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INTRADAY CALLS – 03/02/09 – VIJAY

MARKET MAY REMAIN RANGE BOUND FOR THE DAY

WITH NOT MUCH SIGNIFICANT ECONOMIC NEWS DOW JONES WAS IN A TIGHT

RANGE 133 POINTS DURING THE DAY. DOW OPNED LOWER AND TOUCHED A NEW

LOW FOR THE YEAR 2009 AT 7867 LOSING 133 POINTS AT LOW  AND PULLED

BACK TO CLOSE AT 7936 LOSING 64 POINTS ON A DAY WHEN IT NEVER TRADED

IN THE POSITIVE ZONE. JANUARY ISM MANAFACTURING INDEX AT 35.6 WAS

BETTER THAN EXPECTATION AND CONSTRUCITON SPENDING IN DECEMBER

FELL BY 1.4%  WHCIH WAS HIGHER THAN ESTIMATE, WERE SOME ECONOMIC

NEWS WHICH HAD NO EFFECT ON THE MARKETS. ASIA IS TRADING FLAT AND

NIKKEI IS MARGINALLY UP BY 30 POINTS AT THIS TIME.

NIFTY FUTURE  OPENED LOWER AT 2835 AND FELL DOWN FURTHER TO THE LOW

LEVEL OF 2728 AND CLOSED AT 2738 LOSING 123 POINTS FROM THE 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

OUR STOCK CALLS WILL RESUME SHORTLY.

NIFTY FUTURE SUPP LEVELS  2718,2688 RESISTANCE LEVELS 2818, 2870.

NIFTY FUTURE MAY OPEN FLAT  AND REMAIN IN A RANGE FOR THE DAY.

IT MAY FIND RESISTANCE AROUND 2820 LEVELS. AVOID SHORT ABOVE

2820 FOR THE DAY.

Stock calls : 3-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2780	2759	2797	2866	2904
Short Sell	2722	2773	2704	2666	2598

JP ASSOCIATES Futures

Action	Trigger Price	Stop Loss	Target-1	Target-2
SELL BELOW	64	67	61	58
REMARKS	Intraday Sell

SATYAM

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	59	56	60.5	63
SELL BELOW	55	57	54	50

HUL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	263	260	265	270
SELL BELOW	259	262	258	250

GESHIP

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	180	176	183	190
SELL BELOW	174	176.5	170	165

NAGARAJUNA FERTILIZERS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	17.5	16.5	18	18.8
SELL BELOW	16.5	17.5	16	15

GAIL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	204	198	201	211
SELL BELOW	199	203	198	192

NIFTY TECHNICAL CHART

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