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INTRADAY CALLS – 09/01/09 – VIJAY

SATYAM (TRUTH) ALWAYS PREVAILS

DOW JONES FELL BY  245 POINTS ON WEDNESDAY ON A WORSE THAN EXPECTED ADP

EMPLOYMENT REPORT AND EARNINGS WARNING FROM INTEL TO CLOSE AT 8769.

IT WAS WAL-MART`S TURN ON THURS DAY TO PULL DOW TO LOWER LEVELS.

DOW JONES OPENED LOWER AND WENT DOWN BY 118 POINTS TO THE LOW OF

8651 AND RECOVRED TO THE LEVEL OF 8770 AND CLOSED THE DAY AT 8742

LOSING JUST 27 POINTS. FRIDAY`S NON FARM PAY ROLLS MAY TRIGGER THE

NEXT MOVMENT OF THE MARKET. ASIAN MARKETS REMAIN MIXED AND NIKKEI

AFTER OPENING POSITIVELY IS DOWN BY 68 POINTS AS OF NOW.

NIFTY FUTURE ON WEDNESDAY OPENED HIGHER  AND WAS UP BY 11 POINTS

AT 3144, WHEN NEWS OF SATYAM (THE TRUTH) CAME AND NIFTY FUTURE

STARTED FALLING RAPIDLY  TO THE LOW OF 2880 AND CLOSED AT 2911

LOSING 222 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

NIFTY FUTURE SUPP LEVELS  2820,2801 RESIST 2998, 3037.  AS WE HAVE  BEEN

WARNING THESE PULL BACK RALLIES WILL HAVE SUDDEN REVERSALS AND

WILL FIND IT DIFFICULT TO RETRACE THE PREVIOUS GAINS.  THE NEWS OF

SATYAM COMP WAS A BIG DAMPENER TO THE MARKET AND HOW FAR AND

DEEP WILL BE ITS IMPACT TO THE INDUSTRY AND TO THE MARKET IS TO BE

SEEN. WE EXPECT THE WOUNDS TO BE DEEP AND PAIN WILL BE FELT FOR

LONG TIME. WHY WE HAVE BEEN STRESSING ABOUT THE NEED FORHEDGING

AND STOPLOSS EVERY DAY MUST HAVE BEEN FELT BY MANY TRADERS.

AVOID SHORT IF NIFTY TRADES ABOVE 3040 FOR THE DAY, WHILE A BREAK BELOW

2800 MAY WEAKEN THE MARKET FURTHER.

Stock calls : 9-Jan-2009

TATA STEEL

Action	Trigger Price	Stop Loss	Target-1	Target-2
SELL BELOW	233	240	223	212
REMARKS	INTRADAY SELL

HINDUSTAN UNILEVER

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	253	248	256	261
S.SELL BELOW	247	249	244	237

INFOSYS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	1195	1177	1225	1251
S.SELL BELOW	1170	1184	1159	1128

GUJRAT N R E Coke

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	33.2	32.5	35	38
S.SELL BELOW	32	32.8	30	28