Quotes with Resistance & Support
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Intraday calls for 26-05-10

Posted on: May 26th, 2010 at 8:21 am

Markets likely to open slightly higher. Resistance for nifty is at 4880 and support at 4780.

Buy Redington India Ltd at 391.10, target: 405. Stoploss: 384 – (book profits at 402)
Buy Mahanagar Telephone Nigam Ltd (MTNL) at 55.90, target: 58. Stoploss: 54.50

BTST NOT ALLOWED TODAY. THAT IS, STOCKS BOUGHT TODAY CANNOT BE SOLD TOMORROW – MARKETS WILL TRADE AS NORMAL

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648 Responses

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  1. viji Says:
    May 26th, 2010
    Posted at: 3:00 pm

    At what nifty level i can buy stocks in cash mkt...how abt mkt in coming days


  2. GURU Says:
    May 26th, 2010
    Posted at: 3:01 pm

    what do you think of piramal helth it is up more then 6% ..


  3. Kartik Says:
    May 26th, 2010
    Posted at: 3:01 pm

    Hi siraj, hold it tilll tomorrow, with a trailng SL at 4900

    Hi GURU, most welcome

    Hi vinod, it shall see some recovery in the Mid run, as Realty stocks seem to trade weak as of now

    Hi Subhashis, hold it for some more time

    Hi rashid, exit from it


  4. Khan Says:
    May 26th, 2010
    Posted at: 3:01 pm

    HI CB , Why JPinfra is going down where others are getting up? Any spesific reason?


  5. Akash Says:
    May 26th, 2010
    Posted at: 3:02 pm

    Hi Kartik, it is at my buy price now.. I will pay brokerage as loss now.. (if it trades at same price otherwise more loss). I shud hv sold at 472 :(


  6. Deepak7791 Says:
    May 26th, 2010
    Posted at: 3:03 pm

    Lookks like Maruti Will close above 1200. Does it mean its now become strong and will higher tomorrow around 1240 levels?


  7. Kartik Says:
    May 26th, 2010
    Posted at: 3:04 pm

    Hi viji, you start buying in small quantities at current levels

    Hi GURU, yes, it saw some downside in the past few days, and is seeing a pullback due to the Buzz on it, it shall perform well in the Short run

    Hi Vishal, dont enter it yet


  8. Subhashis Says:
    May 26th, 2010
    Posted at: 3:04 pm

    Hi Kartik. Can I buy JPInfratec at CMP for BTST?


  9. varun soni Says:
    May 26th, 2010
    Posted at: 3:04 pm

    cn i buy tata steel shares?


  10. viji Says:
    May 26th, 2010
    Posted at: 3:04 pm

    thanks karthik


  11. Kartik Says:
    May 26th, 2010
    Posted at: 3:05 pm

    Hi Akash, hmm, it was expected to move with the Markets, hold it for some more time

    Hi Khan, Realty stocks have been facing some selling pressure for the past few days, also Jp Infra seemed overpriced at its listing


  12. tanu Says:
    May 26th, 2010
    Posted at: 3:06 pm

    Hi kartik,
    whats ur call on maruti..how much more downside..?? what price should i average out?


  13. Janvi Says:
    May 26th, 2010
    Posted at: 3:06 pm

    Sir ji...Did and one used FEVI QUICK ON MTNL.. :D


  14. Shads Says:
    May 26th, 2010
    Posted at: 3:06 pm

    Hi Ravii, It seems unlikey.


  15. Vishal Says:
    May 26th, 2010
    Posted at: 3:07 pm

    Hi CB, What price can i enter Grasim


  16. vinod Says:
    May 26th, 2010
    Posted at: 3:07 pm

    Kartik ,I am having Suzlon @59 for daytrdading shall I sell it off or take delivery ?

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