Tuesday, January 13, 2009

Intraday Trading Signals and levels

Short sell: Infosys below 1145, target: 1120. Stoploss: 1155.
RELIANCE CAPITAL (SELL) 434-438 (Target1)428 (Target2) 418(Sl) 445

Market Overview Jan13, 2009

Nifty (Spot) :
Resistance:- 2828 - 2856 - 2899
Support:- 2770 - 2720 - 2660 - 2620
Nifty Fut corrected again from highs, after a better than expected IIP numbers our indices crumbled in the last trading session and made a low of 2728, shows that the Institutions are less interested in the government data. Yesterday's crumble shows that the investors are waiting the Q3 numbers and the fall reflected the Weak guidelines pressure can pull the market down wards.

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