Stock Tips For 24 July 2009



Nifty has showed its strength, again all bears are trapped by bulls. Now two small hurdles we have 4571 and 4593 if nifty sustain above 4593 and also close above 4593 then new high is confirmed. Also BE CAUTIOUS TODAY IS THE RESULT OF RELIANCE,(till time they publish their results after market only) Volatility may increase more, so better do less trades with strict SL only.We are bullish on our market. Market is still trading in very high volatile mode.

NIFTY FUTURE (Last close 4535.05)
The counter after gap up opening on the back of strong Asian markets remained firm throughout the session and closed yesterday above its weekly resistance with a hefty gain of 130 points amid moderate volatility. The counter appears positive on weekly charts and may move further up to 4587/4637 once NF trades and remains above 4563.75. Strong support for NF exists at 4502.25 which if breached decisively NF may slide to 4474/4439.

Reliance Buy
Above 2047.68 – 2067.90 – 2081.08
SL -2035,
Sell below 2027.45 – 2014.28 – 2001.10 – 1980.88
SL – 2043

Suzlon Buy
At 97
Support 95
Stoploss 94
Target 105.

JP Associates Buy
Above 230.08 – 232.77 – 234.33
SL – 228,
Sell below 227.38 – 225.83- 224.27
SL – 228.70

Rolta Buy
Above 140.03 – 142.83 – 144.63
SL – 137,
Sell below 137.22 – 135.43 – 133.63
SL – 138.50

Dish TV Buy
Above 42.80 – 43.47 – 43.88
SL – 42.40,
Sell below 42.13 – 41.73- 40.65
SL – 42.50

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Friday, July 24th, 2009 Intraday Calls, Short Term Delivery

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