Archive for April 22nd, 2009

stock tips for 22, April 2009



RBI rate cut announced as per market expectations. RBI cut the 25 BPS repo rate. Repo Rate cut by 0.25 Reverse Repo rate cut by 0.25% and there is no change in CRR.

US markets ended higher after a weak start.
Europe ended mixed.
Asia has opened marginally negative.
Expect Indian Markets to open flat to negative.
NIFTY Support at 33115 and 3257
Resistance at 3416 and 3468

Nifty Support/Resistance

NIFTY FUTURE
BUY ABOVE 3395 TARGET 3418-3440-3468
SELL BELOW 3330 TARGET 3306-3286-3233

Intraday Tips -

IDFC
Buy above 77.25 for targets of 79.10 and 80.90
Sell below 73.45 for targets of 71.90 and 70.50

REC
Buy above 110.25 for targets of 112 and 113.50
Sell below 106.10 for targets of 105.20 and 104.45

SBIN Fut

Buy Above 1255

Target: 1280

Stoploss: 1235

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Wednesday, April 22nd, 2009 Intraday Calls, US Markets No Comments

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