Quotes with Resistance & Support
Market Information

Intraday calls for 21-02-12

Posted on: February 21st, 2012 at 8:23 am

Markets likely to open slightly lower. Support for nifty is at 5540 and resistance at 5610.

Sell Larsen & Tubro below 1438, target: 1420. Stoploss: 1452.

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

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469 Responses

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  1. Sri Says:
    February 21st, 2012
    Posted at: 1:58 pm

    Hi CB,
    Pls answer my query..


  2. Kumar Says:
    February 21st, 2012
    Posted at: 1:59 pm

    hi CB, for 5th time nifty testing 5600 in interday. i think profit booking will start in next 30 min.


  3. Akila Says:
    February 21st, 2012
    Posted at: 1:59 pm

    good afternoon CB

    One's pain other's gain..........jet airways seeming strong today with negative news in Kfa........ holding at 344 since almost 10-15 days...... after seeing lows of 325 on friday, today holding 345 levels.... should i exit safely or the breakout is coming soon?


  4. CB Says:
    February 21st, 2012
    Posted at: 2:00 pm

    Hi Akash, ok. go with 5400 for now

    Hi Kumar, yes. facing some pressure near 5600-5620 levels.


  5. Arun Says:
    February 21st, 2012
    Posted at: 2:00 pm

    Hi CB, Can i short Adanipower and titam at CMP


  6. Sourabh Says:
    February 21st, 2012
    Posted at: 2:00 pm

    Thanks CB Sir...Still holding COAL INDIA...please advise where to exist... still in 2 rs loss


  7. CB Says:
    February 21st, 2012
    Posted at: 2:00 pm

    Hi Akila, yes, facing some resistance at 348. if manages to cross it, can head upto 360

    Hi Arun, no, don't go short on these yet.


  8. SS Says:
    February 21st, 2012
    Posted at: 2:01 pm

    Hi CB,
    Should I exit Kotak short or hold for closing ?


  9. CB Says:
    February 21st, 2012
    Posted at: 2:01 pm

    Hi SS, no, continue to hold it.


  10. Kumar Says:
    February 21st, 2012
    Posted at: 2:02 pm

    Hi ttsathya, wait for 1 day it will come down nearly 110.


  11. rj Says:
    February 21st, 2012
    Posted at: 2:02 pm

    Hi CB,

    and what abt POWERGRID ?


  12. Akash Says:
    February 21st, 2012
    Posted at: 2:02 pm

    Hi CB, Do you think we will turn more bullish as Nifty is not going below 5590. Can we expect Nifty crossing 5750 by Expiry


  13. Akila Says:
    February 21st, 2012
    Posted at: 2:02 pm

    tnku.... i thought on the same lines too, but the resistance seems to be very very strong, and hence testing the patience...


  14. CB Says:
    February 21st, 2012
    Posted at: 2:03 pm

    Hi rj, it looks good for short term. can see 117

    Hi Akash, no, not really sure of 5750 yet

    Hi Akila, hmm.


  15. sundeep Says:
    February 21st, 2012
    Posted at: 2:04 pm

    Hi CB, Sir, Holding Tata steel at 650 and Hind const, co. at 37. Hold or exit for now?


  16. Akash Says:
    February 21st, 2012
    Posted at: 2:04 pm

    Hi CB, Then at least 5700 and 5700 CE at 35-40?

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