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INTRADAY CALLS – 07/08/08

WITH MIXED EARNING REPORTS AND FEDDIE MAC, THE MORTGAGE GIANT , REPORTING A LOSS OF $821 MILLION, THE FINANCIALS BROUGHT DOWN DOW JONES BY AROUND 95 POINTS IN THE MORNING SESSION. HOWEVER, HIGHER CRUDE INVENTORY PULLED BACK THE INDEX TO POSITIVE ZONE AND DOW CLOSED HIGHER BY 40 POINTS AT 11656.  AIG, INSURANCE GIANT, PLUNGED IN THE AFTER HOURS  WITH A LOSS OF $5.36 BILLION IN THE SECOND QUARTER.

NIFTY FUTURE OPENED HIGHER YESTERDAY AT 4624, ALMOSTNEAR THE DAY`S HIGH OF 4630 , ONLY TO FALL TO THE DAY`S LOW OF 4509 ANDCLOSED AT 4527. AS SAID , BANKING STOCKS OPENED HIGHER AND MOST OF THEM CLOSED LOWER ON PROFIT BOOKING.

NIFTY FUTURE SUPP LEVELS 4502,4408 RESIST 4592,4655. LONGS AT LOWER SUPPORT LEVEL IS ADVISABLE IF IT BREAKS BELOW 4500, OFCOURSE WITH STOP LOSS.

GMRINFRA SUPP 101,98 RESIST 109 BUYAT LOWER LEVEL

BPCL SUPP 334,329 RESIST 344,355 BUY AT LOWER LEVEL

DLF SUPP 524, 501 RESIST 553,569 SELL AT HIGHER LEVEL

ZEEL SUPP 204,201 RESIST 213 BUY AT LOWER LEVEL

IDFC SELL 112 SL 114 TGT 105,100

CAIRN SUPP 233,229 RESIST 242,246 BUY AT LOWER LEVEL

INDIANB BUY 112 SL 108 TGT 122

RPL SUPP 169,163 RESIST 178 SELL AT HIGHER LEVEL

WIPRO BELOW 445 TGT 432

SATYAMCOMP SUPP 404,393 RESIST 417 SELLW WITH SL 420

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