Quotes with Resistance & Support
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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. ttsathya Says:
    May 23rd, 2011
    Posted at: 8:47 am

    Sir bt ITC fut @190.6.Pl advice


  2. CB Says:
    May 23rd, 2011
    Posted at: 8:47 am

    Hi SS, hindalco looks weak. seems can correct further. pnb has support at 1020. if holds onto it, can see some bounce

    Hi sanzy, no, dont long these yet

    Hi harshal, yes, hold it. does look strong. can head upto 105-110

    Hi cvrprakash, Good morning. it will get squared of automatically on the day of expiry. if it goes to zero, you will get all the profit.


  3. CB Says:
    May 23rd, 2011
    Posted at: 8:48 am

    Hi MICKY, Good morning. hindalco looks weak. idfc can be bought on dips. don't enter others yet

    Hi ttsathya, if possible hedge with a 180 put for now.


  4. MICKY Says:
    May 23rd, 2011
    Posted at: 8:49 am

    hey thnxs and howz HDIL


  5. MURUGAN Says:
    May 23rd, 2011
    Posted at: 8:50 am

    good morning cb please tell me can i enter parabolic drugs suzlon to day


  6. cvrprakash Says:
    May 23rd, 2011
    Posted at: 8:50 am

    CB,

    Any CA you can suggest us to sell if it gives any bounce??? For a gain during expire?


  7. CB Says:
    May 23rd, 2011
    Posted at: 8:51 am

    Hi MICKY, most welcome. hdil looks good

    Hi MURUGAN, Good morning. parabolic may remain flat. suzlon has support at 50. if holds onto it, can see a bounce

    Hi cvrprakash, sure, one can sell 5600 ce.


  8. MICKY Says:
    May 23rd, 2011
    Posted at: 8:52 am

    cb also tell me can we short burger with two three points up


  9. ridam Says:
    May 23rd, 2011
    Posted at: 8:52 am

    Dear CB, I am holding HANUNG @ 204 @ AHMEDFORG @135. Pl. suggest what to do? Thanks..


  10. nattubhai Says:
    May 23rd, 2011
    Posted at: 8:53 am

    can nila infra bought at current rate for 1 yr


  11. CB Says:
    May 23rd, 2011
    Posted at: 8:54 am

    Hi MICKY, no, not yet

    Hi ridam, if possible exit 50% of hanung for now. seems can fall further, one can add again on dips. ahmed forging is a hold with sl at 110 below this exit 50% from it too


  12. CB Says:
    May 23rd, 2011
    Posted at: 8:54 am

    Hi nattubhai, yes, its a good long term bet.


  13. rahul Says:
    May 23rd, 2011
    Posted at: 8:54 am

    hi,
    can i sell nifty 5700 ce. and I am not purchasing it?. will I make good profit or the board will block my margin money like short sell?
    please explain me


  14. nithin2009 Says:
    May 23rd, 2011
    Posted at: 8:54 am

    cb....patel engg today's intraday tgt...also balrampur intraday range pls??


  15. ras Says:
    May 23rd, 2011
    Posted at: 8:55 am

    may i enter a call


  16. Vishal Says:
    May 23rd, 2011
    Posted at: 8:56 am

    Hi CB, Holding ARSS @600 levels.. Should i exit it now and enter again at lower level

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