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INTRADAY CALLS – 25/11/08 – VIJAY

BAILOUTS  CAN SPUR SENTIMENTS, NOT FUNDAMENTALS

DOW JONES OPENED HIGHER ON CITI`S RESCUE PACKAGE AND RALLIED  TO 8599 GAINING 553 POINTS AND LOST  SOME OF THE GAINS ON PROFIT BOOKING AND CLOSED WITH THE GAIN OF 396 POINTS AT  8443.

NIFTY FUTURE OPENED LOWER AND MOVED UP TO POSITIVE TERRITORY AT 2744, ONLY TO FALL TO THE DAY`S LOW OF 2633 AND RECOVRED TO CLOSE AT 2703 LOSING 27 POINTS ON A VOLATILE DAY.

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN

NIFTY FUTURE SUPP 2643,2583, 2490 RESIST 2760,2815, 2890. NIFTY FUTURE WILL CONTINUE TO BE VOLATILE AHEAD OF SETTLEMENT. AVOID SHORT IF NIFTY STAYS ABOVE 2770 FOR THE DAY.  NO LONG BELOW 2580. KEEP BOOKING PROFITS AT HIGHER LEVEL. DUE TO PAUCITY OF TIME NO STOCK CALL IS GIVEN. REGULAR STOCK LEVELS WILL BE GIVEN IN THREE DAYS.

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