Todays Intraday/Daytrading Tips



Europe has closed in the red. Dow (at 11:20 PM on 22nd February) is trading flat with a negative bias. Hangseng recovered a majority of the lost ground of Friday, but still closed around 70 points down compared to the close of 18th instant. In effect, the major global indices are pendulating between nowhere and now here.

BUY NIFTY ABOVE 4840
TGT 4872-4892.
EXTENDED TARGETS ARE 4931 IF STAYS ABOVE 4910 FOR 10 MINS THEN
SL 4818
SELL NIFTY BELOW 4872 TGT 4840-4820.
EXTENDED TARGET IS 4782 IF STAYS BELOW 4805 FOR 10 MINS
SL 4896

Intraday Calls

JSWSTEEL
Buy above 1112
SL 1105
Targets 1122,1128
Or if trades near 1045
Short JSWSTEEL
SL 1052
Targets 1035,1030

AXISBANK
Buy above 1108
SL 1101
Targets 1118,1125
Or if trades below 1087
Short AXISBANK
SL 1094
Targets 1077,1070

ABB
Buy above 816
SL 810
Targets 825,830
Or if trades below 801
Short ABB
SL 807 Targets 792,785

F & O Calls

BUY DISHTV FUTURE
ABOVE 38.40
TARGETS 39.45-41.20
SL 37.70

SELL DISHTV FUTURE BELOW 39.50
TARGETS 38.45-37.95
SL 40.20

BUY DLF FUTURE ABOVE 281.25
TGT 289-292.45
SL 276.25

SELL DLF FUTURE BELOW 288.75
TGT 281.25-277.75
SL 294.25

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Tuesday, February 23rd, 2010 Intraday Calls

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