Archive for December 4th, 2009

stock calls for 4 December 2009



Yesterday markets made a new high of 5192 which is new high for year 2009. But Nifty could not sustain above 5168 and closed at 5132.
In last session we saw profit booking. Also yesterday we saw small basket selling, suddenly market deeps. Technically again we recommend only to buy above 5168 if it sustain that level and if close above it then only hold for long positions.

Chart1

CLICK CHART TO ZOOM

Short Term Support: 5100, 5040 (chart shows)
Short Term Resistance: 5150, 5182

SHORTs
CANARA BANK = CMP 417, TGT 405, SL 426 / VIJAYA BANK= CMP TGT SL
HAVELLS= CMP 386, TGT 370, SL 395 /JET AIRWAYS
HOTEL LEELA
IDBI ON UPSIDE

BUY ON DIP
AMTEK AUTO= CMP 187, TGT 195, SL 182
ABB = CMP 734, TGT 750, 780, SL 720 (GOOD STOCK HOLD WITH TGT 840)
WHIRLPOOL= 130.8, TGT 137, 142, SL 127

Buy MPHASIS above 706 SL 697 Target 720-738
Sell BANKINDIA below 387 SL 391 Target 383-378-372

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Friday, December 4th, 2009 Intraday Calls No Comments

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