Quotes with Resistance & Support
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Intraday calls for 21-03-12

Posted on: March 21st, 2012 at 8:28 am

Markets likely to see a flattish opening. Support for nifty is at 5230 and resistance at 5300.

Buy Bata India at 725, target: 738. Stoploss: 714

10.46am – Buy 5300 ce at 71.50-72, target: 85. Stoploss: 5250 (spot) – (Book profit in 5300 ce at 97)

1.13pm – Buy BF Utilities at 392.50, target: 402. Stoploss: 387 – (Book profit in BF Utilities at 401-402)

1.47pm – Buy Tata global at 115.50, target: 119. Stoploss: 113 Trade in small quantity – (Continue to hold Tata global as BTST)

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418 Responses

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  1. PhoeNix Bird Says:
    March 21st, 2012
    Posted at: 8:29 am

    Good morning cb.... wots u r thought on ITC .... ??


  2. dak Says:
    March 21st, 2012
    Posted at: 8:30 am

    Good Morning CB, Kartik.
    Your take on reliance & hdfc for today ?
    Holding reliance futures long at 782, and hdfc 480 put at 1.8. Both in loss - what should I do?


  3. CB Says:
    March 21st, 2012
    Posted at: 8:33 am

    Hi PhoeNix Bird, Good morning. its looking good. can test 235 in coming days

    Hi dak, Good morning. reliance can add 12-15rs. hdfc below 500 can see 490. hold these for now


  4. dak Says:
    March 21st, 2012
    Posted at: 8:34 am

    Thanks CB. So you mean I should exit reliance future when it comes cost-to-cost ?

    Also holding bank nifty 10800 call at 38 - whats the outlook for today ?

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