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INTRADAY CALLS – 11/02/09 – VIJAY

BANKS RESCUE PLAN FAILED TO RESCUE THE MARKETS

TREASURY`S ( GEITHNER`S) HALF BAKED  FINANCIAL RESCUE PLAN FOR THE

BANKS, PULLED THE RUG UNDER THE . DOW JONES, WHICH WAS

WAITING TO FALL OPENED LOWER AND NEVER TURNED BACK, IGNORING THE

PASSAGE OF THE $838 BILLION ECONOMIC STIMULUS BILL, FELL TO THE

LOW OF 7848 LOSING 422 POINTS AT THAT LEVEL AND PULLED BACK A LITTLE

TO CLOSE AT 7848 LOSING 381 POINTS, A 4.6 PERCENT FALL.  ASIAN MARKETS

ARE BOUND TO FOLLOW AND NIKKEI IS CLOSED FOR THE DAY.

NIFTY FUTURE OPENED AT 2906 , WENT UP TO 2949 AND LOST ALL THE

GAINS TO POST A LOW OF 2876 AND RECOVERED SMARTLY TO CLOSE

AT 2921 GAINING 4 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  2875,2828 RESISTANCE LEVELS 2956, 3018.

YESTERDAY,WE ADVISED THAT ALL OPEN POSITIONS SHOULD BE

HEDGED AND WE MAY SEE THE MARKET OPENING LOWER ON THE

BACK OF U.S. FALL YESTERDAY. BELOW 2875 NIFTY FUTURE MAY

FALL TO 2825 LEVELS WHERE SOME SUPPORT MAY EMERGE. AVOID

LONG IF NIFTY FUTURE CLOSES BELOW 2810 AND AVOID SHORT

ABOVE 2950.

Stock calls : 11-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2940	2915	2955	2975	3020
Short Sell	2890	2925	2860	2830	2770

NIFTY FUTURE

Action	Trigger Price	Stop Loss	Target-1	Target-2
SELL BELOW	2910	2940	2870	2850
REMARKS	NIFTY INTRADAY

PRAJIND

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	64	61	65	67
SELL BELOW	60.5	61	58.5	55

HDIL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	85	84	86	87
SELL BELOW	82.5	84	81.5	79.5

RELIANCE CAPITAL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	414	406	417	425
SELL BELOW	403	406	390	380

NIFTY TECHNICAL CHART

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