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INTRADAY CALLS – 04/02/09 – VIJAY

MARKETS STAY FIRM DESPITE ADVERSE RESULTS

DESPITE EARNING REPORTS, MOST OF WHICH WERE DISMAL DOW JONES MANAGED

TO POST GAIN DURING THE DAY. AFTER OPENING HIGHER DOW FELL BELOW THE

RED LINE  BRIEFLY TO A LOW OF7905 LOSING 31 POINTS , BUT RECOVERED

SMARTLY TO 8111 GAINING 175 POINTS AT DAY`S HIGH. HOWEVER IT CLOSED

LITTLE LOWER AT 8078 WITH A NET GAIN OF 141 POINTS.  THE ONLY ECONOMIC

NEWS OF SIGNIFANCE WAS PENDING HOME SALES FOR DECEMBER ,WHICH

INCREASED BY 6.3 PERCENT AGAINST EXPECTATION OF FLAT READING.  ASIAN

MARKETS OPENED BETTER AND NIKKEI IS UP BY 135 POINTS AT THIS TIME.

NIFTY FUTURE ON TUESDAY OPENED HIGHER AT 2762, BUT THEN FELL TO THE

LOW OF 2738 AND RECOVERED SWIFTLY TO POST A HIGH OF 2823, ONLY TO

LOSE SOME OF THE GAINS AND CLOSED AT 2771, 33 POINTS HIGHER 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 ALMOST EXACTLY REVERSED FROM THE RESISTANCE LEVEL MENTIONED

BY US YESTERDAY. GLOBAL STRENGTH MAY INDUCE A HIGHER  OPENING FOR

NIFTY FUTURE, BUT IT MAY STRUGGLE AROUND 2820 LEVELS. AVOID SHORT IF

NIFTY FUTURE TRADES ABOVE THIS LEVEL FOR THE DAY. RISK AVERSION HAS

INCREASED THE NUMBER OF OPTION TRADERS AND HENCE

NIFTY FUTURE MOVES IN A RANGE  ON MOST OF THE DAYS.  HENCE,DIFFERENT

TYPES OF TRADING HAS TO BE ADOPTED TO DIFFERENT SITUATIONS. WE SHALL

DISCUSS THEM LATER.

Stock calls : 4-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2789	2768	2806	2853	2890
Short Sell	2751	2782	2734	2697	2649

TCS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	505	499	510	515
SELL BELOW	496	502	491	485

HUL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	268	264	270	273
SELL BELOW	263	266	260	255

SPICE COMMUNICATIONS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	90	81	98	111
SELL BELOW	78	80	68	57

BALRAMPUR CHINI

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	62	60	63	64
SELL BELOW	60	61	59	58

RELIANCE INFRASTRUCTURE

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	532	524	540	560
SELL BELOW	520	528	508	490

NIFTY TECHNICAL CHART

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