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Stock Calls for 22-June-2009

As predicted on 19th June market made some recovery as it did not trade below 4220 for very long.
Any recovery now on will be very slow and will have resistance at higher levels, to day’s first hurdle will be at 4384  and then  next at 4447,

Nifty must close above 4440 for 3/4 days ensure some recovery. On the down side support is at 4286,4245 and 4236, breaching level the Index may sink to 4150.

This is the last week of F&O expiry. So market will show stock specific movements. If nifty sustain above 4325 for 10 min then start buying. keep sl of 4320. For safe and small traders dont enter in market for three days. MARKET WILL BE VERY VOLATILE, TRADE IN SMALL QTY AND WITH SL ONLY.

We are still on bull side for market above 4050.

-Always Remember, put SL in your every trade.
-When 1st Target achieved book 50% profit and move your SL to entry (buy or sell) price, when 2nd target achieved book 25% profit and move your SL to 1st target price, then for remaining position just trail the SL.

Tags: daily market report, day trading calls, Intraday, intraday stock calls, nifty signals