Free Intraday Stock Tips

INTRA DAY CALLS – 07/11/08 – VIJAY

rong> GLOBAL MARKETS CRUMBLE ON ECONOMIC OUTLOOK

DOW JONES CONTINUED THE DOWNWARD JOURNEY FOR THE SECOND DAY DUE TO POOR ECONOMIC DATA. JOBLESS CLAIMS FOR THE WEEK AT 481000 AND DECLINING RETAIL SALES HAVE LED TO A SUBSTANTIAL DROP IN THE INDEX. DOW STARTED FALLING RIGHT FROM THE OPEN AND FELL TO THE LOWEST LEVEL OF 8637 AND CLOSED AT 8695 LOSING 443 POINTS FOR THE DAY AND NEARLY 1000 POINTS IN THE LAST TWO DAYS.

DECLINING CRUDE AND MELTING COMMODITIES ADDED TO THE WOES. ASIAN MARKETS ARE NO DIFFERENT AND ARE TRADING AT LOWER LEVELS. NIKKEI IS DOWN BY 413 POINTS AS OF NOW ON STRENGTHENING YEN.

NIFTY FUTURE OPENED LOWER AT 2898, FELL FURTHER TO 2851, RECOVERED TO 3020 LATER IN THE DAY, ONLY TO FALL TO LOWER LEVELS AND CLOSED AT 2882 LOSING 89 POINTS.

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

<p>NIFTY FUTURE SUPP LEVELS 2800, 2671,2616 RESIST 2950, 3020, 3140. NIFTY FUTURE MAY OPEN LOWER AGAIN. SINCE HEAVY WEIGHTS ARE WEAK, NIFTY MAY FALL TO LOWER LEVELS AS HAD BEEN SAID IN THIS COLUMN. BELOW 2600 NIFTY MAY RETEST OR BREAK BELOW EARLIER LOWS IN THE COMING DAYS. AVOID SHORT DURING THE DAY IF NIFTY FUTURE TRADES ABOVE 2960.

WIPRO SUPP 245,233 RESIST 269,275 BUY AT LOWER LEVEL SL 230

HINDALCO BELOW 53 TGT 46

BANKBARODA SUPP 271,263 RESIST 282,292 SELL

HINDUNILVR SUPP 236, 226 RESIST 245,249 BUY AT LOWER LEVELS

ICICIBANK BELOW 415 TGT 400,380

ORIENTBANK SUPP 136,132 RESIST 145,148 BUYAT LOWER LEVEL

RELIANCE SUPP 1125, 1085,1005 RESIST 1230

SATYAMCOMP SUPP 264,258,241 RESIST 275,284 SELL

GMRINFRA SUPP 56,50 RESIST 66 BUY AT LOWER LEVEL