Quotes with Resistance & Support
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Intraday calls for 23-02-11

Posted on: February 23rd, 2011 at 8:27 am

Markets likely to open lower, Support for nifty is at 5430 and resistance near 5580

If markets show recovery later during the day buy Tata steel

2.23pm – hedge longs with a 5400 put at 14. stoploss: 5510

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568 Responses

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Comment pages: 282930313233343536Show all

  1. shiva Says:
    February 23rd, 2011
    Posted at: 5:28 pm

    if we dont consider global markets involvement , then where shd be the expiry?? below 5400 or above 5500?


  2. shiva Says:
    February 23rd, 2011
    Posted at: 5:30 pm

    Hi Abdullah and CB, does that mean tata stell's closing price of 627 is false???coz in BSE its 619...


  3. nevergiveup:-) Says:
    February 23rd, 2011
    Posted at: 5:43 pm

    hi gud evng traders......... hi cb sir.. today morning i have given the calls for "dr reddy labarotary" the target achieved ..
    the call was given in 22/2/2011 intraday call posts at morning session......
    i had given the target of 1575.. target was achieved at morning session only.........
    so cheers target is achived ......:-)


  4. nevergiveup:-) Says:
    February 23rd, 2011
    Posted at: 5:49 pm

    hi cb ...Nagarjuna Fertilisers & Chemicals Ltd.
    i gave an target of 31rs for today......
    open was 28.80
    it went upto
    29.05 so it reached near by target which gave profit...... a little..... but no loss in that.... i posted this call on 22/2/2011 intraday call post at morning by 8am


  5. Abdullah Says:
    February 23rd, 2011
    Posted at: 5:54 pm

    Hi shiva, No. The closing price is correct. It was maybe a flash trade or some kind of FII activity like CB pointed out. It happened only in NSE. But if it was a flash trade, it goes to show how a "Market Order" can be very dangerous sometimes


  6. pankaj Says:
    February 23rd, 2011
    Posted at: 6:06 pm

    shorted Hero Honda today morning & covered later during the day with big losses. wht was the reason of suge a huge upsurge of more than 7% in this scrip when overall mkt was sliding for support?? was it a bad call or just was my bad luck today?? its frustatin. pls advice.


  7. vipul Says:
    February 23rd, 2011
    Posted at: 6:26 pm

    Hi CB/ Kartik, How is BGR energy for 2-3 months............what's the target in 2-3 months plzzzzz


  8. Sunil Rao Says:
    February 23rd, 2011
    Posted at: 6:45 pm

    Hi CB, SAI, Shiva, Abdullah, With reference to my earlier post regarding flash trades, the flash trade today on Tatasteel represents a major downslide from the major resistance level of 735 on weekly charts and likely to show a major downmove in near term possibly upto 550-560 levels and may even test 520 levels. But we still have to wait till the end of the week for confirmation of the pattern.


  9. craj Says:
    February 23rd, 2011
    Posted at: 7:01 pm

    HI CB, wht will be the peak prc for kalindee 2morow?


  10. ARIJIT Says:
    February 23rd, 2011
    Posted at: 7:04 pm

    Hi Sunil Rao,
    what can be our strategy for NIFTY TOMORROW?


  11. Kartik Says:
    February 23rd, 2011
    Posted at: 7:09 pm

    Hi shiva, cant be sure, since Markets are likely to be uncertain ahead of the Budget, the high of 755 in Tata steel seems to be a flash trade in Nse, a few number of shares might have been traded at that price since the rate instantly dropped down

    Hi nevergiveup:-), nice, thanks

    Hi vipul, it looks expensive at CMP, wait for a dip in it

    Hi pankaj, it did look weak below 1405, but Auto stocks rose today, on bargain hunting a recent slide caused by fears of a hike in excise duty on automobiles in the Union Budget 2011-12 and on fuel price hike worries

    Hi Sunil Rao, GE, it faces strong support at 595 on the downside


  12. Kartik Says:
    February 23rd, 2011
    Posted at: 7:10 pm

    Hi craj, around 148


  13. ramaswamy Says:
    February 23rd, 2011
    Posted at: 7:10 pm

    goo d evening sir can i buy tata stell call sir


  14. CHARULATHA SATISH Says:
    February 23rd, 2011
    Posted at: 7:12 pm

    Sir,
    Can we sell 5400 call tomorrow? If so at what price


  15. Sunil Rao Says:
    February 23rd, 2011
    Posted at: 7:33 pm

    Hi ARIJIT, Nifty likely to show some bounce tomorrow and being the day of expiry may remain quite volatile. support @ 5415 and resistance @ 5485

    Hi Kartik, I agree, that is why, we need to wait till the end of the week to confirm the pattern.


  16. craj Says:
    February 23rd, 2011
    Posted at: 7:34 pm

    Kartik, can you suggest any stock for intraday 2morw (onr for short sell & one for buy)?

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