 10% equity stake by the GOI).

    This IPO is offering a discount of upto 5% on offer price to retail investors and employees of the company.

    RINL is India's second largest government owned steel company. It has original liquid steel production capacity of 3 mtpa and this capacity will be expanded to 6.3 mtpa by the financial year 2013.

    For the nine months period ended on December 31, 2011 RINL had recorded consolidated PAT of Rs 500.53 crore on total income of Rs 9,408.71 crore.


  6. natasha singh Says:
    May 22nd, 2012
    Posted at: 6:32 pm

    hey,

    so any idea about tomorrows trend?...


  7. CB Says:
    May 22nd, 2012
    Posted at: 6:48 pm

    Hi surya, most welcome

    Hi vinod, you too have a good evening.

    Hi cvrprakash, usually some brokers do provide this data in the software

    Hi Dilip, sure, go with axis bank, bel, ril on dips

    Hi Nag, its a hold for short term. likely to do well

    Hi sud, most welcome

    Hi CA.Tejas, thanks for the update

    Hi natasha singh, as of now seems like a flattish opening. possible see a small bounce.


  8. CA.Tejas Says:
    May 22nd, 2012
    Posted at: 7:01 pm

    How Hero MotorCorp looks on chart... whether it can bought at cmp....

    Whether it creates double bottom chart ? WHat it can be called ?


  9. vikas Says:
    May 22nd, 2012
    Posted at: 7:04 pm

    Hi CB, What about silver is it true it will touch 56k


  10. Dilip Says:
    May 22nd, 2012
    Posted at: 7:25 pm

    Thanks CB...


  11. Sohan Says:
    May 22nd, 2012
    Posted at: 7:42 pm

    Hello CB,

    Good evening.

    My query at 2:47 PM about Glenmark.

    Can you please let me know short term target. Can it see 385 in few days.

    Sohan


  12. SanCheat Says:
    May 22nd, 2012
    Posted at: 7:46 pm

    BHEL would declare their results tomorrow. Whats your call on BHEL?


  13. Subin Says:
    May 22nd, 2012
    Posted at: 7:51 pm

    Sir i have [email protected] call.wht should i do tomorrow hold or sell?target


  14. Kb Trader Says:
    May 22nd, 2012
    Posted at: 8:25 pm

    heyyyyyyy cbbbbbbbbbbb . .. ..


  15. MURUGAN Says:
    May 22nd, 2012
    Posted at: 8:29 pm

    GOOD EVENING CB I HOLD IVRCL INFRA AT 45.50 IT HA GONE DOWN 10% SHALL HOLD IT FOR ONE MONTH OR BOOK LOSS PL.ADVICE


  16. CB Says:
    May 22nd, 2012
    Posted at: 8:34 pm

    Hi CA.Tejas, yes, does have strong support at 1800-1820 levels. can enter in small quantity.

    Hi vikas, no, not really sure about commodities

    Hi Dilip, most welcome

    Hi Sohan, it does look good. can head upto 385-400 in near term

    Hi SanCheat, results are likely to be better. lets see

    Hi Subin, its a hold for now. does have some resistance near 72. above this can see 76

    Hi Kb Trader, Good evening.

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