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INTRADAY CALLS – 01/01/09 – VIJAY

WISHING YOU AVERY HAPPY AND PROSPEROUS 2009

THE YEAR 2008 DECIMATED  NOT ONLY THE WEALTH OF THE GLOBAL INVESTORS,

BUT  ALSO

THEIR CONFIDENCE IN THE MARKETS AS MANY OF THEM FORESEE A GLOOMY FUTURE

AHEAD  WITH NO RECOVERY IN SIGHT. YOU DO NOT OFTEN SEE A YEAR LIKE 2008, WHICH

COMES PROBABLY ONCE IN A LIFE TIME AND BY RECORDS SEEMS TO BE THE WORST SINCE

1937.  THAT ITSELF SHOULD GIVE A SENSE OF SATISFACTION THAT ONE MAY NOT SEE

THE REPEAT  OF SUCH A BAD YEAR IN THE NEAR FUTURE, UNLESS HISTORY FAILS. IT IS

NOT ALL BED OF ROSES IN THE NEW YEAR, WE WILL HAVE UPS AND DOWNS, PROBABLY

DOWNS FIRST. THINGS ARE NOT WHAT THEY WERE  A FEW YEARS AGO. THE CONCEPT

OF INVESTMENT AND THE COMPLICITY OF INSTRUMENTS HAVE CHANGED THE

PERIODS OF BUSINESS CYCLES AND ONLY THE SWIFT SURVIVES. LET US DISCUSS

ABOUT THIS LATER IN DETAIL, FOR NOW THE YEAR 2009  TO PUT IT LIGHTLY,CANNOT

BE WORSE THAN 2008 AT LEAST FOR ONE REASON THAT IT CANNOT FALL BY 10000

POINTS IN BSE AND 3000 POINTS IN NSE AGAIN.  LET US HAVE ENTERTAINING AND

PROSPEROUS 2009.

DOW JONES ON THE LAST DAY FOR RECORD GAINED 108 POINTS AND WAS IN GREEN

THRO THE WHOLE DAY AND CLOSED THE DAY AT 8776, AGAINST THE DAY`S HIGH OF

8842 AND LOST 33.8 PERCENT FROM A YEAR AGO. WEEKLY JOBLESS CLAIMS AT

492000, DOWN BY 94000 FROM THE PREVIOUS WEEK SEEMS TO BE AN ABERRATION

AS CONTINUING CLAIMS CONTINUE TO INCREASE.

NIFTY FUTURE ON THE LAST DAY OF THE YEAR 2008  WAS VOLATILE, BUT WITHIN A

RANGE. IT OPENED HIGHER AT 3000 AND FELL FROM THE HIGH OF 3012 TO THE LOW

OF 2938 AND CLOSED AT 2965 LOSING 10 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

NOTE:  SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.

NIFTY FUTURE SUPP LEVELS 2900,2820 RESISTANCE LEVELS 3015,3045, 3135.

NIFTY FUTURE IS STRUGGLING TO MOVE HIGHER AND THE INABILITY TO

MOVE ABOVE 3050 MAY BRING IT DOWN TO LOWER LEVELS IN THE COMING

WEEK. AVOID SHORT IF NFTY FUTURE CLOSES ABOVE 3050. DISCIPLINE IS THE

HALL MARK OF A GOOD TRADER AND TAKE A RESOLUTION IN THE NEW YEAR

TO TRADE WITH DISCIPLINE IF YOU WANT TO COME OUT AS A WINNER.