Quotes with Resistance & Support
Market Information

Intraday calls for 31-05-10

Posted on: May 31st, 2010 at 8:19 am

Markets likely to see a flat opening. Support for nifty is at 5000 and resistance at 5095.

Buy Shoppers Stop Ltd at 420-424, target: 432. Stoploss: 415.
Buy Aurobindo Pharma at 839.75, target: 855. Stoploss: 829.

12.45pm – buy mundra port at 694 target 705. stoploss: 686.

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696 Responses

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  1. Roze Says:
    May 31st, 2010
    Posted at: 3:32 pm

    What price you reco to exit from this counter


  2. Ram M Says:
    May 31st, 2010
    Posted at: 3:32 pm

    Thnx Kartik


  3. JUSTTIPS Says:
    May 31st, 2010
    Posted at: 3:33 pm

    hi p indian hotel is good hold it has short-term target is 116 if it cross 120 then it can touch 130


  4. ARIJIT Says:
    May 31st, 2010
    Posted at: 3:34 pm

    HI KARTIK,
    WHAT TGT. CAN I GET WITH MUNDRA PORT TOMORROW?


  5. aman Says:
    May 31st, 2010
    Posted at: 3:34 pm

    kartik
    anything on suzlon..will it go up or come down....


  6. tanu Says:
    May 31st, 2010
    Posted at: 3:37 pm

    Hi Kartik,
    what do u think of microtech, i have the stock @ Rs 200..do u see is there upside to the stock...or is there a downtrend in the short term?please advice..thanks in advance :)


  7. Subhashis Says:
    May 31st, 2010
    Posted at: 3:39 pm

    Hi Kartik I bought Ruchi Soya at 97.50 today. What price I can expect tomorrow?


  8. Kartik Says:
    May 31st, 2010
    Posted at: 3:46 pm

    Hi Gitanjali, yes, in small quantity

    Hi Roze, around 87

    Hi Ram M, most welcome

    Hi JUSTTIPS, thanks

    Hi ARIJIT, yes. can add 10-12rs

    Hi aman, may remain a bit weak it seems.

    Hi tanu, its a hold. will bounce back in short term.

    Hi Subhashis, around 100-101.


  9. ARIJIT Says:
    May 31st, 2010
    Posted at: 3:47 pm

    Hi Kartik,
    OK, THANKS A LOT......................


  10. Ravi Says:
    May 31st, 2010
    Posted at: 4:00 pm

    Hi Kartik, how will the market open tomorrow


  11. Manasa Says:
    May 31st, 2010
    Posted at: 4:17 pm

    Hi,

    Can u pls tell me why Punj Lloyd Ltd. and Suzlon Energy came down heavily ?
    Is thr any specific reason ?

    I am holding both the shares and both are in heavy loss... Pls suggest how to proceed further..


  12. Gopal Says:
    May 31st, 2010
    Posted at: 4:25 pm

    Hi Cb sir

    I hold more than 6 months Varunshipping corporation 500 shares @ 59.85/- bur now trading at 44-45 ranges . its fudamentally good scrip and what about the Q4 results (Q3 it gave losses). kindly advice and when will it bounce back. plz sir


  13. pradeep Says:
    May 31st, 2010
    Posted at: 4:29 pm

    DEAR KARTIK, I HAVE PURCHASED 60CE IN IFCI TODAY.WHAT DO YOU THINK WILL BE THE TARGET FOR CURRENT SERIES?


  14. DS Says:
    May 31st, 2010
    Posted at: 4:30 pm

    Dear Kartik,

    Are Tata Motors and Sesa Goa Shorts/Puts still a hold?


  15. NSE_Trader Says:
    May 31st, 2010
    Posted at: 4:41 pm

    Hi Rashid,
    i have been tracking ur queries about Nifty for quite somtime and seen tht u really trade with brains.
    Just wanted to share my view :
    today, i also was in dilemma when u short, so i shorted 1 lot nifty and i lot mnifty at 5060 and covered thm at 5020.
    what i have seen tht, when ever nifty enters a new area after somedays or first time, its very likely to come back from tht region very soon.

    Regards,


  16. Kartik Says:
    May 31st, 2010
    Posted at: 5:19 pm

    Hi Ravi, seems that we might open flat tomorrow

    Hi ARIJIT, most welcome

    Hi Manasa, Punj Lloyd Ltd saw some profit booking today as the results were not as good as expcected, Suzlon seems weak below 66, hold them for Mid term, they can do well, Suzlon faces some resistance at 66, above this it could do well

    Hi Gopal, its profit declined 87% for Q4, they have also recommended dividend, hold it for anothre 4-5 months time, its likely to see some recovery

    Hi DS, yes, hold them for some more time

    Hi pradeep, IFCI looks strong above 55, it can see 62-63 once it manages to cross 55(closing basis)

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