Free Intraday Stock Tips

INTRADAY CALLS – 08/08/08

UNENDING WOES IN THE U.S. FINANCIAL SECTOR PULLED DOW JONES DOWN BY 224 POINTS TO 11431. DESPITE PENDING HOME SALES IN JUNE ROSE ABOVE EXPECTATION TO 5.3%,  CLIMBING UN EMPLOYMENT FIGURES AND DISAPPOINTING RETAIL SALES  KEPT DOW JONES THROUGHOUT THE DAY IN THE NEGATIVE AND STEADY CRUDE PRICES ALSO  ADDED TO THE WOES.  FINANCIAL STOCKS IN ASIAN MARKETS OPENED LOWER  ON U.S. WORRIES.

NIFTY FUTURE YESTERDAY OPENED AT 4490 AND NEVER STAYED BELOW 4500 AFTER THAT, ROSE TO THE DAY`S HIGH OF 4599 (OUR RESISTANCE LEVEL 4592), AND CLOSED LOWER AT 4527 ON PROFIT BOOKING.

NIFTY FUTURE SUPP LEVELS 4502, 4408 RESIST 4592,4655.  MARKETS ARE EXPECTED TO OPEN LOWER ON GLOBAL CUES AND BANKING STOCKS MAY SEE SOME PROFIT BOOKING. AVOID LONG BELOW 4500 FOR THE DAY.  LONGS AT LOWER LEVEL WITH STRICT STOP LOSS IS ADVISED.

GMRINFRA SUPP 98, 94 RESIST 104,109 BUY AT LOWER LEVEL

ZEEL SUPP 201,197 RESIST 212 BUY AT LOWER LEVEL

GDL BUY 90 SL 87 TGT 101

IDFC SUPP 104,100 RESIST 112 SELL AT HIGHER LEVEL

INDIACEM SUPP 157,150 RESIST 167,171 BUY AT LOWER LEVEL

CAIRN SUPP 239,233 RESIST 249,256 BUY AT LOWER LEVEL

INDIANB SUPP 112,107 RESIST 118,126 BUY AT LOWER LEVEL

WIPRO BELOW 445 TGT 432

SATYAMCOMP SUPP  410,405 RESIST 420 SELL WITH SL 422

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