INTRADAY SIGNALS Dec30,2008

• Buy EKC @ 179 sl 175 Upsoce till 183 >> 189
• Buy RCOM @ 219 sl 213 upside till 223 >> 228
• Acumulation seen in HDIL:-Buy @ 135.50 stop-loss 130 target 142 / 149 /152.
• Acumulation Seen in JP ASSOCIATE buy @ 81.50 stop-loss 79 target 84 / 86...
• Buying Seen in NTPC ; Buy @ 178 with sl 173 tgt 182 >> 187 >> 191
  

Market view DEC30,2008

NIFTY:
Resistance 2929 - 2956 - 2990 - 3005 - 3028
Support 2898 - 2872 - 2850 - 2828
View: Nifty in the yesterday's bounced from lower support zone & closed with good gains. Again look out for 2990/3005 for upside resistance. Positional shorters may consider it as Sl for there short positions. Dow closed marginally red.Asian market trading up with 0.50%-1% gain. We may open positive & will face resistance at 2956-2990 zone on upside & 2882 will offer good support on downside.
Buying Seen in the Banking sector along with the ancillary auto and realestate sectors as a good boost is expected to be announced in the 2nd Fiscal Stimulas Package by the Government of India ..... keep a buying with the days lows as stop loss in the said sector stocks ...
The premium stocks to watch are
SBIN - AXIS BANK - ICICIBANK - HDFC - JPASSOCIATES - HDIL - TVSMOTORS - LICHOUSINGFIN - IBREALEST - PURVA - DEWANHOUSING .........