Quotes with Resistance & Support
Market Information

Intraday calls for 23-05-11

Posted on: May 23rd, 2011 at 8:23 am

Markets likely to open lower. Nifty has support at 5400 and resistance at 5500.

If markets show recovery later during the day, buy: Divi’s laboratories.

12.06pm – Short JP associates (futures) at 79.60, target: 77. Stoploss: 81

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422 Responses

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  1. Shiva Says:
    May 23rd, 2011
    Posted at: 4:12 pm

    bought BHEL @ 1940 ...what to do?


  2. Abdullah Says:
    May 23rd, 2011
    Posted at: 4:19 pm

    Hi thavva, GA :)

    Hi GODSE, GA :) Yes. Actually my charts were not working today. So, the call (JP) of CB/Kartik helped. Done some scalping today with it. Made some profit (howsoever little it may be). But the bottomline is : A profit is a profit. So, yes, I'm GLAD.


  3. vipul Says:
    May 23rd, 2011
    Posted at: 4:29 pm

    Hi CB, Bought ONGC @ 300 ,,,,,,,,,what to do......shall I average or what????


  4. Madhav Says:
    May 23rd, 2011
    Posted at: 5:03 pm

    Hi CB, shall i enter Shalimar Paints tomorrow?

    Madhav


  5. himanshu Says:
    May 23rd, 2011
    Posted at: 5:17 pm

    hey cb.. what abt unitech??
    its trading at yearly low rates
    can it b bullish now??


  6. mohit Says:
    May 23rd, 2011
    Posted at: 5:27 pm

    Hi,
    I am holding tatamotors 1100 pe at 8.50 rs..Can the stock see some more downside 2-3% from current levels, before expiry since it has already fallen a lot?


  7. ranjan Says:
    May 23rd, 2011
    Posted at: 5:31 pm

    hi mukesh dont put useless comment


  8. Lalith Says:
    May 23rd, 2011
    Posted at: 5:32 pm

    Alka securities, can someone advise if it has chances of recovery may be after 100 years atleast ??


  9. r h Says:
    May 23rd, 2011
    Posted at: 6:02 pm

    Sir , i bought LT 1650 CE at 15 rs now it has come down to 11 rs., Please suggest should i hold or exit ? will LT go up tomorrow or will be in down trend ?


  10. Kartik Says:
    May 23rd, 2011
    Posted at: 6:28 pm

    Hi anil, not sure why it has been seeing selling pressure lately, below 180 it looks weak

    Hi Abdullah, :)

    Hi Gitanjali, most welcome

    Hi ARIJIT, most welcome

    Hi Manish, dont avg it yet, hold it for Short/Mid term as of now

    Hi sourabh, Axis bank, Confidence Petro, HDIL, Nila Infra, Balmer Lawrie are good bets

    Hi Ary, the Options in the Money are the most active ones, tough the higher ones (eg: 5600, 5800 PE's), can add some gains if we continue to slip, their gains will be much lesser as compared to the 5400, 5300 PE's as Nifty is currently near 5400 levels

    Hi thavva, GE, yes, hold it, can add 25-30% tomorrow

    Hi palanivel, Metals might take a while to recover since Markets look weak, Nifty looks weak below 5410

    Hi Shiva, try to exit it on any rise tomorrow

    Hi vipul, hold it for Short term, dont add more yet

    Hi Madhav, no, wait for some time

    Hi himanshu, no, looks weak, wait for some time

    Hi mohit, yes, hold it

    Hi Lalith, has been posting weak results lately, might take a while to recover

    Hi r h, hold it with a SL at 1590


  11. Anil Says:
    May 23rd, 2011
    Posted at: 6:47 pm

    GE CB/Karthik,

    Holding JP Associates short 2 lots @ 79.60, ITC 1 lot short @ 187 and DLF 1 lot short @ 225. Pls advise safe tgt for tomorrow. Bit worried as all are short positions..


  12. cvrprakash Says:
    May 23rd, 2011
    Posted at: 6:55 pm

    Hi Kartik,

    Good Evening. Can you share your view on Ashok Leyland.
    Even today when the market slipped dramatically this stock stood firm.
    Is there now strength in the stock which will take it to 55+??
    How this is for shorting tomorrow?


  13. cvrprakash Says:
    May 23rd, 2011
    Posted at: 7:09 pm

    Kartik,

    I am holding Axis bank @ 1330 levels.
    Today it went below 1200... Can I sell it and cover up @ lower position??
    Do you suggest it?


  14. thavva Says:
    May 23rd, 2011
    Posted at: 7:28 pm

    Hi Kartik, GE, thank you!


  15. himanshu Says:
    May 23rd, 2011
    Posted at: 7:55 pm

    hey kartik.. can u tell how market will react tomorrow?
    will it break downside levels or correction?


  16. Kartik Says:
    May 23rd, 2011
    Posted at: 8:22 pm

    Hi Anil, Dow has been trading weak, we too might open lower, keep a trailing SL at 5350 (since we might open lower)

    Hi cvrprakash, has been reacting to its results, auto stocks are seeing some profit booking, you may go short on it below 50 (strong support), Axis might take some time to recover, enter a PUT to hedge, below 1200 it looks weak

    Hi himanshu, since Dow has been trading weak, we too might open lower

    Hi thavva, GE, most welcome

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