Trading Calls 7th May 2009
Intraday Calls
BUY GSPL-46.9 for a target 50 stop loss 45
Intraday Calls
BUY GSPL-46.9 for a target 50 stop loss 45
SHORT Educomp-2272 @ 2325 for a target 2240 stop loss 2350
SHORT Maruthi-808 @ 827 for a target 800 stop loss 832
SHORT HUL-234 for a target 219 stop loss 241 [positional]
Performance on 6th May 2009
-ve Sector, Scripts : Oil&Ref, NTPC,
BUY Tatasteel-286 for a target 303 stop loss 282 [sl hit]
SHORT IOC-436 for a target 428 stop loss 440 [L-428, -1.5%]
SHORT BPCL-372 for a target 365-360 stop loss 376 [L-365, -1.7%]
SHORT Nationalum-232 for a target 225 stop loss 236 [sl hit]
BUY RELinfra795 above 800 for a target 865 stop loss 790 [H-831,
+0.70%]
BUY Jindalsaw-247 above 250 for a target 290 stop loss 245[sl hit]
BUY Edelweise-316 for a target 345 stop loss 303 [L-303.90]
BUY ABGShip-137 for a target 155 stop loss 131 [sl hit]
SHORT Maruthi-808 @ 827 for a target 800 stop loss 832
SHORT HUL-234 for a target 219 stop loss 241 [positional]
Performance on 6th May 2009
-ve Sector, Scripts : Oil&Ref, NTPC,
BUY Tatasteel-286 for a target 303 stop loss 282 [sl hit]
SHORT IOC-436 for a target 428 stop loss 440 [L-428, -1.5%]
SHORT BPCL-372 for a target 365-360 stop loss 376 [L-365, -1.7%]
SHORT Nationalum-232 for a target 225 stop loss 236 [sl hit]
BUY RELinfra795 above 800 for a target 865 stop loss 790 [H-831,
+0.70%]
BUY Jindalsaw-247 above 250 for a target 290 stop loss 245[sl hit]
BUY Edelweise-316 for a target 345 stop loss 303 [L-303.90]
BUY ABGShip-137 for a target 155 stop loss 131 [sl hit]
NIFTY FUTURES (F & O)
Above 3653 level, expect short covering up to 3696-3698 zone and thereafter expect a jump up to 3725-3727 zone by non-stop.
Above 3653 level, expect short covering up to 3696-3698 zone and thereafter expect a jump up to 3725-3727 zone by non-stop.
Support at 3605 & 3622 levels. Below these levels, selling may continue up to 3589-3591 zone and thereafter slide may continue up to 3560-3562 zone.
Buy if touches 3546-3548 zone. Stop Loss at 3518-3520 zone.
On Positive Side, cross above 3739-3741 zone can take up to 3767-3769 zone. If crosses & sustains at above this zone then uptrend may continue.
Short-Term Investors:
Bullish Trend. 3 closes above 3342 level, it can zoom up to 3997 level by non-stop.
BSE SENSEX
Higher opening expected. Get prepared for false signal & Technically profit booking should continue.
Short-Term Investors:
Short-Term trend is Bullish and target at around 13662 level on upper side.
Short-Term Investors:
Bullish Trend. 3 closes above 3342 level, it can zoom up to 3997 level by non-stop.
BSE SENSEX
Higher opening expected. Get prepared for false signal & Technically profit booking should continue.
Short-Term Investors:
Short-Term trend is Bullish and target at around 13662 level on upper side.
Maintain a Stop Loss at 10962 level for your long positions too.
NIFTY SPOT LEVELS
 | 3625.05 | ( -1.01 %) | -36.85 |  |
| 1 | 2 | 3 | ||
| Resistance | 3691.85 | 3758.65 | 3800.25 | |
| Support | 3583.45 | 3541.85 | 3475.05 | |
 | 11952.75 | ( -1.47 %) | -178.33 | | |
| 1 | 2 | 3 | |||
| Resistance | 12183.43 | 12414.11 | 12556.12 | ||
| Support | 11810.74 | 11668.73 | 11438.05 | ||
FII DATA
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 06-May-2009 | 2799.68 | 2268.76 | 530.92 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 06-May-2009 | 1170.85 | 1199.11 | -28.26 |
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 8,512.28. Up by 101.63 points.
The Broader S&P 500 closed at 919.53. Up by 15.73 points.
The Nasdaq Composite Index closed at 1,759.10. Up by 4.98 points.
The partially convertible rupee <INR=IN> ended at 49.58/60 per dollar on yesterday, weaker than Tuesday's close of 49.29/30.
--
Arvind Parekh
+ 91 98432 32381
--
Arvind Parekh
+ 91 98432 32381
