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. ARIJIT Says:
    May 31st, 2010
    Posted at: 8:56 pm

    Hi CB,
    SO CAN WE BUY UNIPHOS AT OPENING TOMORROW FOR INTRA DAY?


  2. Akshay Says:
    May 31st, 2010
    Posted at: 9:03 pm

    Hi,guruji forgot to tell u about bilt(ballarpur ind) bot [email protected] we discussed in mrng.can it be 38.in one week.and one good news earn money in indo [email protected] and [email protected] to u.


  3. sukanta Says:
    May 31st, 2010
    Posted at: 9:09 pm

    Hi CB can I buy JP ASSOCIATED


  4. GAUR Says:
    May 31st, 2010
    Posted at: 9:13 pm

    hi cb,
    what is mistry, nifty june future is in 30 point discount while futures of most of nifty stocks are in premium.
    pl clarify what strategy should be adopted specially in RIL as GOM meeting on petro subsidy


  5. Waseeque Says:
    May 31st, 2010
    Posted at: 9:23 pm

    Hi cb bought tatamotor 775 can it reach tomorrow i can hold til tomorrow


  6. pratik Says:
    May 31st, 2010
    Posted at: 9:38 pm

    Hi CB..
    i have brought one lot of GE shipping june futures at 297.
    1) please suggest at what price should i exit from it...and
    2) By when will it reach that target?
    thanx in advance...


  7. CB Says:
    May 31st, 2010
    Posted at: 9:41 pm

    Hi bhuvana, it can head upto 183.

    Hi ARIJIT, yes.

    Hi Akshay, yes, hold ballapur.. looks good. nice to hear you booked in bonito

    Hi sukanta, no, dont enter it yet

    Hi GAUR, yes, some selling pressure is seen in futures. indicates that we may see some downside in coming days.not sure of ril as of now

    Hi Waseeque, faces some resistance at 775. hold onto it for some time. above this can head upto 800


  8. cks Says:
    May 31st, 2010
    Posted at: 9:48 pm

    Hi CB,
    What about HDIL @CMP? Can I buy a CALL option? What would be the target?


  9. pradip Says:
    May 31st, 2010
    Posted at: 9:50 pm

    hi cb
    maximum how much the nifty can run seeing at the current scenario?


  10. Gitanjali Says:
    May 31st, 2010
    Posted at: 10:04 pm

    Hi CB, Thanks for the reply on Bharat forge... ,
    Stocks where open interest has decreased significantly today ,are ABB, Andhra Bank, TCS, Cipla and ITC.
    And with ITC ..the underlying closed at 283 .20...futures' at 173.10..a big deference
    same is the case with TCS ..futures 730 ..cash -743 ..
    What is one to make of it ...and if the Carry Cost % is in red , does it signify a bearish trend plz?
    Where as in MTNL CoC has turned from negative to positive..


  11. Ravi Says:
    May 31st, 2010
    Posted at: 10:08 pm

    Hi CB,

    Can I go short on Bank Nifty at the current levels?

    Regards
    Ravi


  12. CB Says:
    May 31st, 2010
    Posted at: 10:20 pm

    Hi cks, its looking a bit weak below 235. for now dont enter it

    Hi pradip, above 5100 can head upto 5150

    Hi Gitanjali, yes, futures are trading quite lower compared to cash market.

    Hi Ravi, no, banks are going strong. dont go short on it yet


  13. Jagdish Says:
    May 31st, 2010
    Posted at: 10:22 pm

    Hi CB, holding omaxe @ 98 and zicom @107 what to do.


  14. Gitanjali Says:
    May 31st, 2010
    Posted at: 10:26 pm

    Hi CB, ok..Thanks cb, Could u pl chose any one from this list to go long intra day tomorrow ... IOB, Fed bank, LT or hdil ..or may be even balram if it opens lower around 77...?


  15. CB Says:
    May 31st, 2010
    Posted at: 10:29 pm

    Hi Jagdish, they are a hold for short term. likely to recover back

    Hi Gitanjali, yes, balrampur can be bought near 77. go with vijaya bank. iob looks a bit weak.


  16. chandra Says:
    May 31st, 2010
    Posted at: 10:39 pm

    Hi cb,

    today dow jones and nasdaq not update? any reason

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