Quotes with Resistance & Support
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Intraday calls for 30-05-12

Posted on: May 30th, 2012 at 8:29 am

Markets likely to open lower. Support for nifty is at 4930 and resistance at 5050.

If markets show recovery later during the day, buy: Reliance industries above 695 – (Book profit in Ril at 707)

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478 Responses

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  1. gaps Says:
    May 31st, 2012
    Posted at: 12:46 am

    hi cb, holding jain irrigation at 71.70 and sail at 94. can hold it for 3-4 days. plz advice


  2. Sohan Says:
    May 31st, 2012
    Posted at: 1:00 am

    Hello CB,

    Do you think markets will go in downtrend ?

    There is so much negative news.

    There has been quite some losses lately and i have lots of holding.

    Sohan


  3. Sohan Says:
    May 31st, 2012
    Posted at: 1:42 am

    Hi SM, thank god, you are here.
    I was scanning thru messages and came to know you were upset.
    Please be here.
    Sohan


  4. CB Says:
    May 31st, 2012
    Posted at: 2:01 am

    Hi gaps, yes, these are a hold for now. jain irr has support at 70 and sail at 90. in case jain irr breaks 70, would advice to exit 50% and add again on dips near 65-66

    Hi Sohan, as of now if manages to close below 4930, it could head back to 4850 levels. lets see. as of now seems may open a bit lower tomorrow. also expiry and gdp data tomorrow


  5. smkelkar Says:
    May 31st, 2012
    Posted at: 5:56 am

    its expiry day, i think we will finish the series 30-40 points down to 30th closing.


  6. SM Says:
    May 31st, 2012
    Posted at: 6:26 am

    Hi care, GM. Hope CB's reply helped. For Cardamom, the level you mentioned was the recent high. There is a risk. If at all any security hovers around the recent high, there are ample chances for it to cross that high and people going short will be trapped. One idea can be to short at 1360 to 1365 (if we get it) with SL at 1375. Otherwise below 1290 it may turn weak. We will have to see.
    NG looks weak too


  7. SM Says:
    May 31st, 2012
    Posted at: 6:27 am

    Hi Sohan, GM :)


  8. Venkat Says:
    May 31st, 2012
    Posted at: 7:50 am

    CB Sir, CM :), Holding 4900 Put Kindly give me a Exit Price.


  9. CB Says:
    May 31st, 2012
    Posted at: 7:54 am

    Hi smkelkar, yes, does seem so


  10. CB Says:
    May 31st, 2012
    Posted at: 7:54 am

    Hi Venkat, Good morning. its a hold for now. can test 4910-4930 today


  11. TP Says:
    May 31st, 2012
    Posted at: 8:02 am

    Morning CB. What is your view on GDP numbers today. N how market will react. can I shot yes bank today at 328


  12. CB Says:
    May 31st, 2012
    Posted at: 8:14 am

    Hi TP, Good morning. yes, will remain volatile today it seems. can short yes bank with sl near 333


  13. Gitanjali Says:
    May 31st, 2012
    Posted at: 8:40 am

    Hi CB,GM.THANKS A LOT. Hi SM, THANKS A LOT .Shall follow up on those levels ,in cardamom.You are right .It is showing aggressive bullish trend .Next series may be in the 1400 levels! Will go short in NG ,if possible at higher rates .
    Take care ..HAPPY TRADING:}


  14. CB Says:
    May 31st, 2012
    Posted at: 8:40 am

    Hi Gitanjali, Good morning.. most welcome.


  15. manohara Says:
    May 31st, 2012
    Posted at: 9:47 am

    hi cb sir,gud morng,.i want to trade in sbi,,in which position i entered to call/ put options in sbi?

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