Friday, January 30, 2009

Intraday calls

Short sell: DLF at 164, target: 157, stoploss: 166

Market View

Good Morning ....!!

Nifty:
Resistance 2850/2880/2928
Support 2807/2770/2756/2725

Nifty witnessed a down side on last day of settlement of January. Nifty faced resistance yesterday at our given area of 2880 (high made 2873).Today watchout for 2770 on downside as strong support. Break below this level, with volumes, may drift Nifty towards 2750/2725 zone.

Dow Jones Closed -2.7% , Nasdaq - 3.24%Asian Mkt trading -1%/-2%.Expect a gap down with -30/-40 pts on Nifty.

If markets show recovery later during the day, buy: Jaiprakash Associates

Thursday, January 29, 2009

Intraday BUZZ ...

Buy RELIANCE (cash) WITH sl 1232 tgt 1280 , 1302

Inflation data for this week is as follows: The benchmark figure for this week is 5.64% as compared to 5.60% last week.

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