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Stock calls : 16-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2963	2940	2968	2995	3020
Short Sell	2925	2950	2910	2900	2830

STERLITE IND

Action	Trigger Price	Stop Loss	Target-1	Target-2
SELL BELOW	278	274	283	290
REMARKS	CASH INTRADAY

NIFTY TECHNICAL CHART

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

INTRADAY CALLS – 16/02/09 – VIJAY

POPULIST BUDGET MAY NOT SOLVE ECONOMIC CRISIS

DOW JONES ON FRIDAY WAS SUBDUED IN ITS MOVEMENTS WITH LOW

VOLUMES AND WITH A LONG WEEKEND AHEAD.  DOW JONES OPENED

FLAT AT 7933 AND WENT UP TO THE HIGH OF 7970 GAINING 38 POINTS

AND  MOVED LOWER TO 7840 LOSING 92 POINTS, AGAIN RECOVERED TO THE

PREVIOUS DAY`S CLOSING LEVELS, BUT FELL SHARPLY  LOWER IN THE LAST

HOUR TO CLOSE AT 7850  LOSING 82 POINTS. $787 BILLION BAILOUT AND

THE PLAN TO STEM FORECLOSURES WHICH IS TO BE ANNOUNCED ON

WEDNESDAY SAVED THE MARKETS FROM FURTHER LOSSES.  ASIAN MARKETS

ARE FLAT AND NIKKEI IS FLAT AFTER THE ANNOUNCEMENT OF WORST

GDP SINCE 1974.

NIFTY FUTURE ON FRIDAY OPENED HIGHER AT 2928 AND RALLIED FURTHER

TO THE HIGHOF 2974 AND CAME DOWN ON PROFIT BOOKING IN THE LAST HOUR

TO CLOSE AT 2936, STILL GAINING 50 POINTS FROM THE PREVIOUS CLOSE.

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 2900,2875 RESISTANCE LEVELS 2980,3018

MARKETS ARE EXPECTING SOME SOPS FOR AUTO,I.T., HOUSING  SECTORS

BUT THE BUDGET MAY FALL SHORT OF EXPECTATIONS, BECAUSE OF

OBVIOUS CONSTRAINTS. WITH ALREADY TWO STIMULUS TAKING A

TOLL ON THE DEFICIT, WE EXPECT A PASSIVE BUDGET.  VOLATILITY

MAY TRIGGER STOPLOSSES. BUT NEVER AVOID THEM. AVOID LONG BELOW

2870 AND AVOID SHORT  IF NIFTY CLOSES ABOVE 3020.