Free Intraday Stock Tips

INTRADAY CALLS – 17/11/08 – VIJAY

                                                                VOLATILE WEEK AHEAD

DOW JONES ON FRIDAY OPENED LOWER AND WENT DOWN FURTHER TO THE LOW OF 8469 LOSING 366 POINTS FROM THE PREVIOUS CLOSE AND RECOVERED SMARTLY IN THE AFTERNOON SESSION TO GAIN 88 POINTS AT 8923. LAST HOUR SELLING PULLED DOWN THE INDEX BACK TO ITS LOWS AND DOW CLOSED AT 8497 WITH THE DAY`S LOSS OF 337 POINTS ON TOP OF 552 GAIN ON THURSDAY. OCTOBER RETAIL SALES DECLINED 2.85 WHICH WAS BELOW EXPECTATIONS. WITH MORE BAD NEWS ON CONSUMER PRICE INDEX AND HOUSING STARTS EXPECTED THIS WEEK, MUCH VOLATILITY IS AHEAD. ASIAN MARKETS ARE WEAK AND NIKKEI IS DOWN BY 225 POINTS ATHTHIS TIME.

NIFTY FUTURE ON FRIDAY OPENED HIGHER AT 2895, BRIFLY WENT UP TO 2933, FELL TO THE LOW OF 2770 LATER IN THE DAY AND CLOSED AT 2827 IN A VOLATILE SESSION.

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN.

NIFTY FUTURE SUPP LEVELS 2785,2671.2616 RESIST 2890,2950,3055. ON FRIDAY WE ADVISED BOOKING PROFITS EVEN IF THE MARKET OPENS HIGHER. AS SAID THE MARKETS OPENED HIGHER AND CAME DOWN ON SELLING PRESSURE. NIFTY FUTURE STRUGGLES AT HIGHER LEVELS. AND WE EXPECT THE MARKET TO COME DOWN FURTHER IN THE COMING DAYS.. AVOID LONG BELOW 2770.. KEEP BOOKING PROFITS AT RESISTANCE LEVELS AND RE ENTER AT LOWER LEVELS.

WIPRO SUPP 235 TGT 246,254 AVOID LONG BELOW 230

HINDALCO BUY 54 SL 52 TGT 60 BELOW 52 MAY TOUCH 46

ARIND SUPP 16.5,15 RESIST 18.5,20

BANKBARODA SUPP 271 RESIST 285,292 SELL AT HIGHER LEVEL

HINDUNILVR BUY 228 SL 224 TGT 236,240

HINDPETRO BUY 213 SL 211 TGT 225,232

ICICIBANK BELOW 370 TGT 341

MTNL SUPP 70,67 RESIST 75 BUY AT LOW LEVEL

MARUTI SUPP 536,520 RESIST 554,570 SELL

SATYAMCOMP SUPP 260,251 RESIST 272,284 SELL

TATASTEEL SUPP 173,156 RESIST 184,194 SELL

DLF BELOW 231 TGT 212