Tuesday, May 5, 2009

INTRADAY TIPS FOR 05.04.09

GOOD MORNING!
MARKET HAS ACTED AS TOLD AND REACHED OUR ULTIMATE TARGETS. WITH THE HUGE RALLY OF YESTERDAY, MARKET MAY OPEN IN POSITIVE NOTE BUT MAY NOT SUSTAIN IT FOR LONG TIME IN THE INTRADAY AND EXPECTED TO BE VERY VOLATILE, ONE CANNOT RULE OUT THAT MARKET IS BULLISH, MARKET ARE BULLISH AND REMAIN TO BE IN THE SAME DIRECTION AND MAY REACH A TARGET OF 3700-3750 THIS WEEK. NIFTY HAS STRONG SUPPORT AT 3515 IF BREACHES ONE CAN THINK OF EXITING FROM THE EXISTING POSITIONS AND GOING SHORT WILL BE FAVOURABLE ONLY AND ONLY WHEN NIFTY BREACHES 3460.

BUY HDFC BANK FUTURES SL 1184 SL 1240
BUY HDFC FUTURES SL 1944 TGT 2010
BUY ICICIBANK FUTURES SL 513 TGT 545/560
BUY ITC FUTURES SL 204 TGT 210
BUY STERLITE INDUSTRIES FUTURES SL 471 TGT 490/497
SELL BANK OF INDIA FUTURES SL 242.80 TGT 223
SELL MTNL FUTURES SL 70.70 TGT 68.60/67.5
SELL EDUCOMP FUTURES SL 2357 TGT 2300/2240