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INTRADAY CALLS – 25/09/08

INDECISIVENESS KEEPS MARKETS  RANGE BOUND

 

DOW JONES WAS RANGE BOUND YESTERDAY WITH THE DECISION ON THE BAILOUT SCHEME STILL HANGING AND WAS BETWEEN 10928 AND 10753 DURING THE DAY AND CLOSED MARGINALLY LOWER BY 29 POINTS AT 10825 ON LOWER VOLUMES. ON THE ECONOMIC NEWS SIDE AUGUST EXISTING HOME SALES FELL BY 2.2%, WHICH IS HIGHER THAN ESTIMATES. CRUDE STAYS AROUND $105. ASIAN MARKETS ARE MIXED AND NIKKEI IS DOWN BY OVER 100 POINTS.

NIFTY SEPTEMBER  FUTURE YESTERDAY WAS BETWEEN 4140 AND 4240 AS SAID IN THIS COLOUMN AND RECOVERED FROM THE LOW OF 4143 ON SHORT COVERING AND CLOSED AT 4190GAINING 45 POINTS FROM PREVIOUS CLOSE.

NIFTY SEPTEMBER FUTURE SUPP LEVELS 4140, 4050,3900 RESIST 4240,4318. NIFTY THOUGH MAY BE VOLITILE BEING THE LAST DAY OF THE SETTLEMENT IS EXPECTED TO BETWEEN THE SAME RANGE AS YESTERDAY AND MAY LOSE SOME GROUND IN HTE LATER HALF OF THE DAY. AVOID LONG BELOW 4140.

WIPRO SUPP 367 RESIST 382,392 SELL AT HIGHER LEVEL

HINDALCO BUY 106 SL 104 TGT 112,114

BANKBARODA SUPP 297,292 RESIST 310,322 BUY AT LOWER LEVEL

HINDUNILVR BUY 246 SL 243 TGT 252,256

HINDPETRO SUPP 232,224 RESIST 239,245 BUY

NATIONALUM BUY 412 SL 409 TGT 426,433

RELIANCE SUPP 2028,2000 RESIST 2069,2090

SATYAMCOMP SUPP 320 RESIST 348,366 SELL AT HIGHER LEVEL

BPCL ABOVE 356 TGT 367

ZEEL BUY 196 SL 194 TGT 205

CAIRN SUPP 223 RESIST 235,241 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

INTRADAY CALLS – 24/09/08

BAILOUT SCHEME YET TO BE BAILED OUT

 

$700 BILLION RESCUE PLAN BY THE TREASURY TO BUY ILLIQUID ASSETS FROM FINANCIAL FIRMS DOES NOT SEEM TO COME THROUGH EARLY AS SENATE MEMBERS DEMANDING MORE CLARITY AND SOME MODIFICATION TO THE SCHEME.  DOW JONES  WAS ALTERNATING BETWEEN POSITIVE AND NEGATIVE TERRITORY WITH DAY`S HIGH AT 11143, GAINING 127 POINTS AND DAY`S LOW AT 10833 LOSING 183 POINTS. HOWEVER IT FELL SHARPLY IN THE LAST HOUR  AND CLOSED AT 10854 POINTS NETTING A LOSS OF 161 POINTS. BUFFETT BUYING IN TO  GOLDMAN`S PERPETUAL PREFERRED STOCK FOR $5 BILLION  HELPED THE STOCK TO RECOVER IN THE AFTER HOURS TRADING. ASIAN MARKETS OPENED NEGATIVELY AND NIKKEI IS DOWN BY MORE THAN  140 POINTS AS OF NOW.

NIFTY SEPTEMBER  FUTURE  AFTER OPENING LOWER AT 4158 RECOVERED TO 4244 AND FELL TO THE DAY`S LOW OF 4132 AND CLOSED AT 4145 LOSING 75 POINTS.

