INTRADAY CALLS 23/07/08 VIJAY

MARKETS MAY OPEN WITH A BIG GAP NOT MAINLY BASED ON FUNDAMENTALS BUT BASED ON A EUPHORIA OF POLITICAL OUTCOME. NOTHING CHANGED FUNDAMENTALLY BETWEEN 2 DAYS BACK AND TODAY ONLY THE SENTIMENTS. THIS MAY CARRY ON TILL THE REALITIES ARE DAWNED AND MAKE NO MISTAKES, STILL WE ARE NOT OUT OF THE WOODS. CRUDE MAY AGAIN RECOVER FROM AROUND 123 DOLLARS TO NEW HIGHS. INFLATION WILL EASE IN THE MONTHS TO COME ONLY IF CRUDE FALLS SUBSTANTIALLY. THE IMPACT OF CRUDE PRICE HIKE WILL BE KNOWN ONLY IN THE COMING QUARTER. HENCE THE WORD IS CAUTION AT HIGHER LEVEL.

NIFTY MAY WELL OPEN ABOVE THE IMMEDIATE RESISTANCES OF 4340,4440.
NIFTY SUPP LEVELS 4174, 4072 RESIST LEVELS 4340,4440,4530,4570.
SELECTIVE STOCKS FROM BANKING MAY DO WELL IN THE SHORT TERM. STOCK CALLS WILL BE GIVEN SHORTLY.

ALL TRADES SHOULD BE DONE WITH STRICT STOP LOSS.
NEVER CARRY A POSITION WITHOUT HEDGING HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in.