Thursday, July 2, 2009

INTRADAY TIPS FOR 02 JULY 2009

GOOD MORNING!!!
YESTERDAY WITH FIRM OPENING IN EUROPEAN STOCKS AND GAINS IN US INDEX FUTURES LIFTED INDIAN STOCKS AND FRESH BUYING IN INDEX HEAVY WEIGHTS PROPELLED KEY BENCHMARK INDICES DAYS HIGH IN THE MIDAFTERNOON TRADE. BUT HIGH VOLATALITY WAS THE HALLMARK OF THE TRADING SESSION BUT AT THE END INDICES LOGGED DECENT SWINGS EITHER WAYS THROUGHOUT THE DAY REALITY AND BANKING SHARE WERE AT THE FOREFRONT OF THE RALLY.

TODAY MARKET WOULD BE POSITIVE WITH HIGH VOLATALITY AHEAD OF BUDGETS. TODAY IF NIFTY TRADES ABOVE 4385 THEN WOULD FACE RESISTANCE AT 4435 AND 4480 AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4350 THEN IT IS LIKELY TO COME DOWN TO 4312 AND THEN 4260.
WATCH FOR STOCKS LIKE KERNEX MICROSYSTEMS, TEXMACO, TITAGARH WAGAONS, KALINDEE RAIL NIRMAN ENGINEERS AND BEML AS THESE ARE PURELY ASSOCIATED WITH RAILWAYS.
BUY AXIS BANK ABOVE 865 SL 854 TGT 880/889/899
BUY M&M ABOVE 712 SL 699 TGT 725/734
BUY BPCL ABOVE 453 SL 443 TGT 464/472
BUY NEYVELLIGNITE 128 SL 122 TGT 135/138
BUY APTECH 178 SL 166 TGT 189/194