Free Intraday Stock Tips

INTRADAY CALLS – 09/09/08

 

NIFTY MOVEMENT TODAY TO DECIDE SHORT TERM TREND

 DOW JONES RALLIED YESTERDAY ON U.S. BAILING OUT THE MORTGAGE GIANTS IN ON OF THE BIGGEST BAILOUT IN THE  HISTORY.  SOME TIMES BACK THEY SAID THE GIANTS WERE TOO BIG TO FALL AND NOW THEY SAY THEY WERE TOO BIG TO BE ALLOWED TO FALL. NATIONALISING THE LOSSED CHEERED THE MARKETS IN THE CAPITALIST COUNTRY AND DOW RALLIED AT OPEN TO THE DAYS HIGH OF 11570 GAINING 350 POINTS AND CAME DOWN SHARPLY TO AROUND 11325 IN THE MIDDLE OF THE SESSION, RECOVERD TO CLOSE AT 11510WITH A NET GAIN OF 290 POINTS. FREDDIE AND FANNIE LOST AROUND 90 PERCENT IN THE PROCESS. LEHMAN BROTHERS, PROBABLY NEXT IN THE LIST WAS DOWN BY OVER 12% ON SPECULATION THAT IT NEEDS CAPITAL INFUSION. ASIAN MARKETS OPEND LOWER ON PROFIT BOOKING AND NIKKEI DOWN BY 185 POINTS AT THIS TIME.

NIFTY FUTURE  OPENED WITH A BIG GAP AT 4542, MOVED HIGHER TO 4565 AND WAS DOWN TO 4498 ON PROFIT BOOKING AND CLOSED AT 4501.

NIFTY FUTURE SUPP LEVELS SUPP 4480, 4322 RESIST 4584, 4650. AVOID LONG BELOW 4480 FOR THE DAY.

WIPRO SUPP 436,426 RESIST 438,454 SELL

HINDUNILVR SUPP 248 RESIST 256,262 BUY SL 246

HINDPETRO BUY 232 SL 229 TGT 240,244

SRF SUPP 135,131 RESIST 143 BUY

RELIANCE SUPP 2135,2080 RESIST 2185,2210 SELL

SATYAMCOMP SUPP 426,415 RESIST 442 BUY AT LOWER LEVEL

 NTPC BELOW 180 TGT 171

INDIANB SUPP 131 RESIST 143 BUY

CAIRN SUPP 227,222 RESIST 243,254 SELL

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