Stock Calls For Today

Expect Indian markets to open flat to positive.
The crucial support on the downside for the Nifty is 5100 and resistance at 5250-5387

Also volatility may remain high ahead of F & O expiry

The market ended the week gaining an impressive 650 points with the Sensex closing at 17360. The Nifty too closed the week equally strong gaining 191 points at 5178. Intraday volatility was high during the week as market participants shifted positions in the F & O segment from December 2009 series to January 2010 series ahead of the expiry of the near month December 2009 contracts.

Intraday Calls

BANK OF BARODA
Buy Around 513-514
Target : 519-525
Stoploss : 508
Cash Intraday

Long Call
NRC (National Rayon Corporation Ltd.)
Buy At Opening (CMP : 12.35)
Target : 28-35-40
In 6 Months
GOLD FUTURE (Last trade16805)
The counter after gap up opening on strong global advice moved range bound yesterday till late evening when weaker advice from the overseas gold market forced the investors to unwind their long positions. The gold in subsequent trades thereafter dipped to day’s low at 16731which however, recovered at close. The gold today may gain strength once it trades and remains above 16837 whereby it may move further to 16860/16894. Strong support for the gold exists at 16749 which if breached decisively with volumes then the gold may slide to 16715/16681.