Quotes with Resistance & Support
Market Information

Intraday calls for 29-02-12

Posted on: February 29th, 2012 at 8:31 am

Markets likely to open slightly higher. Support for nifty is at 5310 and resistance at 5420

Buy Hindustan Petroleum (HPCL) at 300, target: 309. Stoploss: 294 – (Book profit in HPCL at 308-309)

9.21am – Book profit in Mphasis at 429

9.59am – Buy Godrej Consumer at 456.80, target: 467. Stoploss: 447 – (Continue to hold Godrej CP till tomorrow)

Trade in small quantities.

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327 Responses

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  1. ravii Says:
    February 29th, 2012
    Posted at: 8:46 am

    Hello CB,

    Good morning..ONGC...300 call is holding @12 now it is 6..can i hold or exit?
    Some mock bidding is thre...today ...can we benefit out of it or ..will it go 280 below?

    kindly suggest so that i ll exit if it is bad news..


  2. Dinesh Kumar Says:
    February 29th, 2012
    Posted at: 8:47 am

    I am solded NIFTY 5700 CE yesterday. can i purchase same again or go for PE...


  3. divya Says:
    February 29th, 2012
    Posted at: 8:50 am

    can i enter into BankNifty at the opening...what would be the target...


  4. CB Says:
    February 29th, 2012
    Posted at: 8:50 am

    Hi ravii, Good morning. yes, hold ongc. likely to see some upmove from here. keep sl near 278

    Hi Dinesh Kumar, ok. dont re-enter it yet. if nifty is unable to cross 5400 , can see some selling pressure come in


  5. CB Says:
    February 29th, 2012
    Posted at: 8:51 am

    Hi divya, no, not sure of entering it as of now

    Hi Akash, ok


  6. CB Says:
    February 29th, 2012
    Posted at: 8:54 am

    Hi Akash, yes, likely to


  7. H3M4NG Says:
    February 29th, 2012
    Posted at: 8:55 am

    Will HAVELLS touch 542 today?


  8. CB Says:
    February 29th, 2012
    Posted at: 8:55 am

    Hi Satyanarayana, its a hold for now. keep sl near 5330

    Hi H3M4NG, yes, does look good.

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