Free Intraday Stock Tips

INTRADAY CALLS – 12/09/08

DOW JONES WAS ON A ROLLER COASTER RIDE YESTERDAY WITH THE INDEX SLIPPING SHARPLY IN THE OPENEING HOURS TO 11098, A LOSS OF 170 POINTS FROM PREVIOUS DAY`S CLOSE ON FINANCIALS WORRY, BUT RECOVERED SWIFTLY IN THE LAST TRADING HOUR AND GAINED 173 POINTS AT THE DAY`S HIGH AND CLOSED NEAR THE DAY`S HIGH AT 11433, WITH A NET GAIN OF 164 POINTS, THANKS TO TRAVEL AND REFINERY SECTORS. TRADE DEFICIT WIDENING TO $62 BILLION AND JOB LOSS CLAIMS DECLINING LITTLE LOWER THAN ESTIMATE WERE SOME  SIGNIFICANTECONOMIC NEWS YESTERDAY. LEHMAN CONTINUED TO FALL FROM WHERE IT LEFT YESTERDAY AND WAS DOWN TO $4.22 AT CLOSE AND TREASURY`S THIS WEEKEND JOB WILL BE TO FIND SOME BUYERS BEFORE MONDAY. ASIAN MARKETS TRADE HIGHER ON WALL STREET RECOVERY AND NIKKEI IS TRADING HIGHER BY 128 POINTS AT THIS TIME.

NIFTY FUTURE YESTERDAY OPENED LOWER YESTERDAY AT 4350, RECOVERED BREIEFLY TO 4372 ONLY TO FALLTO THE DAY`S LOW OF 4286 AND CLOSED 4309.

NIFTY FUTURE SUPP LEVELS 4280,4219 RESIST 4372, 4496. YESTERDAY`S LOWER OPENING AND THE CLOSE AT NEAR LOW HAS WEAKENED  THE NIFTY SIGNIFICANTLY AND WE MAY SEE FURTHER DOWNSIDE. EVEN IF NIFTY OPENS HIGHER ON GLOBAL RECOVERY, IT HAS TO TRADE ABOVE 4380 FOR ANY FURTHER RECOVERY AND ONLY A CLOSE ABOVE 4500 WILL ONLY TAKE NIFTY UP.

WIPRO SUPP 425,421 RESIST 435,444 SELL AT HIGHER LEVEL

BANKBARODA SUPP 303,292 RESIST 323 BUY

HINDUNILVR BELOW 245 TGT 238 RESIST 256

HINDPETRO SUPP 236 RESIST 244,249 BUY

ORIENTBANK SUPP 179 RESIST 189

RELIANCE SUPP 1980, 1959 RESIST 2050 SELL WITH SL 2060

SATYAMCOMP SUPP 415 RESIST 427,435 BUY WITH SL 411

GMRINFRA SUPP 93 RESIST 105 SELL

IDFC BUY 89 SL 87 TGT 95,98

CAIRN SUPP 217,213 RESIST 226,232 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