Archive for March 18th, 2009

Stock calls : 18-Mar-2009



Indian Markets are expected to open flat to positive trailing the positive US cues and may go flat to positive on account of good Asian cues after U.S. stocks surged on Tuesday as an unexpected leap in housing starts pushed Home Depot and other retailers higher while bullish comments from a broker on Cisco Systems helped technology shares rebound. SGX CNX Nifty Future was trading at a level of 2783.50 (9.15 am), up 28.50 points (1.03%) from previous close. Japan’s Nikkei was up by 0.02%. Kospi declined by 0.07%, Strait Times advanced by 1.15% and Hang Sang advanced by 1.18%.

Intraday Tips

Sell HDFC below 1345

Target 1330

Stp Loss : 1360

Support Resistance Levels

(S2 S1 PIVOT R1 R2)

STATE BANK OF INDIA

928.27 931.77 964.83 983.12 1016.18
STEEL AUTHORITY OF INDIA

78.58 79.08 82.42 84.33 87.67

CAIRN INDIA LIMITED

165.25 167.35 170.15 172.60 175.40

CIPLA LTD

197.38 198.73 201.12 202.98 205.37

DLF LIMITED

150.63 154.28 160.07 164.78 170.57

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Wednesday, March 18th, 2009 Intraday Calls No Comments

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