Free Intraday Stock Tips

INTRADAY CALLS – 13/02/09 – VIJAY

ANNOUNCEMENT OF BAILOUT TO HOUSE OWNERS KEEP DOW JONES ALIVE.

DOW JONES DROPPED TO A NEW LOW FOR THIS YEAR JUST BEFORE  THE

LAST HOUR OF THURSDAY`S TRADING AT 7693 LOSING 246 POINTS.

AFTER OPENING LOWER AT 7931, THE INDEX NEVER LOOKED UP ON

THE BACK OF POOR ECONOMIC NEWS. SURPRISINGLY RETAIL SALES FOR

JANUARY JUMPED 1%, WHICH WAS MOSTLY VIEWED AS AN ABERRATION.

JOBLESS CLAIMS FOR THE FIRST WEEK OF FEBRUARY  TOTALLED 623000

WHICH WAS HIGHER THAN EXPECTATION AND CONTINUING CLAIMS ARE

AT THEIR HIGHEST LEVELS IN FOUR DECADES AT 4.81 MILLION. BUT,

IN A SUDDEN REVERSAL, DOW JONES RECOVERED ALL THE LOSSES IN THE

FINAL HOUR AND CLOSED AT 7932 LOSING JUST 6 POINTS, WITH THE NEWS

THAT U.S. GOVT IS PLANNING A SUBSIDISED MORTGAGE PAYMENTS SCHEME

FOR THE TROUBLED HOUSE OWNERS.  ASIAN MARKETS ARE IN GREEN AND

NIKKEI IS UP BY 88 POINTS AT THIS TIME.

NIFTY FUTURE OPENED LOWER AT 2899 AND DRIFTED LOWER TO 2873, AFTER

TOUCHING THE DAY`S HIGH OF 2919 AND CLOSED AT 2886 LOSING 52 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 SUPP LEVELS 2875,2828 RESISTANCE LEVELS 2936,2956,

3018. ONCE AGAIN NIFTY FUTURE TOOK THE SUPPORT LEVEL OF  2875 AND

CLOSED A LITTLE HIGHER. AVOID LONG BELOW 2870 AND SHORT ABOVE

2955 FOR THE DAY. UNCERTAINITY  KEEPS THE MARKET IN A TIGHT RANGE.

Stock calls : 13-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2935	2900	2950	2970	3010
Short Sell	2890	2920	2880	2850	2820

STERLITE IND

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	278	273	283	298
SELL BELOW	265	276	261	254

WELSPUN GUJRAT

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	77.5	75.5	78.6	80
SELL BELOW	74.5	75.8	74	73

RASHTRIYA CHEMICALS AND FERT

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	44	41	45.5	47.5
SELL BELOW	40	41.8	38.5	36.5

PANTALOON RETAIL

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	187	180	198	220
SELL BELOW	174	179	165	143

RELIANCE INFRA

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	560	545	565	575
SELL BELOW	540	550	533	524

NIFTY TECHNICAL CHART

———————————————-

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