Free Intraday Stock Tips

INTRADAY CALLS – 01/10/08

                                      RECOVERY    – WILL IT LAST?

              

DOW JONES REVERSED IT` S FORTUNE  AND OPENED A LITTLE HIGHER AT 10371 AND WAS GAINING THROUGH OUT THE DAY TO RECOVER MOST OF THE PREVIOUS DAY`S LOSS TO TOUCH THE DAY`S HIGH OF 10868 AND CLOSED AT 10850 GAINING  A NEAT 485 POINTS ON THE HOPES THAT THE FINANCIAL RSCUE PLAN WILL BE PASSED WITH SOME MODIFICATIONS. DESPITE THE DOLLAR GAINING STRENGTH CRUDE RALLIED TO OVER $101 PER BARREL DURING THE DAY.  WE WILL WAIT TO SEE HOW LONG THE RECOVERY LASTS. ASIAN MARKETS ARE POSITIVE AND NIKKEI IS TRADING OVER 139 HIGHER THAN THE PREVIOUS CLOSE AT THIS TIME.

NIFTY FUTURE YESTERDAY THOUGH OPENED LOWER, DID NOT DO DOWN DEEPLY AND HELD ON TO OUR SUPPORT LEVEL OF 3760. WITH THE DAY`S LOW AT 3772, NIFTY RECOVERED SHARPLY ON SHORT COVERING  AND RALLIED TO 3985 AND CLOSED AT 3932, HIGHER BY 44 POINTS FROM PREVIOUS CLOSE.

NIFTY FUTURE SUPP LEVELS 3834,3760 RESIST 3948,4000,4100. AS LONG AS NIFTY STAYS ABOVE 3760, IT MAY RALLY FURTHER AND WE EXPECT STRONG RESISTANCE AROUND 4200 IN THE SHORT TERM AND REVERSAL FROM THERE MAY TAKE NIFTY TO LOWER LEVELS. WE ADVISE BOOKING AT HIGHER LEVELS TO REENTER. AVOID SHORT ABOVE 4000 FOR THE DAY.

WIPRO SUPP 336.325 RESIST 350,356,367 SELL AT HIGHER LEVEL

HINDALCO SUPP 92 RESIST 101,106 SELL AT HIGEHR LEVEL

BANKBARODA SUPP 288,282 RESIST 303,310 SELL AT HIGHER LEVEL

HINDUNILVR SUPP 246 RESIST 256,262 BUY

HINDPETRO SUPP 236 RESIST 246 SELL WITH SL 249

SATYAMCOMP  SUPP 294,279 RESIST 306,321 SELL

TATAMOTORS SUPP 339,332 RESIST 351,356 SELL WITH SL 358

ZEEL BUY 191 SL 189 TGT 202,208

CAIRN SUPP 203,195 RESIST 214,219 BUY

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