Archive for August 20th, 2008
INTRADAY CALLS – 20/08/08
DOW JONES AGAIN OPENED FROM WHERE IT HAD CLOSED THE PREVIOUS DAY AND CONTINUED ITS FALL TO THE DAY`S LOW OF 11318 AND RECOVERED TO 11348 LOSING 130 POINTS IN THE PROCESS ON FINANCIAL SECTOR WOES AND WEAK ECONOMIC DATA. ASIAN MARKETS OPENED MARGINALLY LOWER ON THE BACK OF U.S. WEAKNESS.
NIFTY FUTURE YESTERDAY OPENED LOWER AT 4365, TOUCHED THE DAY`S LOW 4331 AND RECOVERED TO CLOSE AT DAY`S HIGH OF 4403.
NIFTY FUTURE SUPP LEVELS 4335,4309 RESIST 4405, 4462. IF NIFTY FUTURE HOLDS THE FIRST SUPP LEVEL IT MAY RECOVER LATER IN THE DAY. AVOID SHORT ABOVE 4410 FOR THE DAY.
DETAILED STOCK CALLS TOMORROW.
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