Archive for August 1st, 2008

INTRADAYCALLS – 01/08/08



OPENING DAY  OF THE AUGUST SETTLEMENT MAY NOT HAVE A POSITIVE OPENING BECAUSE OF NEGATIVE GLOBAL CUES, WITH DOW DONES CLOSING DOWN BY 205 POINTS AT 11378, ALMOST NEAR THE DAYS LOW OF 11363. ANY NEGATIVE SURPRISE ON THE JOBS REPORT ON FRIDAY MAY STEEPEN THE WEEKEND FALL.  WITH ASIAN MARKETS TAKING THE CUE FROM U.S.  LOCAL MARKETS ARE SET TO OPEN LOWER.

YESTERDAY THE NIFTY JULY FUTURE OPENED FLAT AT 4324 AND WAS RANGE BOUND AS EXPECTED BETWEEN  4285 AND 4347 AND CLOSED AT 4332, ALMOST 571 POINTS HIGHER FROM THE SETTLEMENT LOW.

NIFTY FUTURE SUPP LEVELS  4255, 4166 RESIST 4365,4386. AVOID LONG BELOW 4250 FOR THE DAY.

GMRINFRA SUPP 86,82 RESIST 95, 103 BUY AT LOWER LEVEL

DLF SUPP 487,471 RESIST 502,515

ZEEL SUPP 188,181 RESIST 198,213 BUY AT LOWER LEVEL

IDFC BUY 88 SL 86 TGT 95

CAIRN SELL 247 SL 249 TGT 238,228

RPL SUPP 162,158 RESITS 168,174 BUY AT LOWER LEVEL

SATYAMCOMP SUPP 374,365 RESIST 386, 393 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

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