Thursday, September 11, 2008

INTRADAY CALLS


MCDOWELL-N FUTURES (Update): SL triggered. Bears dominated. If not crossing 1425.00 level on upper side then downtrend may continue.
NIFTY FUT: If downtrend continues then it will fall up to 4266.55-4268.55 zone. Rallies up to 4338.20 can be used to sell. SL at 4338.20 level.

NIFTY FUT: Sell with a Stop Loss of 4338.20 level. Target at 4302.30-4304.30 zone. SMS sent at 12.17 PM.

BIOCON FUTURES (Update): SL triggered. Bulls done good work. If does not break 194.50 level on down side then short covering may continue. SMS sent at 12.13 PM.

Futures: BIOCON FUTURES (NSE CMP 201.50) going down. Sell with a Stop Loss of 204.50 level. SMS sent at 12.06 PM.
Futures: MCDOWELL-N FUTURES (NSE CMP 1375.00) going up. Buy with a Stop Loss of 1361.00 level

Cash Market Intra-Day: RPOWER (NSE Cash CMP 169.25) going down. Sell with a Stop Loss of 171.25 level.

Cash Market Intra-Day: JPASSOCIAT (NSE Cash CMP 165.50) going down. Sell with a Stop Loss of 167.50 level.


POSITIONAL TRADERS>>>>COVER 50% OF RELCAP SHORTS AND USE THAT MONEY TO SHORT BANKINDIA OR ANY OTHER SHORTS.
AVERAGE IN LOOSING SHORTS AND CARRY 100% PUTS.


POSITIONAL TRADERS NEAR 4260-4220,COVER 20% OF YOUR PROFITABLE SHORTS.
DON'T COVER INTO LOSSES.
YOU ALL CAN STILL SHORT SBI,BANKINDIA,ITC,ACC.
CARRY ALL PUTS.


POSITIONAL TRADERS
HOLD YOUR OLD SHORTS,I HAVE BEEN SAYING THIS FROM 4480,
STILL HOLD IT,NIFTY CAN HIT 4220,4160 AND EVEN MORE V.SOON.
HOLD 4300 PUTS TARGET 160,200.

>>>>>>>>>>>.PEOPLE WHO WERE SHORT IN SAIL AND RELIANCE CAN COVER ONCE AND USE THIS MARGIN TO SHORT ANY OTHER SHARE AND PULL UP YOUR AVERAGE IN OTHER SHORTS. HOLD OLD SHORTS

Positional HOLD ALL YOUR OLD SHORTS/NIFTY PUTS FOR A Tgt OF 4260,4220.

SHORT SBI TGT 1490,1460.

SHORT ACC TGT 580,570.ITC TGT 188,185.

SHORT SUZLON TGT 232,226.

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GM!!!! "The True Measure of An Individual is How He Treats A Person Who Can Do Him Absolutely No Good."

NIFTY FUTURES (F & O)

Above 4431 level, expect short covering up to 4467-4469 zone by non-stop.

Support at 4407 level.

Below this level, selling may continue up to 4386-4388 zone.

Do remember that, 4350-4352 zone should not be allowed to break at any cost.

On Positive Side, rallies up to 4503-4505 zone can be used to sell. Stop Loss at 4539-4541 zone.

Short-Term Investors:

Short-Term Upward Target at 4574-4576 zone.

Short-Term Support at at 4314-4316 zone.

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STERLITE INDS (I) (NSE Cash):

Book Profits in this scrip. Technically it should go down.

Hurdle at 519 level. Supply expected at around this level. This supply should get absorbed too.

Support at 492 level. Should not be allowed to break at any cost.

JINDAL STEEL & POWER FUTURES (NSE):

Book Profits in this scrip. Technically it should go down.

Hurdle at 1738 level. Supply expected at around this level. This supply should get absorbed too.

Support at 1629 level

. Should not be allowed to break at any cost.

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US MARKET Closed Flat with +38 & All Asian market trading in �ve. Market will open with gap up and trending towards �ve. Closing below 4400 will be very bearish. Don't trade in first 15 to 20 minutes, highly volatility expected

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Strong & Weak futures

This is list of 10 Strong Future:

Great Offshore L, Indin Bank, Orient Bank, Jet Airways (ind), Apetch Training, Moser Baer(I), St. Bk. India, HCL Technologies, Bharat Petro, Yes Bank Limited.

And this is the list of 10 Weak stocks

;

Sesa Goa Ltd. Gnfc Ltd. Triveni Engg. & The Ge Shpg. Ltd, Ranbaxy Labs, Chennai Petroleu, Bongaigaon R, Ndtv Ltd, Guj. Alkalies, Housing Dev & In.

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Counters in the +ve

NFL, HOPFL, Birlacorp, Nalco,Laxmimach

 

Short BHEL-1711 below 1700 for 1640 with sl 1720 [Trading]

Short HDFC-2319 below 2305 or 2290-2270 with sl 2317

 

Short Tatachem-301 for 290-285 with sl 305

Short Tatapower-1051 for 1030-1000 with sl 1061

 

Short Relcapital-1331 for 1307 with sl 1340

 

Buy TTML-27.35 for 30 with sl 26.90 [positional]

Buy SUZLON-243 for 253,257 with sl 239

 

Use Strict SL for both long and short

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The Dow Jones Industrial Average closed at 11,268.92. Up by 38.19 points.

The Broader S&P 500 closed at 1,232.04. Up by 7.53 points.

The Nasdaq Composite Index closed at 2,228.70. Up by 18.89 points.

The partially convertible rupee <INR=IN> ended at 45.12/13 per dollar on yesterday, weaker than Tuesday's close of 44.84/85.


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-ve to Market

1. Asian Market 3. Profit Booking 4. Continuous FII selling. 5. Technical weakness 4. Rs.Vs$, 5. Inflation

--
Arvind Parekh
+ 91 98432 32381