Intraday calls for 8th Dec 2009
Buy BataIndia-188 for 193-195+ with sl 184
Buy Suzlon-83 for 89-91+ with sl 81
Buy IOC-315 for 329+ with sl 310
NIFTY FUTURE LEVELS
RESISTANCE
5082
5115
5147
5199
5231
SUPPORT
5060
5039
5008
4976
Strong & Weak futures
This is list of 10 strong futures:
This is list of 10 strong futures:
Ranbaxy, Orchid Chem, McDowell-N, BPCL, Divi'S Lab, Dena Bank, Hind Zinc, Cipla, Suzlon & PFC.
And this is list of 10 Weak futures:
Aban Off shore, Tata Comm, Rel Infra, Purva, Bajaj Hind, Ansal Infra, Punj Lloyd, Triveni, Sterling Biotech & Brfl.
Nifty is in Up trend
Nifty is in Up trend
NIFTY FUTURES (F & O):
Above 5082 level, expect short covering up to 5113-5115 zone and thereafter expect a jump up to 5145-5147 zone by non-stop.
Above 5082 level, expect short covering up to 5113-5115 zone and thereafter expect a jump up to 5145-5147 zone by non-stop.
Support at 5060 level. Below this zone, selling may continue up to 5039-5041 zone by non-stop.
Below 5008-5010 zone, expect panic up to 4976-4978 zone by non-stop.
On Positive Side, short rallies up to 5197-5199 zone can be used to sell. Stop Loss at 5229-5231 zone.
Short-Term Investors:
Bullish Trend. Stop Loss at 4801.00.
Up Side Target at 5477.00.
Today's Expectation:
SGX NIFTY is now trading at 5050.00. (08.31 AM IST)
This trend is on expected lines.
If this downtrend continues, then it may continue for 1 (or) 2 Days.
If short covering starts, then it may continue for 1 Day, 1 Month (or) even 1 Year.
CNX BANK INDEX (F&O):
Above 9182 level, expect short covering up to 9245-9247 zone and thereafter expect a jump up to 9309-9311 zone by non-stop.
Support at 9139-9141 zone & at 9152 level. Below these levels, selling may continue up to 9120 level and thereafter it can tumble up to 9076-9078 zone by non-stop.
CNX BANK INDEX (F&O):
Above 9182 level, expect short covering up to 9245-9247 zone and thereafter expect a jump up to 9309-9311 zone by non-stop.
Support at 9139-9141 zone & at 9152 level. Below these levels, selling may continue up to 9120 level and thereafter it can tumble up to 9076-9078 zone by non-stop.
Below 9055-9057 zone, expect panic up to 8991-8993 zone by non-stop.
On Positive Side, short rallies up to 9330-9332 zone can be used to sell. Stop Loss at 9393-9395 zone.
Short-Term Investors:
Bullish Trend. Stop Loss at 8550.00.
Up Side Target at 9996.00.
Equity:
ABAN OFFSHORE (NSE Cash)
Short-Term Investors:
Bullish Trend. Stop Loss at 8550.00.
Up Side Target at 9996.00.
Equity:
ABAN OFFSHORE (NSE Cash)
Bears got a chance to dominate.
If breaks & sustains at below 1197 & 1225 levels, then selling may continue up to 1190 level and thereafter slide may continue up to 1160-1162 zone.
Risk is that, up side risk up to 1260 level also possible. SL at 1267 level.
HIND OIL EXPLORA (NSE Cash)
Not much upside, as per my calculations.
Will zoom up to 293 & 294 levels on upper side.
Downside risk up to 270 level also possible. Buy with a Stop Loss of 269 level.
BHARTI AIRTEL (NSE Cash)
Technically Bullish.
Downside risk up to 309 level also possible. Buy with a Stop Loss of 304 level.
Target at 321 level & thereafter it can touch 328 level by non-stop.
OPTIONS (NSE):
TATASTEEL CALL OPTION (580 Strike Price)
Expect further selling. Risk is too high.
If breaks & sustains at below 12 & 13 levels, then selling may continue up to 6 level and thereafter slide may continue up to 3-5 zone.
Risk is that, up side risk up to 20 & 21 levels also possible.
STOCK FUTURES (NSE):
JSWSTEEL FUTURES:
Expect further selling. But Stop Loss is too far on upper side & risk is too high.
If breaks & sustains at below 925 & 941 levels, then selling may continue up to 861 level and thereafter slide may continue up to 852-854 zone.
Risk is that, up side risk up to 1011 level also possible. SL at 1027 level.
DLF FUTURES:
Expect further selling. But Stop Loss is too far on upper side & risk is too high.
If breaks & sustains at below 362 & 366 levels, then selling may continue up to 351 level and thereafter slide may continue up to 346-348 zone.
Risk is that, up side risk up to 380 level also possible. SL at 384 level.
INVESTMENT BUYS:
BOMBAY DYEING (NSE Cash)
Good looking scrip for 1 Month Holding. Target at 424 level (or) even up to 427-429 zone.
Negative Factors:
1 Day: Choppy Trading expected & will rebound from lower levels.
1 Week: Choppy Trading expected & will rebound from lower levels.
HOTEL LEELA VENT (NSE Cash)
Good looking scrip for 1 Month Holding.
Negative Factors:
1 Day: Choppy Trading expected & will rebound from lower levels.
1 Week: Choppy Trading expected & will rebound from lower levels.
--
Arvind Parekh
+ 91 98432 32381
