Todays Intraday Calls/Market Update

US markets rose on the anniversary of the 2009 bear-market low for the Standard & Poor’s 500 Index amid speculation the economy will continue to recover from the worst contraction since the Great Depression. The Dow Jones, S&P 500 and NASDAQ gained 0.11%, 0.17% and 0.55%, respectively. American International Group Inc. surged 13% on speculation the insurer will sell more assets. United Technologies Corp., General Electric Co. and AT&T Inc. led gains in the Dow Jones Industrial Average. Boeing Co. advanced after Northrop Grumman Co. withdrew as a bidder for a US Air Force contract.

• US & European markets FLAT , Nasdaq closed
18 months high
• Asian market opened FLAT.
• SGX nifty up 13 points.
• Dollar index is below 80.61
• Gold at $1122 and crude below $ 81.23
• London future up 4 points.
• Dow future UP 1 points at 8 am

INTRADAY CALLS

NIFTY SUPPORT 5071
RESISTANCE 5153

RELINFRA
Buy above 1019
SL 1012
Targets 1029,1035
Or if trades near 1002
Short RELINFRA
SL 1009
Targets 992,986

M&M
Buy above 1134
SL 1127
Targets 1144,1150
Or if trades below 1114
Short M&M
SL 1121
Targets 1104,1097

ACC
Buy above 1002
SL 995 Targets 1012,1018
Or if trades near 989
Short ACC
SL 996
Targets 979,973

MARUTI

Above 1500
Target : 1530-1550
Stoploss: 1478
Duration : In 1-2 Days

Likely out performer of the day : MAHINDRA FORGING

ROLTA FUTURE (Last close 186.85)
The stock after consolidation closed flat with marginal gain yesterday. The stock remains and appears positive on charts and may move up to 190/193 once it trades and remains above 187.75. Strong support for the stock exists at 183.25.

TCS FUTURE (Last close 768.75)
The stock of the IT giant after remaining range bound during the past four trading sessions closed yesterday marginally higher with positive bias. The stock appears positive on charts and may move up to 775/779 once it trades and remains above 770.25. Strong support for the stock exists at 764.50.