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INTRADAY CALLS – 30/12/08 – VIJAY

NIKKEI ENDS THE YEAR WITH 42 PERCENT LOSS

IT WAS ANOTHER LACKLUSTRE DAY BEFORE THE YEAR END FOR THE DOW. WITH NO

ECONOMIC NEWS FOR THE DAY DOW OPENED FLAT AND WENT DOWN TO THE LOW OF

8364 LOSING 151 POINTS FROM THE PREVIOUS CLOSE AND RECOVERED MOST OF

LOSS ON THE STRENGTH OF ENERGY SECTOR AND CLOSED AT 8483 WITH A LOSS OF

31 POINTS ON POOR VOLUMES. CRUDE HARDENED ABOVE $40 ON MIDDLE EAST CRISIS.

NIKKEI GAINED 112 POINTS IN A HALF DAY SESSION AND ENDED THE YEAR WITH

OVER 42 PERCENT LOSS.

NIFTY FUTURE YESTERDAY OPENED AT 2862 AND WENT DOWN TO THE LOW OF 2817 AND

RECOVERED SHARPLY LATR IN THE DAY TO THE HIGH OF 2951 AND CLOSED AT 2937

GAINING  71 POINTS.

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

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

NIFTY FUTURE SUPP LEVELS  2820,2801 RESISTANCE LEVELS  2959,2996,3045.

NIFTY FUTURE YESTERDAY RECOVERED EXACTLY FROM OUR SUPP LEVEL AND

ENDED NEAR THE RESISTANCE LEVEL GIVEN BY US.  NIFTY FUTURE MAY FIND SOME

RESISTANCE AROUND 3000 LEVELS AND MAY GAIN SOME STRENGTH ON A

CLOSE ABOVE 3050. SECOND STIMULUS PACKAGE WHICH IS EXPECTED BEFORE

THE WEEK END KEEPS THE MARKET FLOATING. HOWEVER, NEW YEAR MAY

BRING MORE VOLATILITY.

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