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INTRADAY CALLS – 29/08/08

UPWARD REVISION IN THE SECOND QUARTER GDP GROWTH TO 3.3% FROM THE PREVIOUSLY REPORTED 1.9% , JOBLESS CLAIMS FALLING IN THE PREVIOUS WEEK BY 10000 TO 425000, CRUDE  EASING BELOW $116 FROM $ 120 AND OFCOURSE LOW VOLUMES, TOOK DOW  JONES TO THE DAY`S GAIN OF 212 POINTS AT 11715. WITH NOT MUCH OPTIMISM ATTACHED TO THE GROWTH IN SUBSEQUENT QUARTERS, RIDE THE RALLY TILL  IT LASTS. ASIAN MARKETS OPENED HIGHER AS EXPECTED AND NIKKEI IS +250 AT THIS TIME.

BACK HOME NOT MUCH OF CHEER YESTERDAY , THE CLOSING DAY OF AUG SETTLEMENT. NIFTY FUTURE OPENED AT 4292, FELL TO 4208 FROM THE HIGH OF 4302 AND CLOSED NEAR LOW AT 4218 LOSING AROUND 72 POINTS DURING THE DAY AND LSOING 114 POINTS FROM THE PREVIUS SETTLEMENT. ONLY SILVER LINING WAS AN IMPROVEMENT IN THE ROLL OVER POSITION ON THE LAST DAY.

NIFTY FUTURE SUPP LEVELS 4219,4174 RESIST 4300, 4360. NIFTY FUTURE IS EXPECTED TO OPEN HIGHER ON GLOBAL GAINS AND ON LOWER THAN EXPECTED INFLATION. INFLATION IS STILL THE BIGGEST WORRY AND MAY NOT COOL DOWN  IN THE NEAR FUTURE.  WE DO NOT EXPECT RUN AWAY RISE IN NIFTY AND WE EXPECT IT TO BE RANGE BOUND BETWEEN 4650 AND 3800 DURING THIS SETTLEMENT. AVOID LONG BELOW 4160. DO NOT JUMP TO BUY IF MARKET OPENS STEEPLY HIGHER.

GMRINFRA BUY 99 SL 97 TGT 104,107

BPCL BUY 278 SL 275 TGT 294

BHARTIARTL SUPP 806,793 RESIST 829,838 SELL

ZEEL SUPP 210,207 RESIST 218,223 BUY

IDFC SUPP 88 RESIST 96,99

INDIACEM SUPP  130,125 RESIST 145 SELL

CAIRN SUPP 247,242 RESIST 256,262 SELL AT HIGHER LEVEL

INDIANB BUY 119 SL 117 TGT 126

RPL  SUPP 154,150 RESIST 160,164 BUY AT LOWER LEVEL

WIPRO SUPP 406,392 RESIST 425 SELL AT HIGHER LEVEL

HINDUNILVR SUPP 239,235 RESIST 248

ICICIBANK SUPP 634,626 RESIST 652,667 SELL AT HIGHER LEVEL

RELIANCE SUPP 2042 RESIST 2150,2196 SELL AT HIGHER LEVEL

SATYAMCOMP SUPP 403,398 RESIST 417, 427 SELL

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

INTRADAY CALLS – 28/08/08

LOW ROLL OVER AND LIQUIDITY – CAUSE FOR WORRY?

 

DOW JONES OPENED FLAT , MOVED LOWER BY 30 POINTS IMMEDIATLEY, RECOVERED SMARTLY TO THE DAY`S HIGH AT 11554, GAINING 142 POINTS AND CLOSED  AT 11502 SHEDDING SOME OF THE GAINS , ON THIN VOLUMES FOR THE THIRD DAY.  DURABLE GOODS  ROSE 1.3% MONTH OVER MONTH IN JULY BEATING EXPECTATION. TROPICAL STORM GUSTAV DEVELOPING IN TO A HURRICANE PULLED THE CRUDE PRICES SMARTLY TO $118 AND PUT THE BRAKES ON GAINING INDEX. HOWEVER FINANCIALS SAVED THE DAY. NIKKEI, AFTER OPENING HIGHER , TRADING MARGINALLY NEGATIVE AT THIS TIME.

NIFTY FUTURE  FELL FROM WHERE IT CLOSED ON 27.8.08. AFTER TRADING FLAT MOST OF THE DAY FELL TO THE DAY`S LOW OF 4281 ABD CLOSED AT 4290 LOSING 62 POINTS FROM PREVIOUS CLOSE ON MUCH LOWER VOLUMES. 

