Free Intraday Stock Tips

INTRADAYCALLS – 29/07/08

THIS MAY BE ANOTHER DAY WHERE THE MARKETS ARE EXPECTED TO ATLEAST OPEN LOWER ON U.S. FINANCIAL WORRIES WHICH DOES NOT SEEM TO END IN THE NEAR FUTURE. OUR MARKETS WILL BE RANGE BOUND IN THE SHORT TERM WITH DOWNWARD BIAS. SHRINKING MARGIN IS ALREADY VISIBLE IN THE BANKING STOCKS WHERE MOST OF THEM ANNOUNCED DECLING GROWTH OR EVEN DECLINES IN PROFITABILITY.  WITH PRESSURES OF INFLATION,  RBI MAY CHOOSE ANOTHER  HIKE IN RATES,  WHICH MAY FURTHER PUT PRESSURES ON THE MARGINS OF BANKS AND REALTY SECTOR.  WE FEEL THAT THE MARKETS HAVE NOT BOTTOMED OUT AND WE SHALL ADVISE AS AND WHEN IT HAPPENS.

NIFTY FUTURE YESTERDAY OPENED AT 4305 AND WAS RANGE BOUND BETWEEN 4305 AND 4360 BEFORE CLOSING AT 4340.

NIFTY FUTURE SUPP LEVELS 4275, 4174  RESIST 4386, 4480. END OF SETTLEMENT PRESSURE MAY KEEP NIFTY IN A TIGHT ZONE AND AVOID SHORT ABOVE 4395. WAIT FOR NIFTY TO SETTLE FOR ANY INTRA DAY LONG THAT TOO WITH STRICT SL.

STOCK FUTURES

GMRINFRA  SUPP 88, 82 RESISTANCE 94, 97

DLF SUPP 493,484 RESIST  510,515

IDFC SELL 99 SL 101 TGT 95

CAIRN BUY 221 SL 218 TGT 233

RPL BUY 158 SL 154 TGT 165,172

HINDALCO SUPP 143,138 RESIST 153,158 SELL

ORIENTBANK SUPP 157,154 RESIST 168,174 BUY

SATYAMCOMP SUPP 370,364 RESIST 380,386 SELL AT HIGHER LEVEL

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

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