Quotes with Resistance & Support
Market Information

Intraday calls for 06-02-09

Posted on: February 6th, 2009 at 9:20 am

Markets likely to open higher. Nifty has resistance at 2840 and support at 2750.

Buy Shipping Corporation of India at 83.15, target: 88. Stoploss: 81
If markets show weakness later during the day, short sell: Aurobindo Pharma below 129.

There is a rumor that markets will see a surprise rally next week though technically markets look weak.

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173 Responses

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  1. CB Says:
    February 6th, 2009
    Posted at: 1:09 pm

    Hi Murali, no.. hold till 2-3pm..


  2. Anil Says:
    February 6th, 2009
    Posted at: 1:11 pm

    JP is down to 69. Any chance to come up again?


  3. CB Says:
    February 6th, 2009
    Posted at: 1:13 pm

    Hi Anil, yes. Nifty testing 2840. .once it breaks markets will see a good upmove..


  4. koti Says:
    February 6th, 2009
    Posted at: 1:20 pm

    CB
    Can u send the link whr u seen Eicher has did BUY BACK COMPANY

    Pls pls pls


  5. pramodjain Says:
    February 6th, 2009
    Posted at: 1:22 pm

    I HOLD JANDAL SAW@265 &DLF@198


  6. CB Says:
    February 6th, 2009
    Posted at: 1:27 pm

    Hi koti, sure.. http://profit.ndtv.com/2009/02/04231220/Eicher-Motors-to-start-share-b.html and http://www.moneycontrol.com/india/news/business/eicher-motors-offers-buyback-14l-shares-at-rs-691/sh/08/15/383625

    Hi pramodjain, hold them for med term. both are sound companies fundamentally..


  7. sripal Says:
    February 6th, 2009
    Posted at: 1:38 pm

    HI CB

    RELINFRA LOOKING GOOD OR WEAK


  8. CB Says:
    February 6th, 2009
    Posted at: 1:40 pm

    Hi sripal, small resistance at days high around 546..


  9. Srinivas Says:
    February 6th, 2009
    Posted at: 1:46 pm

    All European Markets in Green... NIFTY 2841 & rising


  10. Sachin Says:
    February 6th, 2009
    Posted at: 1:47 pm

    You good at technicals man. Nifty just not ready to cross 2840! hope it does it soon. holding some stocks


  11. K K Says:
    February 6th, 2009
    Posted at: 1:47 pm

    Hi CB, how would be feb. month for DLF


  12. CB Says:
    February 6th, 2009
    Posted at: 1:49 pm

    Hi Srinivas, yes..

    Hi Sachin, thanks..

    Hi K K, DLF has found good support at 120-125 levels.. if markets rally, it could give good returns..


  13. Harvinder Says:
    February 6th, 2009
    Posted at: 1:50 pm

    CB
    what is your current view of market rally after 2-3 days fall and today's rally?


  14. rajnish kumar Says:
    February 6th, 2009
    Posted at: 1:51 pm

    can we sell nifty now


  15. CB Says:
    February 6th, 2009
    Posted at: 1:52 pm

    Hi Harvinder, There were rumors of a rally.. lets hope for the best.. close above 2840 is good for our markets.. we could touch 2950


  16. CB Says:
    February 6th, 2009
    Posted at: 1:52 pm

    Hi rajnish kumar, no.. dont go short now. buy Nifty with a sl at 2830

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