Monday, May 11, 2009

INTRADAY TIPS FOR 11 MAY 09

GOOD MORNING!
MARKETS ARE IN THE CRUCIAL PHASE AND ARE AROUND THE CRUCIAL SUPPORTS LEVELS. TODAY MARKETS MAY BE VOLATILE WITH NEGATIVELY BIAS, IF NIFTY PLUNGES BELOW 3580 WITH VOLUMES JUST EXIT 75% OF YOUR HOLDINGS IT IS AN INDICATION FOR FURTHER DOWNSIDE NIFTY MAY TOUCH 3500-3400, ABOVE 3580 LEVEL MARKET MAY HOLD AND GO FURTHER UPSIDE, STAY IN THE MARKET BASED ON THESE LEVELS
BUY PRAJINDS 76.50 SL 74.35 TGT 77.9/79
BUY WELSPUN GUJ FUTURES ABOVE 115 SL 110.40 TGT 119/122
BUY PROVOGUE(I) AT CMP SL 37.4 TGT 41/45
SELL RELINFRA BELOW 766 SL 778 TGT 751/742
SELL BHEL BELOW 1650 SL 1666 TGT 1632/1621
SELL MCDOWELL BELOW 660 SL 680 TGT 620/601

TEA STOCKS, SHIPPING AND SUGARS ARE LOOKING STRONG