Friday, September 25, 2009

INTRADAY TIPS FOR 25 SEPTEMBER 2009

GOOD MORNING!!!

TODAY MARKET WOULD BE VOLATILE WITH INITIALLY ON THE NEGATIVE BIAS. MARKETS TODAY ARE ENTERING INTO THE NEW CONTRACT ZONE WE MAY SEE A NEGATIVE OPENING BUT WE CANNOT CONCLUDE NIFTY TO BE ON THE NEGATIVE ZONE. ONE HAS TO SEE THE FOLLOWING LEVELS FOR INITIATING ANY TRADE ON THE UPSIDE IF NIFTY TRADES ABOVE 4980 THEN IT IS LIKELY TO SEE NIFTY AT 5012 AND IF NIFTY CROSSES 5015 AND TRADES FOR A LITTLE WHILE THEN WE CAN SEE NIFTY TO GO TO 5058 LEVLES AND ON THE DOWNSIDE IF NIFTY TRADES BELOW 4970 THEN IT WILL TAKE SUPPORT AT 4937 AND BREAK BELOW THIS LEVEL WOULD LEAD NIFTY TO 4906 AND BREACH AND CLOSE BELOW THIS LEVEL WOULD MAKE NIFTY WEAKER AND ONE IS ADVICED TO EXIT LONGS.


BUY HDFC BANK ABOVE 1620 SL 1599 TGT 1650/1674
BUY HCL ABOVE 345 SL 341 TGT 350/352
BUY ROLTA ABOVE 175 SL 173 TGT 179/184
BUY M&M ABOVE 860 SL 852 TGT 874/886/894
DELIVER TIPS
BUY RISHABHDEV TECHNOCABLE LTD.AT 20 TGT 50
BUY GSPL AT 77 SL 70 TGT 98
BUY MRPL AT 85 SL 77 TGT 108
BUY GIPCL AT 105 SL 90 TGT 160