Quotes with Resistance & Support
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Intraday calls for 30-05-11

Posted on: May 30th, 2011 at 8:32 am

Markets likely to open flat. Support for nifty is at 5450 and resistance is higher near 5550 levels.

Buy IRB Infrastructure Developers Ltd at 151.50, target: 155.50. Stoploss: 147

9.33am – buy tata coffee at 845, target: 858. Stoploss: 832 – (book profit at 855-858)

12.24pm – buy jsw steel at 954, target: 968. Stoploss: 942

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441 Responses

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Comment pages: 202122232425262728Show all

  1. Upen Says:
    May 30th, 2011
    Posted at: 11:05 pm

    Today Bank Nifty somewhat helped nifty to sustain above 5450 level. Now Bank Nifty is showing weakness on half hour chart. Both Nifty and Sensex are showing weakness. So tomorrow it is going to be a day for bearts.


  2. Gitanjali Says:
    May 30th, 2011
    Posted at: 11:12 pm

    Hi Kartik, May I kindly have the stop loss for max [long - 173] and dishtv [short - 72.90]
    Thanks.


  3. Upen Says:
    May 30th, 2011
    Posted at: 11:14 pm

    Bank Nifty on 30-minute chart has made quite strong negative divergences with Slow Stochastic and RSI and MACD is pointed downward. On Nifty half-hour chart the negative divergence with RSI and stochastic that was formed in the morning was somewhat aborted. Tomorrow it will show the action and Nifty will have a slide riding.


  4. CB Says:
    May 30th, 2011
    Posted at: 11:17 pm

    Hi CA.Tejas, ok. its likely to be a bit positive for the stock

    Hi Upen, yes. good support at 5450 levels. its possible see some bounce from here

    Hi Gitanjali, it has strong support at 158-160 levels. its likely to bounce back from here.


  5. CA.Tejas Says:
    May 30th, 2011
    Posted at: 11:32 pm

    Hi CB, Can i average it now or should i wait....


  6. Aman Says:
    May 31st, 2011
    Posted at: 12:06 am

    Gud Night CB..
    Sweet Dreams..


  7. CB Says:
    May 31st, 2011
    Posted at: 12:24 am

    Hi CA.Tejas, no, don't avg it yet. lets wait

    Hi Aman, Good night.. swt dreams..


  8. vipul Says:
    May 31st, 2011
    Posted at: 12:33 am

    Hi CB, Coal India has been given the permission to mine in 62 banned coal fields...........
    Now can we see a new price levels in it & shall i enter it???????


  9. harshal Says:
    May 31st, 2011
    Posted at: 1:33 am

    I have already sold smartlinks ,i was asking should i buy it again,so that i can get dividend since 31 may is the fixing date of dividend,and would sell immediately after keeping it till record date,pls advice


  10. ramaswamy Says:
    May 31st, 2011
    Posted at: 6:54 am

    ok thanx sir


  11. ramaswamy Says:
    May 31st, 2011
    Posted at: 6:55 am

    sir bger energy buy @520 now 484 one year long sir


  12. ramaswamy Says:
    May 31st, 2011
    Posted at: 6:58 am

    trget sir


  13. arijit Says:
    May 31st, 2011
    Posted at: 7:39 am

    i have bought 400 south indian bank @24.50(avg.price) may i add more to it


  14. nda Says:
    May 31st, 2011
    Posted at: 7:43 am

    Lovely Morning to all of you


  15. thavva Says:
    May 31st, 2011
    Posted at: 7:48 am

    Hi CB, Good morning. Is it possible to add live NDTV profit widget on your site? It would helpful to all traders to keep on eye on latest updates.


  16. CB Says:
    May 31st, 2011
    Posted at: 7:48 am

    Hi vipul, it faces resistance at previous high near 400-402 levels. would advice to wait for some dip to enter it. recently has rallied quite a bit

    Hi harshal, ok. no, don't make a fresh entry yet.

    Hi ramaswamy, most welcome. hold it for med/ long term. can see 600

    Hi arijit, no, don't add more of it yet. hold for now. it has some resistance at 24.80 levels. above this can see 28

    Hi nda, Good morning.

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