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INTRADAY CALLS – 17/02/09 – VIJAY

INTERIM FINANCE MINISTER`S INTERIM BUDGET FAILS TO CHEER

DOW JONES CLOSED FOR PRESISDENTS DAY ON MONDAY.  EMPIRE

STATE MANUFACTURING  INDEX SURVEY, THOUGH NOT VERY

SIGNIFICANT, IS DUE BEFORE OPENING HOURS ON TUESDAY AND IS

NOT EXPECTED TO SHOW ANY IMPROVEMENT . DOW, WHICH IS NOW WELL

BELOW 8000, MAY SEE THE EARLIER LOWS AGAIN.   ASIAN MARKETS

CONTINUE THEIR DOWN TREND AND NIKKEI IS DOWN BY 76 POINTS AT

THIS TIME.

NIFTY FUTURE WAS FIRM IN ITS DIRECTION. IT OPENED LOWER AT 2917

AND FELL FROM 2924 TO THE LOW OF 2821 AND CLOSED AT 2828

LOSING  108 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 2816,2772 RESISTANCE LEVELS 2900,2980

AS WE HAD WRITTEN YESTERDAY, BUDGET HAD NOTHING TO OFFER

TO THE MARKETS AND THE MARKETS NOSEDIVED AND LOOKS SET TO

GO DOWN FURTHER.  NIFTY FUTURE WILL FIND RESISTANCE AROUND

2900. AVOID SHORT IF IT TRADES ABOVE 2905 AND  AVOID LONG BELOW

2770 FOR THE DAY.

Stock calls : 17-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2875	2850	2890	2950	2998
Short Sell	2810	2860	2799	2760	2690

RCOM

Action	Trigger Price	Stop Loss	Target-1	Target-2
SELL BELOW	169	174	165	163
REMARKS	INTRADAY SELL

SATYAM COMPUTERS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	49.9	49	51	51.5
SELL BELOW	48.5	49.5	48	46.5

DLF

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	166	162	171	190
SELL BELOW	155	161	145	135

ITC

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	184	178	186	189
SELL BELOW	177	180	175.5	174

GMR INFRA

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	81	79	82	83
SELL BELOW	78	79.5	77	75

NIFTY TECHNICAL CHART

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