Friday, June 19, 2009

Result

We advised few delivery trades on tuesday, when market was at 4500 abt levels..

Today market touched a low of 4200 Currently at 4300.. 7%+ decline in markets..

OUR STOCKs... LOOK AT THEM.. ALLL UP FROM COST...

SUNPHARMA

AXISBANK

BHARTIARTL

GVKPIL

Intraday Call

Buy HDFC Above- 1553 TGT- 1560/1570/1585
SL- 1543 (CAsh- 14:06)

Stay Short on PANTALOON @ Rs.309.0, Stop Loss :Rs.338.57

Stay LONG on L&T @ Rs.1448.90; Stop Loss : Rs.1347.23

Stay LONG on DRREDDY @ Rs.737.00; Stop Loss : Rs.677.78

RESEARCH- INTRADAY CALL (CASH) : IVRCLINFRA TGT OF 288 ACHIEVED.GIVEN AN INTRADAY RETURN OF 7%.

RESEARCH: INTRADAY CALL (CASH): SHORT SELL LITL BELOW 330 TGT 313 SL 335

2:51 PM 6/19 RESEARCH: INTRADAY CALL ( CASH ): BUY WIPRO ABOVE 380.50 TGT 403 SL 376


2:55 PM 6/19 buy ofss for btst @ 1220-1223

Delivery call- Short term

Buy BankofIndia @ 337 SL-328 TGT-347 (2 Days hold) Cash (14:11)

Reserch -Today view-19th june

RESEARCH: MARKET OUTLOOK: On the F&O front, an increased in open interest along with negative price movements suggests that short positions build up in the June NIFTY contract. The NIFTY PUT – CALL ratio of open interest is in OVERSOLD zone indicating an upside bounce back can be expected on NIFTY at any time.Technically, overall market trend is likely to remain uptrend. As for intraday’s trade, market may open flat topositive and it can be expected to trade higher levels. The NIFTY has resistance at 4355 and 4375. If it breaks this level, itcould test at 4464. On the downside, the NIFTY is likely to test support at 4222 and 4189. Below this level, then Nifty maydrag to 4115. Short covering can be expected above 4375 levels.

10:18 AM 6/19 RESEARCH- INTRADAY CALL (CASH) : BUY SBIN ABOVE 1741 TGT 1793 SL 1710

11:47 AM 6/19 RESEARCH: INTRADAY MARKET OUTLOOK: THE NIFTY IS LOOKING RANGEBOUND BETWEEN 4250 - 4310 LEVELS. IF NIFTY MOVES BELOW 4250 THEN IT MAY TEST AT 4220 AND 4180. ON THE OTHER HAND, IF NIFTY TRADES ABOVE 4310 THEN IT CAN MOVE TOWARDS 4375 AND 4420. SHORT COVERING CAN BE EXPECTED IN THE LATER PART OF THE DAY.

12:16 PM 6/19 RESEARCH: INTRADAY CALL (CASH): BUY MARUTI ABOVE 1057 TGT 1090 SL 1040

1:23 PM 6/19 RESEARCH : INTRADAY CALL ( CASH ) : SHORT SELL DLF BELOW 320 TGT 304 SL 325

CALL FOR THE DAY-19th June

CALL FOR THE DAY
BUY SBI IN CASH IN NSE ABOVE 1731,
WITH SL OF 1699, TGTS 1749/1765/1800

BUY COPPER MCX
ABOVE 242.60 SL
239.45 TGT
244.20/246.40.


IMPORTANT LEVELS ( BULLIONS)
GOLD :
GOLD RESISTANCE AT 14650, SUPPORT AT 14500.
SILVER:
SILVER RESISTANCE AT 22950, SUPPORT AT
22400.
COPPER:
COPPER RESISTANCE AT 242.60, SUPPORT AT
236.70.

Shanghai weekly inventory: Copper +7889, Zinc+3543 and Aluminium +11873.