Quotes with Resistance & Support
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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. CB Says:
    May 22nd, 2012
    Posted at: 9:04 am

    Hi Akash, no


  2. Siddharth Says:
    May 22nd, 2012
    Posted at: 9:04 am

    Hi CB, whats ur view of ICICI & Axis bank?


  3. Akash Says:
    May 22nd, 2012
    Posted at: 9:05 am

    Hi CB, Ok. Then below 60? Also, at what price I can buy 5000 CE again. I still have a lot to recover. :(


  4. Rise Says:
    May 22nd, 2012
    Posted at: 9:06 am

    sir wer to exit 5000ce....??


  5. CB Says:
    May 22nd, 2012
    Posted at: 9:07 am

    Hi Siddharth, technically are looking weak. likely to see selling pressure on rise


    Hi Akash, not sure yet

    Hi Rise, book near 4940-4950


  6. Karan Sharma Says:
    May 22nd, 2012
    Posted at: 9:08 am

    Hi,

    Can i buy HDIL and REC (Futures) @ CMP?? Plz tell.


  7. sona Says:
    May 22nd, 2012
    Posted at: 9:08 am

    Hi CB....how IT sectors r going to perform 2day...specially WIPRO & INFY


  8. CB Says:
    May 22nd, 2012
    Posted at: 9:09 am

    Hi Karan Sharma, hdil looks better

    Hi sona, technically these are going weak


  9. Akash Says:
    May 22nd, 2012
    Posted at: 9:10 am

    Hi CB, So Market can see 5100+ by expiry?


  10. vishal Says:
    May 22nd, 2012
    Posted at: 9:10 am

    want to short tata motors agressively close to 270 272 levels, for a target close to 220-230 in days to come, is it a right trade?


  11. CB Says:
    May 22nd, 2012
    Posted at: 9:10 am

    Hi Akash, not sure

    Hi vishal, yes. can go short on rise


  12. Siddharth Says:
    May 22nd, 2012
    Posted at: 9:11 am

    Can i Buy SBI today?


  13. CB Says:
    May 22nd, 2012
    Posted at: 9:12 am

    Hi Siddharth, no, dont make a fresh entry now.


  14. Bhima Says:
    May 22nd, 2012
    Posted at: 9:13 am

    Dear CB... Gud mng

    I have IDFC & Nifty calls, Shall i exit in early minits or wait some more time???


  15. vinod Says:
    May 22nd, 2012
    Posted at: 9:14 am

    Thank you CB.


  16. Akash Says:
    May 22nd, 2012
    Posted at: 9:14 am

    Hi CB, I guess 5000 CE will open above 50. I sold at 36 only :(

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