Free Intraday Stock Tips

INTRADAY CALLS – 24/09/08

BAILOUT SCHEME YET TO BE BAILED OUT

 

$700 BILLION RESCUE PLAN BY THE TREASURY TO BUY ILLIQUID ASSETS FROM FINANCIAL FIRMS DOES NOT SEEM TO COME THROUGH EARLY AS SENATE MEMBERS DEMANDING MORE CLARITY AND SOME MODIFICATION TO THE SCHEME.  DOW JONES  WAS ALTERNATING BETWEEN POSITIVE AND NEGATIVE TERRITORY WITH DAY`S HIGH AT 11143, GAINING 127 POINTS AND DAY`S LOW AT 10833 LOSING 183 POINTS. HOWEVER IT FELL SHARPLY IN THE LAST HOUR  AND CLOSED AT 10854 POINTS NETTING A LOSS OF 161 POINTS. BUFFETT BUYING IN TO  GOLDMAN`S PERPETUAL PREFERRED STOCK FOR $5 BILLION  HELPED THE STOCK TO RECOVER IN THE AFTER HOURS TRADING. ASIAN MARKETS OPENED NEGATIVELY AND NIKKEI IS DOWN BY MORE THAN  140 POINTS AS OF NOW.

NIFTY SEPTEMBER  FUTURE  AFTER OPENING LOWER AT 4158 RECOVERED TO 4244 AND FELL TO THE DAY`S LOW OF 4132 AND CLOSED AT 4145 LOSING 75 POINTS.

NIFTY FUTURE SUPP LEVELS 4140, 4050, 3900 RESIST 4240, 4318. NIFTY FUTURE MAY FIND IT DIFFICULT TO MOVE ABOVE 4240 FOR THE DAY. WAIT FOR THE NIFTY TO BOTTOM OUT FOR ANY LONG AS WE FEEL THE NIFTY IS POISED FOR THE DOWNSIDE AND MAY RETEST THE LOW LEVELS. AVOID SHORT FOR THE DAY IF IT TRADES ABOVE OF 4140.

WIPRO SUPP 390,381,367 RESIST  407,417 SELL AT HIGH LEVELS

HINDALCO SUPP 106 RESIST 112,115

ACC SUPP 617,610 RESIST 630,636 BUY AT LOWER LEVEL

HINDUNILVR BUY 245 SL 243 TGT 252,256

HINDPETRO SUPP 222 RESIST 240,245

MTNL BUY 88 SL 86 TGT 92,95

RELIANCE SUPP 2000,1947 RESIST 2090,2139 SELL

SATYAMCOMP SUPP 326,318 RESIST 348,366 SELL AT HIGH LEVEL

SBIN SUPP 1490,1430 RESIST 150,1578 SELL AT HIGHER LEVEL

NTPC BELOW 175 TGT 167

GMRINFRA BELOW 87 TGT 83

ZEEL BUY 195 SL 192 TGT 205

CAIRN SUPP 220,215 RESIST 230 SELL AT HIGHER LEVEL

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

No comments yet.

Leave a comment