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

    Hi rahul, its already trading very low. dont sell it now


    Hi nithin2009, patel has strong support at 132. if holds onto it can add 4-5rs. balrampur may remain a bit weak

    Hi ras, no, not yet.


  2. Akash Says:
    May 23rd, 2011
    Posted at: 8:57 am

    Hi CB, GM. Shud I hold 5800 CE or buy Wanbusy at CMP for a week hold>


  3. ras Says:
    May 23rd, 2011
    Posted at: 8:58 am

    Hi rahul, u will hardly get 7 rs per lot,by blocking 20000 rs per lot


  4. CB Says:
    May 23rd, 2011
    Posted at: 8:58 am

    Hi Vishal, if it breaks 365, exit 50% for now.


  5. Guru Says:
    May 23rd, 2011
    Posted at: 8:59 am

    Good morning CB.. At what level can we buy Divis lab, pl suggest..


  6. CB Says:
    May 23rd, 2011
    Posted at: 8:59 am

    Hi Akash, Good morning. exit from ce for now. wanbury if holds onto 34, one can go long.


  7. CB Says:
    May 23rd, 2011
    Posted at: 8:59 am

    Hi Guru, Good morning. enter if holds onto 720-723 after opening.


  8. GODSE Says:
    May 23rd, 2011
    Posted at: 8:59 am

    Hi rahul, whether it's pe r ce ,selling which u dont hav is short selling


  9. ras Says:
    May 23rd, 2011
    Posted at: 9:00 am

    may i buy put,,have to recover huge loss


  10. Anil Says:
    May 23rd, 2011
    Posted at: 9:01 am

    GM CB,

    If i hold ITC for 2-3 days will it recover or exit even with loss today??


  11. JR Says:
    May 23rd, 2011
    Posted at: 9:02 am

    Should i short LT for intraday...


  12. sourabh Says:
    May 23rd, 2011
    Posted at: 9:03 am

    CB sir Gud Mrng...
    SBI for intraday...buy or Short...


  13. CB Says:
    May 23rd, 2011
    Posted at: 9:03 am

    Hi ras, nifty has been moving in a small 150 point range since long. lets wait for a breakout on either sides

    Hi Anil, yes, hold it. its a safe bet. if possible hedge with a put

    Hi Akash, yes, lets wait for now.

    Hi JR, no, not yet.


  14. CB Says:
    May 23rd, 2011
    Posted at: 9:04 am

    Hi sourabh, Good morning. it does look weak. if breaks 2300 one can short.


  15. nithin2009 Says:
    May 23rd, 2011
    Posted at: 9:06 am

    cb..i hav 1000triveni @38...and 300anant [email protected] in loss...can both recover my loss??


  16. Anil Says:
    May 23rd, 2011
    Posted at: 9:06 am

    Hi CB, Thanks CB.. Canw e short AXIS, ICICI, JSWSTEEL and RELCAPITAL for intraday??

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