Free Intraday Stock Tips

INTRADAY CALLS – 06/01/09 – VIJAY

MARKETS TREAD ON THIN VOLUMES

DOW JONES YESTERDAY WAS CHOPPY WITH LOWER VOLUMES ONCE AGAIN AND WAS

NEVER IN THE GREEN YESTERDAY. AFTER OPENING LOWER DOW WAS IN A RANGE

BETWEEN THE LOW AND HIGH OF 8892 AND 9034  LOSING 142 POINTS AT THE

LOWEST LEVEL AND  CLAWED BACK A LITTLE TO CLOSE AT 8952 WITH A LOSS

OF 81 POINTS FOR THE DAY. WITH CONSTRUCTION SPENDING FOR DECEMBER WAS

THE ONLY ECONOMIC NEWS, WHICH WAS HIGHER THAN EXPECTATAION  WHEN IT

FELL BY BYJUST.6 PERCENT, THE DOW WAS NOT MUCH IMPRESSED.  WITH ASIA

MOVING HIGHER NIKKEI IS UP FOR THE SIXTH SESSION WITH A GAIN OF 105

POINTS AT THIS TIME.

NIFTY FUTURE OPENED HIGHER AT 3087,  MOVED DOWN TO 3066 AND WAS RANGE

BOUND TILL LATE AFTER NOON AND GAINED SHARPLY IN THE LAST HOUR

TO THE DAY`S HIGH OF 3138 AND CLOSED AT 3133 GAINING 70 POINTS.

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  3046,3005 RESISTANCE LEVELS 3135,3275

AVOID SHORT IF NIFTY TRADES ABOVE 3140 FOR THE DAY AND AVOID

LONG BELOW 3045. NIFTY FUTURE IS GAINING ON THE BACK OF

STIMULUS AND INTEREST RATE CUTS.  RIDE THIS RALLY AS

LONG AS IT LASTS AND EXIT AT THE SIGN OF REVERSAL WITH STRICT

STOP LOSS.  WE SHALL ADVISE ANY REVERSAL AS AND WHEN IT HAPPENS.

Stock calls : 6-Jan-2009

YES BANK

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY	88-88.50	85	92	95
Remarks	In 2-3 Days

RCOM

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	264	261	268	273
S.SELL BELOW	260	262	258	252

Cairn

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	183	179.5	186	190
S.SELL BELOW	178.5	181	176.5	170

Canara Bank

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	211	207	215	222
S.SELL BELOW	206	208	203	195