NIFTY AUGUST FUTURE SUPP LEVELS 4279,4252,4174 RESIST 4365,4409.DEPLETING VOLUMES INDICATE LOW APPETITE FOR CARYYOVER AND A CAUSE FOR CONCERN. LIQUIDITY IS DRAINING IN MOST OF THE STOCK FUTURES. ADDITIONAL 39 STOCKS INCLUDED IN THE DERIVATIVE SEGMENT DONOT HELP EITHER AS MOST OF THEM ARE HIGHLY ILLIQUID IN CASH MARKET. WE MAY ONCE AGAIN SEE A RANGE BOUND DAY AND VOLUME OF CARRY OVER MAY DECIDE THE SHORT TERM TREND. INFLATION AND CRUDE PRICE MAY INDUCE SOME MOVEMENTS. AVOID LONGS BELOW 4250.

GMRINFRA SUPP 98,93 RESIST 104,107 SELL AT HIGHER LEVEL

BPCL SUPP 293,287 RESIST 303,307 SELL

BHARTIARTL SUPP 792 RESIST 816,828 BUY SL 789

DLF SUPP 472,465 RESIST 491,502 SELL AT HIGHER LEVEL

ZEEL SUPP 211,207 RESIST 218,224 BUY AT LOWER LEVEL

IDFC SUPP 91,88 RESIST 96,99 BUY AT LOWER LEVEL

CAIRN SUPP 239 RESIST 248 BUY

INDIANB SUPP 119 RESIST 126,130 BUY SL 117

WIPRO SUPP 424,417 RESIST 434,440 SELL AT HIGHER LEVEL

HINDALCO SUPP 130 RESIST 141 SELL

HINDUNILVR BUY 242 SL 240 TGT 249,254

INFOSYSTCH SUPP 1690,1671 RESIST 1728,1742 SELL AT HIGHER LEVEL

RELIANCE SUPP 2140,2118 RESIST 2185,2205 SELL

SATYAMCOMP SUPP 398,388 RESIST 409,416 SELL

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

INTRADAY CALLS – 27/08/08

NOT MUCH VOLATILE AHEAD OF SETTLEMENT

 

DESPITE LOT OF ECONOMIC DATA DOW JONES MOVED IN BAND OF LESS THAN 100 POINTS, WITH LOWEST VOLUME SO FAR IN 2008. DOW JONES OPENED FLAT WENT DOWN BY 46 POINTS , GAINED 50 POINTS LATER ON THE BACK OF ENERGY STOCKS AND CLOSED AT 11412 WITH A NET GAIN OF 26 POINTS. NEW HOME SALES AT 515000 WAS LESSER THAN EXPECTATION, HOME PRICES DROPPED 15.9%,  EVEN THOUGH LARGEST ON RECORD, WAS BETTER THAN EXPECTED AND CRUDE RALLY ON HURRICANE CONCERNS  KEPT THE MARKET IN NARROW RANGE. FREDDIE, FANNIE AND LEHMAN GAINED MODERATELY ON NO FURTHER BAD NEWS. JAPAN`S NIKKEI TRADING NEGATIVELY AT THIS TIME .

NIFTY AUGUST FUTURE OPENED LOWER AT 4308,WENT DOEN TO 4290 AND RECOVERED TO 4360, TO CLOSE AT 4352.

NIFTY AUGUST FUTURE SUPP LEVELS 4252,4174 RESIST 4369,4409.  ANOTHER LACKLUSTURE DAY MAY BE IN THE OFFING, WITH ROLL OVER NOT PICKING UP. AVOID LONG BELOW 4250.

GMRINFRA SUPP 98 RESIST 104,107 SELL AT HIGHER LEVEL

BPCL SUPP 296,286 RESIST 309,318 SELL

BHARTIARTL SUPP 792,782 RESIST 816,828 BUY SL 789

ZEEL SUPP 207 RESIST 219,224 BUY AT LOW LEVEL

IDFC BUY 91 SL 88 TGT 98,103

INDIACEM  BUY 137 SL 135 TGT 145,149

CAIRN SUPP 238,232 RESIST 248,252

INDIANB SUPP 119 RESIST 126,130 BUY SL 117

RPL BUY 157 SL 155 TGT 165,169

WIPRO SUPP 424,417 RESIST 433,440 SELL

HINDALCO SUPP 129,127 RESIST 135,141 SELL

HINDUNILVR BUY 241 SL 239 TGT 249,254

SATYAMCOMP SUPP 397,388 RESIST 409,415 SELL

NTPC ABOVE 174 MAY TOUCH 180

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in