Free Intraday Stock Tips

Stock Updates 8-December-2009

Market today breached critical support like 5070 the level which almost all of the analyst recommended strong support in the near term. Our research team has rightly advised that these technicals will not matter for next couple of days. Any sustainable breach below todays close level will provide a severe heartbreaks for bulls who are on the back foot in today’s trading session Because of the crack in the asian markets and Europe also followed in the lines . The current range may provide fresh trading opportunity. After trading close to the break even for first half of the day, market took a turn for the worse. Banking and auto heavyweights were seen to be exerting the maximum selling pressure.

Already sounded alert in the morning as we were doing time and again with complete accuracy. Our calls Essaroil, sparc performed well in a adverse market while our intraday call Hindoil exploration zoomed from 278 to 293.

Well our strategy for tomorrow will be the same. focus on midcap and small caps forgetting about the nifty which should be left alone to cross the hurdle of 5180 convincingly with volume. today’s western market performance will be crucial for Indian markets tomorrow.

Nifty (Spot) : Support 4955 – 5003 – 5035 – 5053 Resistance 5114 – 5130 – 5162 – 5194

Intraday Calls :
STER : Buy above 877 sl 869 Targets 889,895 Or if trades near 853 Short STER SL 861 Targets 841,833

RELIANCE: Buy above 1085 sl 1077 Targets 1097,1110 Or if trades near 1058 Short RELIANCE SL 1066 Targets 1046,1035

JSWSTEEL : Buy above 1008 sl 1000 Targets 1020,1028 Or if trades near 959 Short JSWSTEEL SL 967 Targets 947,939

Tags: intraday tips

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