Free Intraday Stock Tips

INTRADAY CALLS – 12/08/08

CRUDE WHICH CONTINUED TO FALL ON MONDAY HELD DOW JONES STEADY . AFTER OPENING STEADILY, DOW RALLIED  BY 134 POINTS, BUT FAILED TO CLOSE ABOVE 11800 ON PROFIT BOOKING AND WAS FINALLY UP BY 48 POINTS AT 11782. GOLD FELL SHARPLY FROM IT SUPP LEVEL OF $850 AND IS ALMOST NEAR THE NEXT SUPP LEVEL OF AROUND $800, A DECISIVE BREAK BELOW WHICH MAY BRING IT TO AROUND $750. FALLING METALS AND COMMODITIES MAY SOON REACH OVER SOLD LEVELS AND MAY BOTTOM OUT IN THE SHORT TERM.  THOUGH THE MARKETS ARE TAKING STRENGTH FROM FALLING CRUDE, IT MAY NOT GO ON CONTINUOUSLY AND SOMEWHERE THIS INVERSE RELATIONSHIP WILL END.

NIFTY FUTURE OPENED HIGHER AT 4610 ON 11/08/08 AND STAYED MOST OF THE DAY AROUND 4600 LEVELS WITH THE DAY`S LOW AND HIGH AT 4588 AND 4642 TO CLOSE AT 4631.

NIFTY FUTURE SUPP LEVELS 4560,4460 RESIST 4655, 4728. NIFTY MAY SEE FURTHER UPSIDE ONLY ON A DECISVE CLOSE ABOVE 4720 LEVELS. AVOID  ALL LONGS  BELOW 4560 FOR THE DAY.

GMRINFRA SELL 110 SL 112 TGT 103

BPCL BUY 316 SL 313 TGT 324,335

GESHIP SUPP 408,403 RESIST 419,425 SELL AT HIGHER LEVEL

ZEEL SUPP 206,201 RESIST 215,220 BUY

GDL SUPP 94 RESIST 101 BUY

IDFC SUPP 104,100 RESIST 112 SELL SL 116

INDIACEM SUPP 160,156 RESIST 167,171 SELL AT HIGHER LEVEL

HCC SUPP 104 RESIST 113,116 BUY

CAIRN SUPP 233,228 RESIST 242,249

INDIANB SUPP 120 RESIST 128,131 SELL AT HIGHER LEVEL

RPL SUPP 162 RESIST 169,171 SELL AT HIGHER LEVEL SL 173

WIPRO SUPP 432 RESIST 448,462  BUY AT LOWER LEVEL

HINDALCO SUPP 144,141 RESIST 149,153 SELL

SATYAMCOMP SUPP 405,393 RESIST 419 BUY AT LOWER LEVEL

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