Quotes with Resistance & Support
Market Information

Intraday calls for 29-05-12

Posted on: May 29th, 2012 at 8:26 am

Markets likely to open flat. Support for nifty is at 4950 and resistance at 5050

Buy TVS Motors at 35.50, target: 37.20. Stoploss: 34.60 – (Exit from TVS motors at 35.20)

For a technical view on Nifty, Tata motors, Cairn India and ACC, click here:

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469 Responses

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  1. CB Says:
    May 29th, 2012
    Posted at: 12:43 pm

    Hi shashi, its a hold for short term. usually stays quiet for some time and then shows a good upmove.


  2. zeko Says:
    May 29th, 2012
    Posted at: 12:43 pm

    Hi CB, Do you see Nifty touching resistance and go down later in the day?


  3. piya Says:
    May 29th, 2012
    Posted at: 12:44 pm

    cb....where do u c axis fut heading???


  4. CB Says:
    May 29th, 2012
    Posted at: 12:44 pm

    Hi bk, if possible hedge with a 5000ce for now.

    Hi ARCHANAREDDY, no, as of now none

    Hi zeko, as of now seems can test 5080 in coming days. selling pressure is likely to resume on rise. also depends on outcome of gdp data on thursday


  5. ARCHANAREDDY Says:
    May 29th, 2012
    Posted at: 12:45 pm

    Hi CB, OK SIR...


  6. CB Says:
    May 29th, 2012
    Posted at: 12:45 pm

    Hi piya, if markets remain strong, can test 1055


  7. Vinay Says:
    May 29th, 2012
    Posted at: 12:45 pm

    hello CB sir, i hv been holding 1000 tvs at 35.70..should hold or exit??


  8. CB Says:
    May 29th, 2012
    Posted at: 12:46 pm

    Hi Vinay, yes, hold for some more time.


  9. ani Says:
    May 29th, 2012
    Posted at: 12:46 pm

    Hi CB,

    sir need to invest 10k fr 3-4 days....any stock within 50rs range fr giving a return of 20-30%.....thn i will go fr ce and pe fr jun series....


  10. SUBRAMANI Says:
    May 29th, 2012
    Posted at: 12:46 pm

    THANKSCB,
    I HAVE ICICI 860 CE 3 LOTS AT rS 18 NOW IT IS RS 1.9. WHAT SHALL I DO?
    SHALL I AVERAGE OR SELL IT?


  11. Rajkamal Says:
    May 29th, 2012
    Posted at: 12:46 pm

    Hi CB,

    i asked sometime back can i start accumulating punj lyod in small quantity? plz reply


  12. sandeep Says:
    May 29th, 2012
    Posted at: 12:46 pm

    cb...............Can dr reddys see levels close to 1800 in the next 10-15 days?
    plz reply


  13. ARCHANAREDDY Says:
    May 29th, 2012
    Posted at: 12:46 pm

    Hi CB, MARKET GOING UP.....TARGET


  14. bk Says:
    May 29th, 2012
    Posted at: 12:47 pm

    Cb,

    can i go long in may position or u suggest 5000 call only.


  15. kvk Says:
    May 29th, 2012
    Posted at: 12:47 pm

    HI CB SIR, GOOD MORNING...


  16. CB Says:
    May 29th, 2012
    Posted at: 12:48 pm

    Hi ani, as of now no new call. looking for some

    Hi sandeep, it can test 1750

    Hi ARCHANAREDDY, around 5030

    Hi bk, go with a ce for now.

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