Quotes with Resistance & Support
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Intraday calls for 31-05-11

Posted on: May 31st, 2011 at 8:30 am

Markets likely to open slightly higher. Support for nifty is at 5450 and resistance at 5515

Buy HDFC Bank above 2316, target: 2340. Stoploss: 2296- (book profit at 2345)

9.19AM – buy Renuka sugars at 61, target: 64. Stoploss: 59 – (book profit at 62.50)

2.34PM – buy tata motors 1100 call at 35, target: 43. Strict Stoploss: 1075

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618 Responses

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  1. Rise Says:
    May 31st, 2011
    Posted at: 2:07 pm

    sir m holding itc at 188 shud i book profit....n will buy wen it goes down again....wat shud i do...?


  2. shruti Says:
    May 31st, 2011
    Posted at: 2:07 pm

    can i buy ongc pe?


  3. CB Says:
    May 31st, 2011
    Posted at: 2:13 pm

    Hi SAI, yes

    Hi sumit, no, not yet

    Hi AJ, book near 63

    Hi Shiva, hmm. not really sure why

    Hi SS, hold it.keep sl at 1075. pnb can see 1110

    Hi CA.Tejas, can see 158

    Hi VS, yes, book partial profit in it for now

    Hi Mohan, its a hold for now. dont add more of it yet

    Hi Rise, book partial for now.

    Hi shruti, no, not yet. good support at 274-278


  4. Vishal Says:
    May 31st, 2011
    Posted at: 2:14 pm

    Hi CB, Can i enter Sanghvi Forging at CMP for short term ?


  5. Mohan Says:
    May 31st, 2011
    Posted at: 2:15 pm

    Hi CB, Hmmm...That needs a lot of patience :-)


  6. Rise Says:
    May 31st, 2011
    Posted at: 2:15 pm

    sir also i want to enter renuka sugar.....where to u see renuka sugar after 2 months....or a months time.... shud i enter it in a small quantity nw ?


  7. Das Says:
    May 31st, 2011
    Posted at: 2:16 pm

    is it right time to buy 5500 PE?


  8. Shiva Says:
    May 31st, 2011
    Posted at: 2:16 pm

    holding tata motors 1100 ce...can it work in 2 days to come??


  9. CB Says:
    May 31st, 2011
    Posted at: 2:17 pm

    Hi Vishal, not yet. its likely to remain volatile

    Hi Rise, it can see 75 in med term

    Hi Das, no, not yet.


  10. CB Says:
    May 31st, 2011
    Posted at: 2:17 pm

    Hi Mohan, :) yes.


  11. sumit Says:
    May 31st, 2011
    Posted at: 2:17 pm

    what is next resistance of nifty


  12. Vishal Says:
    May 31st, 2011
    Posted at: 2:17 pm

    Hi CB, Why is Supreme Industries not moving... .


  13. SAI Says:
    May 31st, 2011
    Posted at: 2:18 pm

    HI CB SHALL I GO WITH 5600 CE IF SO WHATS THE TARGET & SL


  14. Praveen Says:
    May 31st, 2011
    Posted at: 2:18 pm

    Thanks for todays call :) bought few Renuka @ 61.35 and sold @ 62.45

    Though the profit is less.. profit is profit :)

    Thanks Abdulla for your suggestion 'to book profits as soon as you see them'..

    I'm learning a lot from this site.. I used to go greedy previously and lost thousands of hard earned money..

    hope everything recovers back :)


  15. VS Says:
    May 31st, 2011
    Posted at: 2:18 pm

    okey. txs a lot 4 all ur suggestions!!!!


  16. OSRRTM Says:
    May 31st, 2011
    Posted at: 2:19 pm

    CAN MARKET HOLD THIS BULLISH TREND...?

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