Archive for January 2nd, 2009

INTRADAY CALL – 02/01/08 – VIJAY



NEW YEAR BEGINS ON A POSITIVE NOTE

WITH MOST OF THE GLOBAL MARKETS CLOSED FOR THE NEW YEAR , INDIAN MARKET

MANAGED TO POST GAINS  ON THE FIRST DAY OF 2009.  WHETHER IT WILL END THE

YEAR WITH GAIN IS CERTAINLY A TOUGH PREDICTION AND ONE THING THAT CAN

BE SAID FOR SURE IS THAT WE WILL HAVE A VOLATILE YEAR WITH ROLLER

COASTER RIDES. WORSENING GLOBAL RECESSION, CROSS BORDER DISPUTES ,

ELECTION WITH THE POSSIBILITY OF A HUNG PARLIAMENT ARE SOME

OF THE EVENTS WHICH CAN PUSH THE MARKET TO UNPREDICTABLE LEVELS. LET

US HOPE WE DO NOT HAVE ANY OTHER UNFORESEEN EVENTS WHICH CAN ALTER

THE MARKET DIRECTION.   FACE THE MARKET COURAGEOUSLY. A GOOD TRADER

IS ONE WHO LIKES A VOLATILE MARKET.  MOST OF THE PEOPLE LOSE IN

VOLATILE CONDITIONS. BUT, UNFOTUNATELY THAT IS HOW THE MARKETS ARE.

UNLESS, YOU ARE ABLE TO MAKE MONEY(ATLEAST NOT LOSING MONEY)

IN SUCH SITUATIONS,  WITH STRICT LOSS LIMITING STRATEGIES, PLEASE

DO NOT TRADE.  MAKE A PLEDGE THAT YOU WILL NOT ENTER INTO A TRADE

WITHOUT DECIDING THE AMOUNT OF LOSS  YOU CAN AFFORD AND KEEP THE

PROFIT TARGET ATLEAST TWICE THE AMOUNT OF LOSS. HAVE A GOOD

TRADING YEAR.

NIFTY FUTURE ON THE NEW YEAR DAY  OPENED HIGHER AT 2989, BRIEFLY

WENT DOEN TO 2975 AND RALLIED TO 3053 TO CLOSE AT 3045 GAINING

80 POINTS FROM 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  2963, 2900 RESISTANCE LEVELS 3045,3135. NIFTY

FUTURE MAY OPEN NEAR FLAT LEVELS AND ABOVE 3050 MAY FIND

RESISTANCE AT 3135 LEVELS. A RANGE BOUND TRADING IS POSSSIBLE FOR THE DAY.

AVOID LONG AT HIGHER LEVELS FOR THE DAY.

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stock calls : 2-1-2009

Tips for NIFTY Future (29-Jan)

Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 3051 3016 3065 3094 3143
Short Sell 3009 3031 3002 2954 2924

Intraday Stock Calls

Company : LIC Housing Finance

Buy            :  Above 235

Target       : 241-243

Stoploss   : 231

Remarks   : Cash Intraday

Company : GTOFFSHORE ( Great Offshore Ltd )

Buy            :  Above 253

Target       : T1 -260    T2-273

Stoploss   :  241

Remarks   : Cash Intraday

OR

Sell            :  Below 240

Target       : T1 -232    T2-214

Stoploss   :  243

Remarks   : Cash Intraday

SATYAMCOMP (Satyam Computer Services )

Buy            :  Above 183

Target       : T1 -185    T2-189

Stoploss   :  179

Remarks   : Cash Intraday

OR

Sell            :  Below 178

Target       : T1 -175    T2-171

Stoploss   :  180

Remarks   : Cash Intraday


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