Monday, June 8, 2009

INTRADAY FOR 08 JUNE 2009

GOOD MORNING!!!!
MARKETS ARE GOING CRAZY WITHOUT ANY REASON AND NOT WILLING TO GIVE UP AT ANY STAGE ITS NOT ONLY FOLLOWING NEWTONS THIRD LAW RATHER REWRITTEN THE NEW LAW, FOR EVERY DOWNSIDE HAS TO BE EQUAL AND OPPOSITE UPSIDE BUT THE NEW LAW OF MARKET IS FOR EVERY DOWNSIDE IS GIVING DOUBLE THE IMPACT ON THE UPSIDE AND NOW THE MARKETS HAVE COME TO A STAGE WHERE IT IS STANDING AT A PIVOT AND THERE ARE LESS CHANCES OF UPSIDE AND ANY KIND OF NEWS OR PRESSURE FROM ANY DIRECTION WOULD THROW MARKET TO HEARTNING DOWNSIDE IN THE FORM OF RETRACEMENT/CORRECTION/PROFIT BOOKING. MARKET HAS A STRONG RESISTANCE AT 4650 THIS LEVEL CAN BE LOOKED AT FOR ANY KIND OF POSITIONS.

MARKETS TODAY WOULD BE RANGE BOUND AND HIGHLY VOLATILE. TODAY IF NIFTY MANAGES TO CROSS 4636 THEN MAY TAKE NIFTY TO 4680 TO THE MAXIMUM AND ON THE DOWNSIDE IF NIFTY BREAKS 4544 THEN MAY IMMEDIATELY SEE SUPPORT AT 4500 AND IF MANAGES TO TRADE BELOW IT THEN ONE CAN SEE NIFTY AT 4410.


BUY MRPL ABOVE 95 SL 92 TGT 100/103
BUY HEROHONDA ABOVE 1455 SL 1439 TGT 1468/1479
BUY TATAMOTORS ABOVE 388 SL 381 TGT 397/403

POSITIONAL FOR ONE WEEK ONCE YOU GET 10 TO 15% JUST EXIT
BUY SEL MANUFACTURING ABOVE 84 TGT 105
BUY PRITHVI INFOMATION ABOVE 75.50 TGT 96
BUY HALONIX ABOVE 69 TGT 87
BUY SANGHI INDUSTRIES 35.50 TGT 45
BUY OMAX AUTO 38 TGT 48
BUY INDRAPRASTHA MEDICAL 39 TGT 49

POSITIONAL FOR ONE TO TWO MONTHS
BUY COUNTRY CLUB 30 TGT 200
BUY SEAMAC 165 TGT 350
BUY JSWHOLDINGS 800 TGT 2000
BUY ESSARSHIPPING 80 TGT 200
BUY STC 400 TGT 1200
BUY INDRAPARASTHA GAS
BUY GNFC 100 TGT 150