INTRADAY CALLS – 26/12/08 – VIJAY | Free Intraday Stock Tips

MARKETS SUBDUED AHEAD OF YEAR END

IN THE SHORTENED SESSION AHEAD OF CHRISTMAS DOW MANAGAED TO STAY IN THE

POSITIVE ZONE THROUGH OUT THE DAY AND WAS RANGE BOUND BETWEENÂ 8416

AND 8498 AND CLOSED’AT 8468 GAINING 48 POINTS ON VERY LOW VOLUMES. AFTER

THE AUTO MAJORS IT IS NOW THE TURN OF RETAILERS TO SEEK SOP FROM THE

GOVERNMENT ON TOP OF A LACKLUSTRE FESTIVE SEASON. JOBLESS CLAIMS FOR THE

WEEK ENDING DEC 20 WAS HIGHER THAN THEÂ CONSENSUS ESTIMATE AT 586000

REFLECTS WEAK LABOR MARKET CONDITIONS. CRUDE IS TRADINGÂ LOWER AROUND

$36. AS MOST OFÂ THE WORLD MARKETS ARE CLOSED TILL WEEK END,

NIKKEI IS TRADING UP BY 84 POINTS AS OF NOW.

NIFTY DECEMBER FUTUREÂ OPENED LOWER AT 2961 AND WITH DAY`S HIGH AT 2964 WAS

TRADING BELOW THE PREVIOUS DAY` CLOSE THROUGH OUT ON THE SETTLEMENT DAY AND

CLOSED AT 2917, BUT NOT BEFORE FALLING TO THE DAY`S LOW OF 2904, NETTING A LOSS OF

57 POINTS FOR THE DAY. THE ACTIVE RANGE OF THE PREVIOUS SETTLEMENT WASÂ 588

POINTS BETWEEN 2530 AND 3118, WHICH WAS LESS VOLATILE THAN THE EARLIER

SETTLEMENT.

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

NIFTY FUTURE SUPP LEVELSÂ 2920,2820 RESIST 2996, 3045.Â NIFTY FUTURE MAY OPEN

NEAR FLAT LEVELS. AVOID LONG FOR THE DAY IF NIFTY TRADES BELOW 2910 FOR THE DAY.

WITH QUARTERLY RESULTS AHEAD WE SEE SOME VOLATILITY IN THE MARKET IN THE

FIRST WEEK OF JANUARY.Â NIFTY FUTURE MAY STRUGGLE AT THE RESISTANCE LEVELS

GIVEN ABOVE.Â AS OF NOW THE OUT LOOK FOR NIFTY FUTURE IS WEAK AND WE MAY SEE

LOWER LEVELS. ANY INDICATION OF REVERSAL WILL BE ADVISED S AND WHEN IT HAPPENS.

NOTE:Â SURE SHOT CALLS ARE GIVEN BY DSTREETDIRECT UNTIL WE START OUR CALLS.

Friday, December 26th, 2008 Intraday Calls