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Intraday calls 11/06/08

NIFTY FUTURE OPENED AT 4437 ON 10.06.08 FELL TO THE DAY`S LOW OF 4332 (OUR SUPP LEVEL4336) AND RECOVERED TO THE HIGH OF 4474 TO CLOSE AT 4453. WE ALSO ADVISED NO LONG BELOW 4390.

NIFTY FUTURE SUPP 4365,4336 RESIST 4460,4510. NIFTY REVERSED EXACTLY FROM SUPP LEVEL 4336 FOR THE DAY. NIFTY IS STILL HEADING FOR A LOWER LEVEL OF 4227 OR EVEN 4021. WE SHALL ADVISE THE BOTTOMING OUT AS AND WHEN IT OCCURS. AVOID SHORT IF NIFTY STAYS ABOVE 4520.

EQUITY
BPCL SUPP 276 RESIST 290,309 BUY
BHARTI ABOVE 790 MAY TOUCH 820
ZEEL SUPP 205,195 RESIST 218,228 SELL AT HIGHER LEVEL
GDL BUY 88 SL 86 TGT 94

FUTURE
GMRINFRA SUPP 105 RESIST 116 BUY AT LOWER LEVEL
IDFC SUPP 115 RESIST 123 ABOVE 125 MAY TOUCH 134
INDIACEM BUY 158 SL 156 TGT 165,169
HCC BELOW 105 TGT 97
CAIRN SELL 300 SL 303 TGT 283
RPL SUPP 165 RESIST 175,181 BUY
WIPRO SUPP 452 RESIST 480,490 SELL AT HIGHER LEVEL SL 492
SATYAMCOMP SUPP 466 RESIST 482,501 SELL AT HIGHER LEVEL

ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in.