Quotes with Resistance & Support
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Intraday calls for 22-11-10

Posted on: November 22nd, 2010 at 8:24 am

Markets likely to open gap up. Support for nifty is at 5850 and resistance at 5970.

On rise one can short Tata steel near 615-620 levels with stoploss at 630.

Avoid fresh longs for now. Nifty looks weak below important support of 6000-6030. Please refer to the below nifty chart. (click on image to enlarge)

Nifty

Nifty

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439 Responses

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  1. CB Says:
    November 22nd, 2010
    Posted at: 9:14 am

    Hi jaga, enter in small quantity as of now.


  2. 100rabh Says:
    November 22nd, 2010
    Posted at: 9:15 am

    Hi CB,
    i have done short in Nifty Future since last weekend ....
    What do u suggest till what level will this market roll down ....

    Is mkt expected to go down or should i swap the positions ?


  3. stocket Says:
    November 22nd, 2010
    Posted at: 9:15 am

    Hi CB buy Dish at ?? and what is the target?


  4. Sharan Says:
    November 22nd, 2010
    Posted at: 9:15 am

    Hi Cb
    Can i short telecom stocks rcom,videocon n unitech today??


  5. Rams Says:
    November 22nd, 2010
    Posted at: 9:16 am

    Gud Morning CB.. Holding Unitech Futures at 81.75.. SUggestion pls


  6. shiva Says:
    November 22nd, 2010
    Posted at: 9:16 am

    CB...from the chart above , it seems we can see 5600 ...


  7. CB Says:
    November 22nd, 2010
    Posted at: 9:16 am

    Hi 100rabh, yes, continue to hold onto the shorts for now. can see selling pressure on rise.

    Hi stocket, yes, can see 67.50

    Hi Sharan, no, not yet. wait for some rise.


  8. shiva Says:
    November 22nd, 2010
    Posted at: 9:18 am

    can I buy nelco?


  9. CB Says:
    November 22nd, 2010
    Posted at: 9:18 am

    Hi Rams, it has some support at 67-68 levels. hold it for now. on rise enter a 70 put to hedge


    Hi shiva, hmm. depends more on the news flow.


  10. CB Says:
    November 22nd, 2010
    Posted at: 9:20 am

    Hi shiva, in small quantity


  11. gopal Says:
    November 22nd, 2010
    Posted at: 9:20 am

    CB sir Good morning
    can i short Tatasteel Future at what price


  12. AB Says:
    November 22nd, 2010
    Posted at: 9:20 am

    HI CB , GM . have a few shares of Unit. Phos.. its seeing a downfall for past some days. Should I keep holding the shares or sell. What tgts you see in the near future.


  13. CB Says:
    November 22nd, 2010
    Posted at: 9:21 am

    Hi gopal, Good morning. short near 615-618


  14. CB Says:
    November 22nd, 2010
    Posted at: 9:21 am

    Hi AB, hold for now. can see a bounce back to 195-200


  15. LEO Says:
    November 22nd, 2010
    Posted at: 9:22 am

    OK CB,


  16. CB Says:
    November 22nd, 2010
    Posted at: 9:23 am

    Hi AJ, likely to see 150-153.

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