Thursday, January 22, 2009

Intraday calls

Buy NTPC at 180, target: 186. Stoploss: 177
Buy CAIRN @ 152 sl 148 target 155 >> 158

Inflation data for this week is as follows: The benchmark figure for this week is 5.60% as compared to 5.24% last week.

Good Morning:...
Nifty:
Resistance 2725/2760/2799
Support 2690/2660/2620

Nifty crashed in last hour after trading maximum time in narrow range yesterday. Nifty should hold 2690 to stay in a range bound momentum. Today's nifty might see a gap up opening of 25 points, then again followed by volatile session as day progresses. The important level (Nifty spot) would be 2690/2660 on downside & 2760 on upside.

US Market closed in deep green. Asian Market trading mixed. As we have been sayingg from few days, Real Estate sector looks weak & its been cracking daily. Still Avoid.

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