Positional Signals to hold stocks for short term.. 18-12-08

BUY SAIL above 80 with a stoploss at 73,  upper trend till 92 >> 103

BUY FINCABLES above 22 witha sl @ 18.75 upper trend till 25 >> 29

Lucarative Intraday Calls Dec18, 2008

• Punjab National Bank is moving with a good strength, BUY @ 485 sl 478 tgt 495 >> 502
  
• M&M is reflecting good strength , Buy at 315 sl 309 Uptrend till 324 >> 331
  
• HDFC BANK , if carried over from the yesteredays intraday call sell above 1025 >> 1038  and book the profit...!!  --- hope u have booked profit..........!!!
  
• NEYVELLI LIGNITE, in the power sector has shown a good move with NTPC and RPOWER, Buy NEYVELLI @ 67.50 with sl 63.25 upper trend till 73 -> 75.50
• Sell ONGC below 700 with a stop loss above 712 for a down trend till 685 >> 677 >> 669
• Sell EDUCOMP below 2350 with a stop loss above 2375 down trend till 2328 >> 2312 >> 2305

Market View - Dec18, 2008

Good Morning ..........!!!

NIFTY Levels:

Resistance: 2981 - 3005 - 3028 - 3042

Support: 2928 - 2905 - 2877 - 2853

Nifty today can open flat and trade in a strict range of 2905 at the lower and 3005 at the upper for the most of the day.

This is due the the negitive trading sentiments form the West.

The ASIAN Indices opened green this morning and gave off the gains due to the profit boooking.....

Inflation numbers, which were announced recorded lower than the last week @ 6.84% as compared to 8.00%, shall sense a bit of positive move for market ...!! We might see some spurt in banking stock......!!

We advice touse this spurt to exit from long positions.