NIFTY FUTURE SUPP LEVELS 4140, 4050, 3900 RESIST 4240, 4318. NIFTY FUTURE MAY FIND IT DIFFICULT TO MOVE ABOVE 4240 FOR THE DAY. WAIT FOR THE NIFTY TO BOTTOM OUT FOR ANY LONG AS WE FEEL THE NIFTY IS POISED FOR THE DOWNSIDE AND MAY RETEST THE LOW LEVELS. AVOID SHORT FOR THE DAY IF IT TRADES ABOVE OF 4140.

WIPRO SUPP 390,381,367 RESIST  407,417 SELL AT HIGH LEVELS

HINDALCO SUPP 106 RESIST 112,115

ACC SUPP 617,610 RESIST 630,636 BUY AT LOWER LEVEL

HINDUNILVR BUY 245 SL 243 TGT 252,256

HINDPETRO SUPP 222 RESIST 240,245

MTNL BUY 88 SL 86 TGT 92,95

RELIANCE SUPP 2000,1947 RESIST 2090,2139 SELL

SATYAMCOMP SUPP 326,318 RESIST 348,366 SELL AT HIGH LEVEL

SBIN SUPP 1490,1430 RESIST 150,1578 SELL AT HIGHER LEVEL

NTPC BELOW 175 TGT 167

GMRINFRA BELOW 87 TGT 83

ZEEL BUY 195 SL 192 TGT 205

CAIRN SUPP 220,215 RESIST 230 SELL AT HIGHER 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

INTRADAY CALLS – 23/09/08

 REALITY DAWNS AND GLOBAL RALLY FALTERS

 

THE BIGGEST BAIL OUT COULD NOT CARRY THE MARKETS FOR  THE SECOND DAY AS UNCERTAINITY PREVAILED OVER THE MODALITIES OF THE BAIL OUT AND THE NEWS OF THE  REMAINING TWO BIGGEST INVESTMENT BANKS BEING CONVERTED  AS TRADITIONAL BANKS ADDING  TO THE FALL. CAPITALISM HAS CERTAINLY TAKEN THE BACK SEAT AS SURVIVAL BECOMES TOUGHER. DOW JONES STARTED FALLING FROM YESTERDAY`S CLOSE AND FELL TO  THE DAY`S LOW OF 10992 AND CLOSED AT 11015 LOSING 372 POINTS. ASIAN MARKETS FOLLWED WITH LOWER OPENING. CRUDE SPIKED TO THE BIGGEST INTRA DAY GAIN AND TOUCHED  $130 ON THE OCTOBER CONTRACT DELIVERY DAY ON SHORT COVERING.  NIKKEI  IS CLOSED FOR THE DAY.

NIFTY FUTURE YESTER DAY OPENED HIGHER , BUT FAILED TO STAY AT THE LEVEL AND FELL TO THE DAY`S LOW OF 4216 AND CLOSED AT 4220.

NIFTY FUTURE SUPP LEVELS  4184, 4140 RESIST 4318,4372. NIFTY FUTURE MAY OPEN LOWER ON GLOBAL FOLLOW UP . AVOID ALL LONGS BELOW 4140. NIFTY MAY MOVE UP IF IT STAYS ABOVE 4180 DURING THE DAY.

WIPRO SUPP  411,403 RESIST 424,432 SELL

HINDALCO BUY106 SL 104 TGT 115

BANKBARODA BELOW 304 TGT 294

HINDUNILVR BUY 245 SL 243 TGT 252,256

HINDPETRO SUPP 228,221 RESIST 235,240 BUYAT LOWER LEVEL

RELIANCE SUPP 2000,1947 RESIST 2090,2139 SELL

SATYAMCOMP SUPP 350, 328 RESIST 368,378 SELL

AMBUJACEM BUY 82 SL 81 TGT 88,91

GMRINFRA BELOW 87 TGT 83

ZEEL SUPP 200,196 RESIST 212 SELL SL 214

CAIRN SUPP 215 RESIST 230 SELL AT HIGHER 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