INTRADAY TIPS FOR 09 SEPTEMBER 2009

GOOD MORNING!!!

LAST DAY INDICES HAVE OPENED FIRM WITH ALL THE GLOBAL MARKETS, HOWEVER MARKET DID NOT SUSTAIN IN THE LAST HOUR OF PROFIT BOOKING. OVERALL HEALTH AND STRUCTURE OF THE MARKET REMAINED POSITIVE. ONE CAN EYE ON EDUCATION STOCKS WHICH MAY SPURT FROM HERE ON. RELIANCE HELD THE MARKET AND LOOKED VERY POSITIVE ABOVE 2080 YOU CAN SEE RELIANCE TO GO UP FURTHER, THIS CLEARLY INDICATES A FRESH UP MOVE CAN BE EXPECTED IN MARKETS. RIIL ALSO LOOKS POSITIVE.

TODAY NIFTY WOULD BE RANGE BOUND SO TRADERS ARE ADVISED TO BOOK PROFITS AT REGULAR INTERVALS. IF NIFTY TRADES ABOVE 4820 ONE CAN INITIATE LONGS WITH A STOPLOSS OF 4767 FOR A TARGET OF 4842 AND THEN 4878 IF NIFTY SUSTAINS ABOVE 4878 THEN ONE CAN BLINDLY CARRY LONGS FOR A TARGET OF 5000 AND ON THE DOWNSIDE IF NIFTY BREAKS BELOW 4780 THEN ONE CAN EXPECT NIFTY TO TAKE SUPPORT AROUND 4767 BREAK BELOW THIS LEVEL WE CAN SEE NIFTY TO COME DOWN TO 4730 AND CLOSE BELOW 4730 IS EXPECTED TO COME DOWN 4656 SO ONE IS ADVISED TO SEE THESE LEVELS AS VERY CRUCIAL.

BUY EXCEL CORP SL 130 TGT 139/144**ONE CAN HOLD FOR TARGET OF 170

BUY TITAN SL 1263 TGT 1320/1340** ONE CAN HOLD POSITIONALLY FOR A TARGET OF 1500

BUY EVERONN SL 407 TGT 420/425** ONE CAN HOLD POSITIONALLY FOR A TARGET OF 500

BUY IDFC SL 142.90 TGT 149/152/155

POSITIONAL TRADES
BUY KSK ENERGY SL 170 TGT 200/250/300**
DONT MISS STOCKS RATED ** ADVISED INVESTORS AND TRADERS TO GIVE PREFERENCE TO THEM