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INTRADAY CALLS – 18/02/09 – VIJAY

DOW JONES CLOSES AT A NEW LOW

THERE WAS CARNAGE ON THE STREET WHEN DOW AND S&P 500 CLOSED AT

THE LOWEST LEVEL, SINCE THE START OF THE BEAR MARKET. THE EMPIRE

STATE MANUFACTURING INDEX SURVEY WHCIH CAME BEFORE THE OPENING

BELL WAS WORSE THAN EXPECTATION TO 34.7, A RECORD LOW. AS WE HAD SAID

YESTERDAY, DOW JONES OPENED LOWER, FELL DEEPLY IN TO THE RED AND

CLOSED AT THE LOWEST LEVEL OF THE DAY AT 7551 LOSING 297 POINTS ON

CONCERN ABOUT THE STRENGTH OF THE  GLOBAL FINANCIALS.   ASIAN

MARKETS CONTINUE THEIR WEAKNESS AND NIKKEI IS DOWN BY 105 POINTS

AT THIS TIME.

NIFTY FUTURE  OPENED LOWER YESTERDAY AT 2800 AND FELL FROM THE

HIGH OF 2808 TO THE LOW OF 2742 AND CLOSED AT 2761 LOSING 67 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 2718, 2688 RESISTANCE LEVELS 2805,2900

NIFTY FUTURE MAY OPEN LITTLE LOWER AGAIN ON GLOBAL WEAKNESS

HEAVY OPEN INTEREST IN THE OPTIONS SEGMENT PREVENT ANY

SHARP MOVEMENTS  IN THE NIFTY FUTURE. MARKET MAY TAKE SUPPORT

AT THE LEVELS MENTIONED HERE FOR THE DAY.  IT MAY FIND RESISTANCE

AROUND 2800 LEVELS. AVOID SHORT IF NIFTY FUTURE TRADES ABOVE

2815.

Stock calls : 18-Feb-2009

NIFTY FUTURE 26 FEB SIGNALS

Signal	Signal Price	Stop Loss	Target-1	Target-2	Target-3
Buy	2780	2755	2780	2800	2845
Short Sell	2745	2780	2730	2700	2670

SATYAM

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	50	47.50	53	55
REMARKS	INTRADAY

MC DOWELL-N (UNITED SPIRITS)

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	645	635	653	690
SELL BELOW	625	635	600	585

SHREE RENUKA SUGARS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	85.5	83.5	87	89
SELL BELOW	82.5	84	81.8	79.5

EDUCOMP SOLUTIONS

Action	Trigger Price	Stop Loss	Target-1	Target-2
BUY ABOVE	2020	1990	2065	2115
SELL BELOW	1970	1993	1940	1870

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