Quotes with Resistance & Support
Market Information

Intraday calls for 22-02-12

Posted on: February 22nd, 2012 at 8:29 am

Markets likely to open flat. Support for nifty is at 5580 and resistance at 5620

Buy Alok Industries at 21.40, target: 23. Stoploss: 20.40 – (Book profit in Alok ind at 23)

Sell Sesa goa at 246.75, target: 240. Stoploss: 251 – (sl triggered – seems there is positive news flow of it merging with Sterlite industries)

Sell Larsen & Tubro below 1438, target: 1420. Stoploss: 1452 – (Book profit in LT short at 1420-1422)

10.42 am – Sell Maruti Suzuki below 1310, target: 1290. Stoploss: 1325 – (Book profit in Maruti at 1290)

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444 Responses

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  1. CB Says:
    February 22nd, 2012
    Posted at: 5:15 pm

    Hi micky-intrady, yes, if sees a small bounce tomorrow, exit near 452

    Hi ramaswamy, it does look good. hold it. can see 635

    Hi suresh, if looking for short term, its a hold

    Hi Akash, seems like profit booking.also it planning to bailout KFA did not go well with investors.

    Hi saravan, not yet. wait for another day or 2

    Hi Deepak Bedi, its likely to close near 0.10-0.50 levels.

    Hi ravii, can test 72 tomorrow.

    Hi pareshdoshi, seeing some profit booking. has support at 17 levels. if holds onto it, can expect some bounce


  2. ravii Says:
    February 22nd, 2012
    Posted at: 5:19 pm

    Hello CB,

    Geuss ..huge profit booking on united spirits ? can we see more down side on it.. or it will take 550 support?


  3. RAVS Says:
    February 22nd, 2012
    Posted at: 5:34 pm

    The profit booking which everyone was waiting since last 2 weeks came just one day prior to expiry....


  4. CB Says:
    February 22nd, 2012
    Posted at: 5:53 pm

    Hi ravii, yes, has support at 555-560. if breaks this then could fall further

    Hi RAVS, yes.. many were expecting it after expiry


  5. Deepak Bedi Says:
    February 22nd, 2012
    Posted at: 5:57 pm

    Hi CB... Thanks for the reply to my SBI query... I'm holding 4 lots of Nifty Feb 5500 CE @ 55... It closed at 40 today after the massive bout of profit taking... What stop loss should I keep for tomorrow as it is expiry day? Please advice?


  6. suzane Says:
    February 22nd, 2012
    Posted at: 6:04 pm

    Hi CB, bought jaicorp 2500 @ average 115.9 and united spirit 800 @ average 628. Badly strucked with it. Any chances to recover my loss :(( already booked loss on Tata motors, escorts and rohit ferro.. Much more worried for JaiCorp.. Plz guide


  7. gkpstar Says:
    February 22nd, 2012
    Posted at: 6:13 pm

    unitech erased all gain today itself :( can it come up again to 37 or 39?


  8. sunny Says:
    February 22nd, 2012
    Posted at: 6:19 pm

    hi cb. i booked profit in nifty future which i shorted yesterday but bought 2 lot nifty march at 5584. what is ur view ?


  9. gkpstar Says:
    February 22nd, 2012
    Posted at: 6:19 pm

    what will be the direction for the rest of this week?
    should we book profits even if less profits in the stocks we are owning or should wait?


  10. BDM Says:
    February 22nd, 2012
    Posted at: 6:43 pm

    Hi CB. JP Associates shorted Feb Fut @ 84. What should be the exit price tomorrow?


  11. vivek Says:
    February 22nd, 2012
    Posted at: 7:15 pm

    Hi Cb,
    Holding Coal India March future @ 318 and Bharti Airtel Feb. future @ 355....Please suggest..


  12. deep Says:
    February 22nd, 2012
    Posted at: 7:19 pm

    Hi CB/Kartik,
    Bought Cipla @ 324 and Rolta @ 94 for 1-2 days.please advice SL and TGT..


  13. deepak Says:
    February 22nd, 2012
    Posted at: 7:23 pm

    Hi CB,
    I came to know that there is special trading session on 25th Feb..Do you have any idea on this??


  14. Kumar Says:
    February 22nd, 2012
    Posted at: 7:31 pm

    Thanks CB/Kartik, Nicely Exit from Pantaloon.


  15. ramaswamy Says:
    February 22nd, 2012
    Posted at: 7:40 pm

    sir BPCL FUTURE SHORT AND HOLD SIR @612
    .


  16. purav Says:
    February 22nd, 2012
    Posted at: 8:07 pm

    i have arvind 200 share @ 106,
    varun 50 share @ 277,
    petronet LNG 100 @ 178 so what can i do?

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