Trading Calls 23rd Apr 2009
USE STRICT Stop Loss for todays trading
BUY Shoperstop-127 for the target 135 stop loss 124 [Trading]
BUY Wipro-281 for the target 293 stop loss 278
BUY HDFC-1742 for the target 1785 stop loss 1725
USE STRICT Stop Loss for todays trading
BUY Shoperstop-127 for the target 135 stop loss 124 [Trading]
BUY Wipro-281 for the target 293 stop loss 278
BUY HDFC-1742 for the target 1785 stop loss 1725
Short BHEL-1580 for the target 1546 stop loss 1593 [Swing]
Short M&M-424 for the target 414 stop loss 428
Short ONGC-839 for the target 820 stop loss 845
Short M&M-424 for the target 414 stop loss 428
Short ONGC-839 for the target 820 stop loss 845
BUY Infy-1381 above 1395 for the target 1470 stop loss 1375 [Expected
Breakout]
Breakout]
BUY Rpower-126 for the target 140 stop loss 123.50 [positional]
NIFTY FUTURES (F & O)
Below 3305 level, selling may continue up to 3290-3292 zone and thereafter slide may continue up to 3262-3264 zone by non-stop.
Below 3305 level, selling may continue up to 3290-3292 zone and thereafter slide may continue up to 3262-3264 zone by non-stop.
Hurdles at 3333 & 3352 levels. Above these levels, expect short covering up to 3393-3395 zone and thereafter expect a jump up to 3421-3423 zone by non-stop.
Sell if touches 3434-3436 zone on upper side. Stop Loss at 3461-3463 zone.
On Negative Side, break below 3249-3251 zone can create some panic up to 3221-3223 zone.
Short-Term Investors:
Bullish Trend. 3 closes above 2951 level, it can zoom up to 3661 level by non-stop.
Short-Term Investors:
Bullish Trend. 3 closes above 2951 level, it can zoom up to 3661 level by non-stop.
BSE SENSEX
Lower opening expected & recovery should happen.
Short-Term Investors:
Short-Term trend is Bullish and target at around 11967 level on upper side.
Lower opening expected & recovery should happen.
Short-Term Investors:
Short-Term trend is Bullish and target at around 11967 level on upper side.
Maintain a Stop Loss at 10172 level for your long positions too.
Strong & Weak futures,
This is list of 10 strong futures:
Essar Oil, Penin Land, Purva, Yes Bank, Bajaj Hind, LITL, KPIT, HDIL, Sasken & Wel Guj.
And this is list of 10 Weak Futures:
Jindal Stainless, Birla Corp, Sterling Bio, Titan, National Alum, Alok Indust, Maruti, SRF, Cairn & Divi's Lab.,
Nifty is in Up Trend.
SPOT LEVELS
 | 3330.30 | ( -1.04 %) | -35.00 |  |
| 1 | 2 | 3 | ||
| Resistance | 3388.63 | 3446.97 | 3492.83 | |
| Support | 3284.43 | 3238.57 | 3180.23 | |
 | 10817.54 | ( -0.74 %) | -80.57 | | |
| 1 | 2 | 3 | |||
| Resistance | 10997.30 | 11177.06 | 11317.88 | ||
| Support | 10676.72 | 10535.90 | 10356.14 | ||
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 | 22-Apr-2009 | 1406.05 | 1406.88 | -0.83 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 22-Apr-2009 | 1005.99 | 923.74 | +82.25 |
GLOBAL CUES & RUPEE
The Dow Jones Industrial Average closed at 7,886.57. Down by 82.99 points.
The Broader S&P 500 closed at 843.55. Down by 6.53 points.
The Nasdaq Composite Index closed at 1,646.12. Up by 2.27 points.
The partially convertible rupee <INR=IN> ended at 50.33/34 per dollar on yesterday, stronger than its previous close of 50.43/44.
--
Arvind Parekh
+ 91 98432 32381
