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INTRADAY CALLS – 27/01/09 – VIJAY

MARKETS FLOAT ON THIN ICE

DOW JONES AFTER FALLING 45 POINTS ON FRIDAY GAINED SHARPLY ON FRIDAY

ON THE STRENGTH OF THE FINANCIALS AND DECEMBER EXISTING HOME SALES.

EXISTING HOME SALES WERE AT 4.74 MILLION UNITS FOR DECEMBER, WHICH

WAS HIGHER THAN THE EXPECTATION OF 4.4 MILLION UNITS. DOW JONES

PEAKED AT 8231 GAINING 154 POINTS AND LOST  ALL THE GAINS WHEN

FINANCIALS  SUCCUMBED TO THE SELLING PRESSURE TO POST A LOW OF 8023

LOSING 54 POINTS AND RECOVERED TO CLOSE AT 8116 NETTING A 38 POINTS

GAIN. FINANCIALS LOST 2 PERCENT FROM A GAIN OF 4 PERCENT AT THE

OPENING HOURS. ASIAN MARKETS  GAIN AND NIKKEI ISUP BY 260 POINTS

WITH SUPPORT FROM AUTOMOBILES  AND ELECTRONICS.

NIFTY FUTURE ON FRIDAY OPENED LITTLE HIGHER AT 2697, COULD NOT

MOVE ABOVE 2710 AND FELL TO THE LOW OF 2635 AND CLOSED AT 2661

LOSING 23 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

OUR STOCK CALLS WILL RESUME SHORTLY

NIFTY FUTURE SUPP LEVELS  2625,2565 RESISTANCE LEVELS  2735,2780.

WITH JUST THREE DAYS TO GO FOR THE SETTLEMENT , NIFTY FUTURE

IS LESS VOLATILE  FOR A CHANGE  AND WE MAY SEE A RANGE BOUND

MOVEMENT  FOR THE DAY AND MAY BE TILL THE END OF THIS SETTLEMENT.

NIFTY FUTURE MAY STRUGGLE TO MOVE PAST THE RESISTANCE LEVELS

AND A BREAK BELOW 2625 MAY TAKE IT  TO LOWER LEVELS. AVOID LONG

BELOW 2625 AND SHORT ABOVE 2780 FOR THE DAY.

Stock calls : 27-Jan-2009

NIFTY FUTURE 29 JAN SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2680	2660	2692	2735	2766
Short Sell	2642	2674	2630	2599	2556

SATYAM

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	38	35	42	48
SELL BELOW	33	36	30	25

POWERGRID

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	87	85	88	90
SELL BELOW	84	85	82	81

NTPC

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	182	177.5	184	187
SELL BELOW	176	179	174	171

CIPLA

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	186	183	193	203
SELL BELOW	180	185	177	170

TATA MOTORS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	136	134	140	146
SELL BELOW	133	136	130	127

ULTRATECH CEMENT

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	397	394	403	410
SELL BELOW	389	395	386	381

NIFTY TECHNICAL CHART

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Tags: day trading calls, intraday stock calls, nifty signals