Archive for December 10th, 2009
Stock Calls for Today
NIFTY FUTURE (Last close 5122.50)
The counter after gap down opening yesterday remained range bound till noon when a fresh sell off in the front line stocks pulled down the NF to day’s low at 5090. The NF however, made some recovery thereafter but it remained short lived and the counter finally closed the session losing 35 points. The counter however, may gain strength once it trades and remains above its short term resistance at 5143.75, whereby it may move up to 5159/5179. Strong support for the NF exists at 5102.25 which if breached decisively with volumes then NF may slide to 5079/5053.
RCOM FUTURE (Last close 182.65)
The stock of the premiere telecom company belonging to ADAG, after consolidating during the past few trading sessions closed yesterday above its intermediate trend line suggesting strength of the stock. The stock closed with marginal gain yesterday and may move up further to 186/189 once it trades and remains above 183.25. Strong support for the stock exists at 180.25.
Intraday Call
AARTIIND
Buy Above 48.40
Target : 51.5-52.8
Stoploss: 48
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