Quotes with Resistance & Support
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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. ac Says:
    May 24th, 2010
    Posted at: 3:38 pm

    THANKS CB


  2. CB Says:
    May 24th, 2010
    Posted at: 3:38 pm

    Hi Akash, yes, should see 70


  3. Roze Says:
    May 24th, 2010
    Posted at: 3:38 pm

    Hi CB,

    I have TV18 from long time(8months) but not reaching my cost, i bought it at 160 do you know n e reason to it.

    Do you think i will get my cost in near future or in med term,

    Thanks,


  4. CB Says:
    May 24th, 2010
    Posted at: 3:38 pm

    Hi ac, most welcome.


  5. shiva Says:
    May 24th, 2010
    Posted at: 3:39 pm

    wat abt tvvs electronics bot @ 34


  6. NSE_Trader Says:
    May 24th, 2010
    Posted at: 3:42 pm

    CB, booked 4000 in nifty futures today, sold when u told at 5020
    thanks a lot,


  7. Kb Says:
    May 24th, 2010
    Posted at: 3:43 pm

    Hi CB, Cb .. i wann to see real time nifty volume .. any site .. its not in nse india ..


  8. pratik Says:
    May 24th, 2010
    Posted at: 3:44 pm

    cb plz ans my query..i am in huge loss...what target can century textile fut's
    see by june if i hold it?


  9. DS Says:
    May 24th, 2010
    Posted at: 3:46 pm

    Dear CB,

    Many tks for your advice. So shd cover on mobile around 286 and pantaloons around 372 right?


  10. Kb Says:
    May 24th, 2010
    Posted at: 3:52 pm

    Hi Roze, Buy only in 2/ 3 stages .. soo that u can average it & exit with profit ..


  11. Pradeep Says:
    May 24th, 2010
    Posted at: 3:52 pm

    Thanks CB and Kartik for your support


  12. SABIR Says:
    May 24th, 2010
    Posted at: 3:54 pm

    chirag bhai,

    Still Holding tata steel futures partly, couldn't exit all (exited some at 520, above my buy price of 517) as thought it would reach target of 525-528 but mkts fell later when i was away in a meeting.

    Pls suggest what to do with my current partial holdings (only 2 lots).


  13. CB Says:
    May 24th, 2010
    Posted at: 3:57 pm

    Hi shiva, its a hold. will need to avg near 20

    Hi Akash, dont add more of it now


    Hi NSE_Trader, nice to hear that..

    Hi Kb, no, not sure of any other

    Hi pratik, yes, continue to hold till june. if markets remain a bit weak, can come down further. but overall will recover in short term. if possible hedge with a put for now

    Hi DS, most welcome.. yes..

    Hi Pradeep, most welcome


  14. CB Says:
    May 24th, 2010
    Posted at: 3:57 pm

    Hi Roze, yes, hold it. will recover. if possible add few more of it on dips.


  15. CB Says:
    May 24th, 2010
    Posted at: 3:58 pm

    Hi SABIR, if possible enter a 500 put to hedge your longs for now. has good support near 490


  16. SABIR Says:
    May 24th, 2010
    Posted at: 4:05 pm

    Hi CB, thanks , u mean to buy a put tomorrow morning?At what price? also suggest what price to exit t.steel tomo morning to make minimal loss from it?

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