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INTRADAY CALLS – 28/01/09 – VIJAY

MARKETS ACCUSTOMED TO POOR RESULTS

DOW JONES STAYED FIRM ON THIN VOLUMES WITH NO IMPORTANT ECONOMIC DATA

FOR THE DAY OTHER THAN CONSUMER CONFIDENCE, WHICH WAS AT A NEW LOW.

ACTION WAS CHOPPY AT DOW JONES  AS IT MOVED BETWEEN  8083 AND 8225

LOSING AND GAINING 33 AND 109 POINTS AT LOW AND HIGH LEVELS

RESPECTIVELY AND CLOSED WITH A GAIN OF 58 POINTS AT 8174.  MARKETS SEEMS

TO HAVE BECOME IMMUNE TO POOR RESULTS AND THEY MOVE UP WITH THE

EXCUSE THAT THE RESULTS WERE ABOVE EXPECTATIONS. ASIA  IS MIXED AND

NIKKEI IS AT PRESENT DOWN MARGINALLY.

NIFTY FUTURE  OPENED HIGHER AT 2705 AND MOVED UP STEADILY TO 2777 AND

CLOSED AT 2765 GAINING 104 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 SUPPORT LEVELS  2704,2625 RESISTANCE LEVELS 2800,2869

ABOVE 2800 NIFTY FUTURE MAY TOUCH 2900 LEVELS IN THE COMING

DAYS. AVOID SHORT ABOVE 2800 AND AVOID LONG BELOW 2700 FOR THE

DAY.  NIFTY FUTURE MAY BE RANGE BOUND AHEAD OF THE SETTLEMENT.

Stock calls : 28-Jan-2009

NIFTY FUTURE 29 JAN SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2774	2741	2789	2817	2865
Short Sell	2734	2755	2727	2679	2651

SATYAM

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	49.5	47.5	54	62
SELL BELOW	46	49	41	36

RELIANCE INFRA

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	540	525	553	575
SELL BELOW	521	529	511	477

BPCL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	389	380	395	406
SELL BELOW	376	381	370	357

RELIANCE PETROLEUM

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	82	79	83	84
SELL BELOW	78	80	77	75

IDEA

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	45	44	46.5	48
SELL BELOW	43	44.5	42	40.3

HUL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	255	250	260	265
SELL BELOW	249	253	245	238

NIFTY TECHNICAL CHART

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