Quotes with Resistance & Support
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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. Gitanjali Says:
    May 31st, 2010
    Posted at: 5:24 pm

    Hi kartik,Thanks for the reply...
    Tomorrow we may have a gap down opening ...[UK & US mkts are/ shall be closed ] Dax ..may turn weak as their day progresses.. In which case can I go LONG in bharath forge for intraday please ..?[if it opens lower?]


  2. Gitanjali Says:
    May 31st, 2010
    Posted at: 5:38 pm

    correction... 'does it look that we may have a gap down opening tomorrow ......


  3. Saran Says:
    May 31st, 2010
    Posted at: 6:19 pm

    Hi Karthik,

    How will be the EDUCOMP tommorow...?


  4. paresh doshi Says:
    May 31st, 2010
    Posted at: 6:44 pm

    hi cb, what is your view on suzlon?


  5. S.MAHESH Says:
    May 31st, 2010
    Posted at: 6:57 pm

    Hi Kb,
    lol


  6. S.MAHESH Says:
    May 31st, 2010
    Posted at: 7:00 pm

    Hi suhas,
    I am in CASH market only.


  7. S.MAHESH Says:
    May 31st, 2010
    Posted at: 7:02 pm

    Good Evening.


  8. S.MAHESH Says:
    May 31st, 2010
    Posted at: 7:15 pm

    Hi Saran,
    GE
    EDUCOMP closed - 534.95 and its pivot point is 517.95, likely to hit 544,549


  9. pankaj Says:
    May 31st, 2010
    Posted at: 7:17 pm

    hi CB / kartik, holdin puts of june series, in losses of more than 60%, pls advice strategy. also tell wht opening expected tomorrow? thanx.


  10. S.MAHESH Says:
    May 31st, 2010
    Posted at: 7:17 pm

    Taking brake, may come back on line bit latter.


  11. Kartik Says:
    May 31st, 2010
    Posted at: 7:36 pm

    Hi Gitanjali, we are likely to consolidate around 5000 levels for some time, dont go long on Bharat forge yet, wait for some time

    Hi Saran, its likely to add another 1-2% tomorrow

    Hi paresh doshi, it looks weak below 66, dont enter it yet

    Hi S.MAHESH, Good evening, thanks

    Hi pankaj, hold them for some time, they are likely to see some upmove


  12. Akshay Says:
    May 31st, 2010
    Posted at: 7:39 pm

    Hi cb/guruji,some time i m very dissappoint,frustrate,and cry also because none of my stocks are in 52 weeks high,Nor in New high,Nor in days high gainer.what to do.


  13. ramsingh Says:
    May 31st, 2010
    Posted at: 7:43 pm

    Hai Kartik!
    What is tommorrow target for Jubilant Foodworks.Please suggest.


  14. S.MAHESH Says:
    May 31st, 2010
    Posted at: 7:51 pm

    Hi ramsingh,
    DATE 5/31/2010 JUBLFOOD Close 280.900 Yest Close 285.250

    PP: 281.967

    Sell Below: 280.557

    Stop Loss for Short: 281.967

    Buy Above: 282.672

    Stop Loss for Buy: 281.064

    R: 285.883 , 290.867 , 295.850

    S: 276.983 , 273.067 , 268.083


  15. CB Says:
    May 31st, 2010
    Posted at: 7:58 pm

    Hi Akshay, it happens with all. continue to hold onto them. give them some time.. they are fundamentally good ones. will do well once markets improve.

    Hi ramsingh, can see 286.


  16. CB Says:
    May 31st, 2010
    Posted at: 7:58 pm

    Hi S.MAHESH, good evening. m doing good. hope you too :)

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