Quotes with Resistance & Support
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Intraday calls for 21-09-10

Posted on: September 21st, 2010 at 8:20 am

Markets likely to see a flat opening. Resistance for nifty is at 6050 and support at 5900.

Buy Colgate-Palmolive (India) Ltd at 859.25, target: 873. Stoploss: 848
Buy Tata Steel Ltd at 618, target: 628. Stoploss: 608

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670 Responses

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  1. SunilRao Says:
    September 21st, 2010
    Posted at: 6:19 pm

    Good Evening CB, All :)


  2. SunilRao Says:
    September 21st, 2010
    Posted at: 6:33 pm

    Hi CB, Nifty is currently trading near the all-the high wave expansion level of 500% on 18/5/2009 and 19/5/2009. If we test 6060 tomorrow, we will repeat history, and create history beyond it. Last time Nifty tested the 500% mark, it immidiately corrected upto the wave expansion level of 200%. Let's see how markets react now. Currently wave expansion level of 200% is at 5800 levels


  3. SunilRao Says:
    September 21st, 2010
    Posted at: 6:34 pm

    ***all-time high


  4. zsagar Says:
    September 21st, 2010
    Posted at: 6:35 pm

    Hi CB, I hold a Long BPCL Fut @ 810 ; cmp = 792 ? What to do
    And I hold a short on Vijayabank Fut , Cmp= 83.10 ; Whats ur expected target on Vijayabank Fut ? Should I countinue to hold the short or book profit as of now ?

    I hold Short Sobha Fut @ 370 ; cmp = 377 - looking a bit strong . Pls advice me on it too !


  5. cvrprakash Says:
    September 21st, 2010
    Posted at: 6:39 pm

    Hi CB,

    Today I had bought TVS Motors 250 Nos for an average price of 74.50
    Kindly guide me the scope for this in coming days.
    At what price I can book profit.


  6. CB Says:
    September 21st, 2010
    Posted at: 6:40 pm

    Hi animesh, most welcome. no, as of now no new call. lets see how US markets close

    Hi SunilRao, Good evening. yes, strong resistance near 6100 levels.

    Hi zsagar, yes, hold it. bpcl looks good technically. can see 830. sobha and vijaya bank are a hold. dont add more of them yet


  7. CB Says:
    September 21st, 2010
    Posted at: 6:41 pm

    Hi cvrprakash, its a good bet. can see 84 in short term.


  8. zsagar Says:
    September 21st, 2010
    Posted at: 6:42 pm

    Hi CB, Whats ur expected target for Vijayabank Fut Short in 2-3 days ?


  9. CB Says:
    September 21st, 2010
    Posted at: 6:42 pm

    Hi zsagar, around 80-81


  10. zsagar Says:
    September 21st, 2010
    Posted at: 6:45 pm

    Hi CB, Thanks bhai ! Take care , i am leaving , See u tomorrow !
    Have a Nice Time
    Take Care


  11. SunilRao Says:
    September 21st, 2010
    Posted at: 6:49 pm

    Hi CB, On close inspection of the Nifty Chart, I found that wave expansion level of 500% had been even tested on 3/10/2007 where again, Nifty saw a immidiately corrected upto the 200% level. But another important point to note, that in both earlier cases, we saw more upward movement in near term.


  12. zsagar Says:
    September 21st, 2010
    Posted at: 6:54 pm

    Hi SunilRao, So u where expectinga 15% correction in our market this month near to expiry as bcoz we were overheated ?


  13. raj Says:
    September 21st, 2010
    Posted at: 6:54 pm

    CB i have jubliant food 100 shares @ 540, man allun @ 77 1000 shares and berger paints 500 shares @ 115 pls suggest


  14. zsagar Says:
    September 21st, 2010
    Posted at: 6:55 pm

    Hi SunilRao, Not 15% I mean 150 % correction u expect in pur market ?


  15. ramsingh Says:
    September 21st, 2010
    Posted at: 7:00 pm

    What is the tommorrow target price for Sel Manufacturing.Please suggest.


  16. SunilRao Says:
    September 21st, 2010
    Posted at: 7:12 pm

    Hi zsagar, 15% is out of question in near term unless we have some major global crash. Nifty has strong supports @ 5780, 5620 and 5460 levels

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