Technical view:: Nifty, Geometric & Aurobindo Pharma

Quotes with Resistance & Support

Market Information

Technical view:: Nifty, Geometric & Aurobindo Pharma

Posted on: April 17th, 2012 at 3:10 am

Click on chart to enlarge:

Nifty: Nifty is managing to hold strong support levels of 5100-5150 for quite some time now. On the upside has resistance near 5280-5300 levels. If manages to break 5100-5150 levels, it could head lower to 4950 levels. On the upside above 5280-5300, can see 5420

nifty

Geometric:
Geometric has given a good breakout above 74. In short term can head upto 84-86 levels. Has support at 73-74 levels.

geometric

Aurobindo Pharma:
Aurobindo pharma has given a possible breakout above 121-122 levels. If continues to trade above 200 SMA of 126 for another couple of days, it can head upto 140-142.

aurobindo

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7 Responses

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naveen Says:
April 17th, 2012
Posted at: 12:19 pm
what is ur view about sbi
RAMOOTY Says:
April 17th, 2012
Posted at: 6:52 pm
Hi CB Sir buying a call option or selling a put option which is abetter choice.
CB Says:
April 18th, 2012
Posted at: 2:11 am
Hi naveen, it has resistance at 2350-2370 levels. can test it once
Hi RAMOOTY, go with buying a call option.. short selling in options is a high risk activity as loss here is unlimited
senthil Says:
April 19th, 2012
Posted at: 2:54 pm
hi cb can i buy rel ind put 700 at cmp 5.5
CB Says:
April 20th, 2012
Posted at: 8:26 am
Hi senthil, seems it may open lower today after the results. does have strong support at 700-720. don't enter its pe at opening.
VIJAYMISHRA Says:
April 25th, 2012
Posted at: 4:14 pm
hi cairn bought at 853 pls giveme sl & tgt
CB Says:
April 25th, 2012
Posted at: 4:17 pm
Hi VIJAYMISHRA, no, not yet. looks a bit wea.