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INTRADAY CALLS – 01/12/08 -VIJAY

 

DOW GAINS FOR THE FIFTH DAY AMIDST GLOOM

 

 

DOW JONES GAINED CONTINUOUSLY FOR THE FIFTH DAY, PERCENTAGE

 

WISE A RECORD FOR ,AMIDST UNENDING WOES. THE BLACK FRIDAY

 

SALES WERE UNEXPECTEDLY HIGHER BY 3%, ALTHOUGH THE

 

ECONOMIC DATA TO FLOW NEXT WEEK ARE EXPECTED TO BE BAD.

 

 

 

NIFTY NOVEMBER FUTURE WAS RANGE BOUND ON THE POSTPONED

 

SETTLEMENT DAY BETWEEN 2701 AND 2783 AND CLOSED AT 2755,

 

HIGHER BY SIX POINTS FROM THE PREVIOUS CLOSE.

 

 

 

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 SUPP LEVELS 2710,2640 RESIST 2815,2890. NIFTY MAY OPEN FLAT OR

 

MARGINALLY HIGHER ON GLOBAL CUES. MR. CHIDAMBARAM MOVING

 

FROM FINANCE AND THE P. M. TAKING OVER FROM MAY NOT HAVE BIG

 

IMPACT ON THE MARKET UNDER THE PRESENT CIRCUMSTANCES. AVOID

 

LONG BELOW 2640. WE ONCE AGAING ADVISE BOOKING PROFITS AT

 

HIGHER LEVELS AS THIS MARKET IS STILL VULNERABLE AND THE FALL IS

 

NOT OVER FOR THE MEDIUM TERM.

 

OUR COLUMN WILL RESUME AFTER TWO DAYS