Quotes with Resistance & Support
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Intraday calls for 17-02-09

Posted on: February 17th, 2009 at 9:06 am

Markets likely to open weak. Below 2840 we can touch 2790. Support at at 2780.

Sell Wire and Wireless India for a target of 14.20. Stoploss: 15.40
Sell ABB for a target of 402. Stoploss: 422.

If markets show recovery later during the day, buy: GMR Infrastructure.

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116 Responses

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  1. keyur Says:
    February 17th, 2009
    Posted at: 1:22 pm

    wat is reson of market down


  2. CB Says:
    February 17th, 2009
    Posted at: 1:22 pm

    Hi VN, Europe has not yet opened.. they will open in 15 min..


  3. Tipguru Says:
    February 17th, 2009
    Posted at: 1:23 pm

    Sl tar kotak bnk


  4. keyur Says:
    February 17th, 2009
    Posted at: 1:23 pm

    i have 2900 call @43 wat can i do hold or exit


  5. CB Says:
    February 17th, 2009
    Posted at: 1:23 pm

    Hi keyur, it not being able to hold support at 2780


  6. keyur Says:
    February 17th, 2009
    Posted at: 1:25 pm

    i m going in other then not remember
    now wat u think for this level


  7. CB Says:
    February 17th, 2009
    Posted at: 1:26 pm

    Hi Tipguru, it seems to be strong today.. if markets recover, it can touch 265.. sl 257

    Hi keyur, sl was 2780.. Keep a final sl at 2750.. below this we could see 2600 in short term,..


  8. CB Says:
    February 17th, 2009
    Posted at: 1:27 pm

    Hi keyur, below 2750 Nifty can touch 2600.. as long it is above this level. there are chances of an upmove..


  9. Divyesh Says:
    February 17th, 2009
    Posted at: 1:27 pm

    Can i enter in Gmr infra


  10. CB Says:
    February 17th, 2009
    Posted at: 1:29 pm

    Hi Divyesh, yes.. keep a sl at 77. we could see some recovery if Europe opens flat..


  11. CB Says:
    February 17th, 2009
    Posted at: 1:30 pm

    I WILL BE BACK IN 2 HRS..


  12. deba Says:
    February 17th, 2009
    Posted at: 1:37 pm

    now europe also red
    so what i can choose now or i should wait 30 min more
    suzlon O Rreliance capital OR gmrinfra
    i can wait 2to3 day for profit booking
    please sugest me


  13. hilay Says:
    February 17th, 2009
    Posted at: 1:49 pm

    hi CB, how abt Crompton Greaves? Is it good time to buy? What will be the target?


  14. rajnish Says:
    February 17th, 2009
    Posted at: 2:12 pm

    sir i have one query.currently nifty feb 2600 is @ 22.if nifty goes to 2600 by this feb expiry what will be it's put 2600 value ? how time decay premium. i am not getting.


  15. Manthan Says:
    February 17th, 2009
    Posted at: 2:29 pm

    Hi, CB i Shortsell United Phosphorus @102.60 and my TGT is 98.85 . now what i do book profit or wait for another time. at till 3.00pm. What u say?


  16. CB Says:
    February 17th, 2009
    Posted at: 3:37 pm

    Sorry.. was not online in the afternoon..

    Hi rajnish, they are same as futures. .they need to be exited before expiry.less the days remaining less the chances of targets on Nifty achieveing.. so value decreases..

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