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

    HI CB/KARTIK,
    ANY BTST?


  2. Akshay Says:
    May 26th, 2010
    Posted at: 3:07 pm

    Pls karthik give me 1-2 weeks target of techmahindra.


  3. Kartik Says:
    May 26th, 2010
    Posted at: 3:08 pm

    Hi DS, its a small bounce that a stock gives after being a downtrend for quite some time, after the bounce, the stock continuous to trade lower

    Hi tanu, it looks weak below 1200, hold it for some more time

    Hi varun soni, you may enter it for Short term at cMP


  4. Shads Says:
    May 26th, 2010
    Posted at: 3:08 pm

    Hi Kartik, Do you think market will be in green tomorrow as well..


  5. Kartik Says:
    May 26th, 2010
    Posted at: 3:08 pm

    Hi Vishal, wait for it to settle for 2-3 days time

    Hi Akshay, around 660

    Hi ARIJIT, not yet


  6. rashid Says:
    May 26th, 2010
    Posted at: 3:09 pm

    can i buy nifty


  7. Kartik Says:
    May 26th, 2010
    Posted at: 3:09 pm

    Hi Shads, cant be sure as of now, but it seems that we might open up


  8. Akash Says:
    May 26th, 2010
    Posted at: 3:09 pm

    Hi Kartik, see now Zydus is going up once it is sold for me in loss.. :(

    Shud I buy this and sell RNRL? RNRL now 50.75. Big loss here also :(


  9. Kartik Says:
    May 26th, 2010
    Posted at: 3:09 pm

    BTST NOT ALLOWED TODAY, COZ OF SETTLEMENT HOLIDAY TOMORROW


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

    Hi Kartik JP Infra Tech. Should I buy at CMP 80.7 for BTST


  11. tuff money Says:
    May 26th, 2010
    Posted at: 3:10 pm

    i pickedup 4900pe at 25 re. its 18 now. should i book loss or hold?


  12. VBC Says:
    May 26th, 2010
    Posted at: 3:10 pm

    Hi Kartik can i buy indiabulls financial service at cmp?


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

    Hi Akash, hmm, dont re-enter RNRL

    Hi VBC, dont enter it yet

    Hi tuff money, exit from it

    Hi Subhashis, BTST is not allowed today


  14. DS Says:
    May 26th, 2010
    Posted at: 3:12 pm

    Dear Folks,

    There is wide speculation going on that markets are rising only because of short covering before may expiry....and by mid june markets will see new lows....anyone got any dis/similar views ...pls be kind enough to share the same


  15. Kartik Says:
    May 26th, 2010
    Posted at: 3:12 pm

    Hi Janvi, sorry, didnt' mange to read your comment earlier :), try holding for 2-3 days time, since GLobal markets seem to recover


  16. vinod Says:
    May 26th, 2010
    Posted at: 3:12 pm

    Kartik u missed my query of Suzlon ..............Pls tell me what to do ?

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