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INTRADAY CALL – 02/02/09 – VIJAY

GLOBAL WOES WEIGH ON OUR MARKTS

DOW JONES OPENED HIGHER ON THE LAST TRADING DAY OF THE PREVIOUS WEEK

AND GAINED 46 POINTS TO MOVE TO THE DAY`S HIGH OF 8195 ON BETTER THAN

EXPECTED CONTRACTION IN GDP DATA WHICH  WAS AT 3.8% PERCENT DURING

THE FOURTH QUARTER. BUT THE REALISATION THAT CONSUMER SPENDING AND

INCREASE IN INVENTORIES  WERE THE CAUSE FOR A BETTER FIGURE, BROUGHT THE

DOW JONES ON IT`S KNEES AND IT GRADUALLY DECLINED TO THE LOW OF 7961

LOSING 188 POINTS AND RECOVERED LITTLE TO CLOSE  8000 LOSING 148 POINTS.

DOW JONES FACES RESISTANCE AROUND 8500 LEVELS. ASIA OPENED LOWER AND

NIKKEI IS DOWN BY 101 POINTS AT THIS TIME.

NIFTY FUTURE ON FRIDAY OPEND  AT 2770 AND RECOVERED SMATLY FROM 2766

TO THE HIGH OF 2876 AND CLOSED AT 2861 GAINING 76 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 2759,2688 RESISTANCE LEVELS 2870,2902

NIFTY FUTURE MAY OPEN LOWER ON GLOBAL CONCERN.  AVOID LONG BELOW

2755 AND AVOID SHORT ABOVE 2910 FOR THE DAY. NIFTY FUTURE FINDS

SUPPORT AROUND 2650  AND   RESISTANCE  AROUND 3150 IN THE SHORT

TERM AND A CLOSE BELOW 2600 MAY TAKE IT LOWER  LEVELS.

Stock calls : 2-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2875	2830	2900	2939	3010
Short Sell	2822	2844	2805	2734	2695

JET AIRWAYS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY AROUND	177	166	195	208
REMARKS	Buy For Short Term

JP ASSOCIATES

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	77	74	80	84
SELL BELOW	73	74.5	70	64

JINDAL STEEL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	1045	1000	1100	1150
SELL BELOW	980	1015	950	870

BALRAMPUR CHINI

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	61	58	63	67
SELL BELOW	57	59	55	51

ICICI BANK

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	420	412	424	433
SELL BELOW	408	415	400	390

BPCL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	405	398	419	435
SELL BELOW	390	402	378	362

NIFTY TECHNICAL CHART

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