Quotes with Resistance & Support
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Intraday calls for 20-03-12

Posted on: March 20th, 2012 at 8:26 am

Markets likely to open flat. Support for nifty is at 5180-5200

Buy Jindal Steel & Power at 573-578, target: 592. Stoploss: 562

9.25am – Buy Axis bank at 1207, target: 1223. Stoploss: 1190 – (continue to hold axis bank, near strong support levels)

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399 Responses

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  1. akila Says:
    March 20th, 2012
    Posted at: 6:56 pm

    btw sold advanta at 411 (bought at 367)....it came down quite nicely upto 380 by close but couldnt buy back being square off day...........can it be bought again or the uptrend is over for the time being? pl advice...


  2. deep Says:
    March 20th, 2012
    Posted at: 6:57 pm

    Hi CB,
    Heavy loss in BHARTI and BIOCON futures...Since I bought them they are in downtrend....Holding 2 lots BHARTI future avg @ 341 and 1 lot BIOCON future @252...I can hold till expiry...Will I be able to make profit in these 6 days....I don't want to sell them in loss:(


  3. sona Says:
    March 20th, 2012
    Posted at: 8:10 pm

    how r the markets going to be tom ?


  4. vickys Says:
    March 20th, 2012
    Posted at: 8:25 pm

    Hi CB / Kartik ,

    I have GUJRAT NRE COKE 1700 @ 28 Rs., Can i exit tommorow with loss and get enter fresh investment in any other good stock like ADANI POWER , IL & FS tranport ,OPTO Circut... Please advice.

    Thanks..


  5. sunny Says:
    March 20th, 2012
    Posted at: 8:38 pm

    hi cb. what is the support and resistance for nifty futures for tomorrow ?


  6. MUNISH Says:
    March 20th, 2012
    Posted at: 9:33 pm

    hi CB, i buy 100 shares of hindalco @ 140 and short position in aban @ 478, please advice me


  7. Kartik Says:
    March 20th, 2012
    Posted at: 9:42 pm

    Hi mukul, can give a small bounce within 1-2 days, hold with a tight SL at 5250 tough

    Hi akila, oh, sorry to hear abt the loss, avoid stocks in news, can be too unpredictable, tough could give a small bounce, avoid re-entering it, Advanta India faces strong resistance at 405, a close above which can take it to 450 levels, keep a track on it

    Hi chowdary, can be shorted if it breaks 98 (strong support)

    Hi deep, they can some gains in the coming few days, hold with a tight SL at 5250 on Nifty tough

    Hi sunny, strong support at 5240, resistance at 5310

    Hi vickys, if possible, hold it for Short/mId term, can do well

    Hi sona, for now it seems a small bounce upto 5290 can come in


  8. Kartik Says:
    March 20th, 2012
    Posted at: 10:11 pm

    Hi MUNISH, hold Hindalco for 2-3 days with a SL at 135 and Aban with a SL at 460 (strong resistance)


  9. suzane Says:
    March 20th, 2012
    Posted at: 10:41 pm

    Hi Kartik, am in buy position with TTK PRESTIGE and OFSS , what target u suggest in both of them for tommorow ??


  10. hitesh Says:
    March 20th, 2012
    Posted at: 11:26 pm

    do it looks looks like triple bottom


  11. CB Says:
    March 20th, 2012
    Posted at: 11:49 pm

    Hi suzane, ttk can test 2850. oracle can head upto 2700

    Hi hitesh, which stock?


  12. hitesh Says:
    March 21st, 2012
    Posted at: 12:20 am

    sbi and hpw is looking for tom always bounced from same lvel


  13. CB Says:
    March 21st, 2012
    Posted at: 12:34 am

    Hi hitesh, sbin above 2210 can head upto 2260. not sure of hpw.


  14. Shereef Says:
    March 21st, 2012
    Posted at: 7:24 am

    Hi CB / Karthik

    News: "Unitech agrees to sell stake to Telenor".

    Does it look positive for the stock ?

    Can I buy Unitech, intraday - cash ?

    Thanks.


  15. CB Says:
    March 21st, 2012
    Posted at: 8:00 am

    Hi Jayabhanu, yes.. these are replied the same way as for cash stocks.

    Hi Shereef, yes, should trigger some upmove. enter in small quantity

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