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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