Quotes with Resistance & Support
Market Information

Intraday calls for 23-05-12

Posted on: May 23rd, 2012 at 8:25 am

Markets likely to open flat. Support for nifty is at 4820 and resistance at 4940

Sell Tata steel at 399, target: 389. Stoploss: 406 – (Book profit in Tata steel at 395)
Buy HCL Technologies above 490, target: 502. Stoploss: 482 – (if possible continue to hold hcl tech for 1-2 days.)

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454 Responses

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  1. dak Says:
    May 23rd, 2012
    Posted at: 1:27 pm

    ok - thanks CB. And whats the support & resistance for bank nifty futures today ?


  2. CB Says:
    May 23rd, 2012
    Posted at: 1:28 pm

    Hi dak, resistance near 9350. support is lower at 9100


  3. SaiPalanivel Says:
    May 23rd, 2012
    Posted at: 1:29 pm

    HI Dinesh Kumar,GE. nifty given small bounce back on 1.10 pm level. closing maybe down level. its my view only.


  4. Akash Says:
    May 23rd, 2012
    Posted at: 1:29 pm

    Hi CB, Still holding Berger but it is not moving. Also, time to buy June CE? Or May 4900 CE?


  5. CB Says:
    May 23rd, 2012
    Posted at: 1:29 pm

    Hi Akash, hold for now. no call in options yet.


  6. raja Says:
    May 23rd, 2012
    Posted at: 1:30 pm

    Hi CB, can i buy AXISBANK at 966 for intraday


  7. CB Says:
    May 23rd, 2012
    Posted at: 1:30 pm

    Hi raja, no, not sure of entering it yet.


  8. REEF Says:
    May 23rd, 2012
    Posted at: 1:30 pm

    Hi CB, Holding 4800 call at 99. Plz suggest should I hold or exit


  9. CB Says:
    May 23rd, 2012
    Posted at: 1:31 pm

    Hi REEF, its a hold with sl at 4810


  10. Akash Says:
    May 23rd, 2012
    Posted at: 1:32 pm

    Hi CB, Ok. Hope it will not go down. As of now just above my buy price (50 paisa up). Will it see 140 in intraday or not?


  11. CB Says:
    May 23rd, 2012
    Posted at: 1:32 pm

    Hi Akash, yes. does look good


  12. CB Says:
    May 23rd, 2012
    Posted at: 1:33 pm

    got to go. will be back by 3pm


  13. SaiPalanivel Says:
    May 23rd, 2012
    Posted at: 1:33 pm

    CB SIR,EUROPE MARKET AVG 1.50% DOWN. NIFTY CLOSING LEVEL YOUR VIEW PLEASE.


  14. chinta Says:
    May 23rd, 2012
    Posted at: 1:41 pm

    Hi CB, At what levels we can enter bharti for short term?


  15. Dinesh Kumar Says:
    May 23rd, 2012
    Posted at: 1:41 pm

    NIFTY touches 4820.. it can fall further...


  16. Dinesh Kumar Says:
    May 23rd, 2012
    Posted at: 1:48 pm

    IF nifty crosses 4810... then it will end up 4770.....

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