Archive for March 5th, 2009

Stock calls : 5-Mar-2009



Yesterday the markets opened with a positive bias but unfotunately lacked direction. After day long choppy trading markets ultimately did manage to close in the positive territory.

The markets lacked to find any direction today and remained range bound. The selling pressure continued in the Banking, Power, Consumer Durables and Capital Goods stocks. However, the Metal, Realty, Auto and IT stocks are witnessed some buying momentum.

Nifty finally ended at 2645.20 gaining 23 points or 0.87% on the positive side.

For Tommorrow…

Intraday Support for the market for 05th Mar shall be 2615 & 2600.

While the market will experience resistance at 2681 & 2712.

Best Strategy shall be to buy above 2654 with Stop Loss of 2636

and Sell below 2636 with Stop Loss of 2654.


NIFTY FUTURE 26 MARCH SIGNALS

Signal Signal Price Stop Loss Target-1 Target-2 Target-3
Buy 2640 2618 2640 2670 2701
Short Sell 2605 2625 2601 2565 2550

SIEMENS

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 205 201 214 ——-
REMARKS CASH INTRADAY



Power Grid

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 92 91 93 94
SELL BELOW 90 91.5 89 88

JPASSOCIATES

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 66 65 67.5 69
SELL BELOW 64.5 65.5 63.5 61.5


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