Quotes with Resistance & Support
Market Information

Intraday calls for 24-05-16

Posted on: May 24th, 2016 at 8:32 am

Markets likely to open flat. Support for Nifty is at 7700 and resistance at 7820. Bank Nifty has support at 16150 and resistance at 16550.

Sell Apollo Tyres below 149, target: 144. Stoploss: 152.50 – (Exit from Apollo Tyres at 147.80)

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112 Responses

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  1. harshal Says:
    May 24th, 2016
    Posted at: 12:12 pm

    Hi CB Sir, I have SpiceJet small qty at 84. Can i short sell at cmp around 69. Or is it already oversold now? Any chances of falling further today or tommorow?


  2. nik Says:
    May 24th, 2016
    Posted at: 12:22 pm

    hi CB sir, ur view on jsw steel for intraday should i sell at 1317


  3. Ajith Says:
    May 24th, 2016
    Posted at: 12:23 pm

    Holding vedanta, your views plzzzz


  4. APOORV Says:
    May 24th, 2016
    Posted at: 12:23 pm

    HELLO CB SIR, WHATS THE INTRADAY VIEW ON IDEA CELLULAR LTD. MACD SHOWS DIVERGENCE AND ALSO THE RSI REBOUNDED ON FROM THE PREVIOUS BREAKOUT


  5. CB Says:
    May 24th, 2016
    Posted at: 12:42 pm

    Hi APOORV, yes, does look weak. can test 105.5 it seems

    Hi Ajith, its going a bit weak with markets. if possible hold for short term. once markets settle a bit, will bounce back. dont add more yet

    Hi nik, not yet. has support near 1310

    Hi harshal, exit 50% for now. shall add again on dips

    Hi harry, can test 141


  6. harshal Says:
    May 24th, 2016
    Posted at: 12:46 pm

    Ok Sir, thank you. Please guide on LT. Holding at 1300. Shall i sell and re-enter at lower price?


  7. trade4444 Says:
    May 24th, 2016
    Posted at: 12:46 pm

    Dear CB,

    Pls advise one from the below-

    Exide Industries
    PowerGrid
    VIP Industries

    for 3 months horizon.

    Thanks


  8. APOORV Says:
    May 24th, 2016
    Posted at: 12:47 pm

    THANK YOU CB SIR


  9. CB Says:
    May 24th, 2016
    Posted at: 12:51 pm

    Hi APOORV, most welcome

    Hi trade4444, exide above 155, can test 162. powergrid is near resistance of 150. avoid for now. not sure of vip

    Hi harshal, its a hold. exit 50% if Nifty breaks 7700 (spot)


  10. CB Says:
    May 24th, 2016
    Posted at: 12:51 pm

    ill be back in some time


  11. APOORV Says:
    May 24th, 2016
    Posted at: 1:07 pm

    SIR ANY CALL ON SBI...RESULTS WILL BE WEAK...AND LOOKS TO BE IN A STRONG DOWNTREND ON INTRADAY BASIS


  12. NITIN Says:
    May 24th, 2016
    Posted at: 1:27 pm

    Hi CB, My Broker Advise me for NIFTY CALL (7800) at CMP for BTST. Any Suggestion?
    They are very strong on this recommendation.
    Any THought on this.


  13. harshal Says:
    May 24th, 2016
    Posted at: 2:06 pm

    Hi Sir, please suggest if I shall exit from Apollo tyres. Have shorted at 148.30 for intra.


  14. Rbp Says:
    May 24th, 2016
    Posted at: 2:45 pm

    Hello Sir,

    I am holding 2 lots of Power Grid @ 148. Should I hold or book loss?

    Regards,
    Arpit


  15. PCS Says:
    May 24th, 2016
    Posted at: 2:47 pm

    CB Sir, what is your view on Force Motors, Sir Plz give replay.


  16. anbu Says:
    May 24th, 2016
    Posted at: 2:47 pm

    Hi CB, There was a huge block deal in airtel this afternoon. How to know if it is a sell/buy deal intraday.?
    thank you.

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