Quotes with Resistance & Support
Market Information

Intraday calls for 24-05-10

Posted on: May 24th, 2010 at 8:19 am

Markets likely to see a gap up opening. Resistance for nifty is at 5000 and support at 4850

Buy Allahabad Bank at 156.75, target: 162. Stoploss: 153
Buy Dewan Housing at 219.85, target: 227. Stoploss: 214. (book at 225)

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616 Responses

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  1. Ram M Says:
    May 24th, 2010
    Posted at: 12:30 pm

    Hi CB. Its safe to hold nifty shorts na?


  2. rameshbhole Says:
    May 24th, 2010
    Posted at: 12:30 pm

    OK THANKS


  3. kaushik Says:
    May 24th, 2010
    Posted at: 12:31 pm

    Hello CB sir

    Is there a break out of Divis lab ? If yes what would be the correct price of exit?
    Please advise
    Thank you.


  4. CB Says:
    May 24th, 2010
    Posted at: 12:31 pm

    Hi VBC, hold it. keep sl at 5000

    Hi Ram M, yes, hold it

    Hi rameshbhole, most welcome.

    Hi kaushik, yes,looks good. can see 735.


  5. Gitanjali Says:
    May 24th, 2010
    Posted at: 12:32 pm

    Hi Gitanjali, I read yr reply ...Can I short suzlon futures' please


  6. Kb Says:
    May 24th, 2010
    Posted at: 12:32 pm

    Hi CB, cb, how europe opend & wht will be the effect on nifty ?? can we see profit booking?


  7. NSE_Trader Says:
    May 24th, 2010
    Posted at: 12:32 pm

    hi CB,
    shall i short minifty at 5030
    thanks


  8. CB Says:
    May 24th, 2010
    Posted at: 12:33 pm

    Hi Gitanjali, no, dont go short in futures yet

    Hi Kb, they opened slightly higher.

    Hi NSE_Trader, yes.


  9. CB Says:
    May 24th, 2010
    Posted at: 12:34 pm

    Hi nv, around 162.


  10. Gitanjali Says:
    May 24th, 2010
    Posted at: 12:34 pm

    Hi CB, OK Thanks ..Can i short ... noida toll plz?


  11. Lata Says:
    May 24th, 2010
    Posted at: 12:35 pm

    hi chirag, mkt 300+ but zandu is gone down, why so... will it bounce back and wht can be its today's target...


  12. CB Says:
    May 24th, 2010
    Posted at: 12:36 pm

    Hi Gitanjali, if markets see some selling pressure, one can short it

    Hi krishna, hold it. can see 250

    Hi Lata, yes. seeing some profit booking. today may remain a bit flat it seems.


  13. Khan Says:
    May 24th, 2010
    Posted at: 12:36 pm

    Hi CB, What is your view about JP infra & SJVN?


  14. Ankur Says:
    May 24th, 2010
    Posted at: 12:36 pm

    I have bought ITC at 272 today.What should be my SL and target for one week and one month time.


  15. Kb Says:
    May 24th, 2010
    Posted at: 12:38 pm

    Hi Gitanjali, Cb .. how will be shorting NIRMA ?? for intraday..


  16. CB Says:
    May 24th, 2010
    Posted at: 12:39 pm

    Hi Khan, sjvn is a good bet for med term. can add 25-30%. jp may remain a bit flat.

    Hi Ankur, can see 275. keep sl near 270

    Hi indian, in a weeks time.

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