Thursday, October 1, 2009

INTRADAY TIPS FOR 01 OCTOBER 2009

GOOD MORNING!!!
TODAY MARKETS ARE HIGHLY VOLATILE WITH VERY RANGE BOUND. MARKET AT NO POINT IS CONSIDERED TO BE WEAK IN THE CURRENT TREND OF THE MARKET, THE HEALTH OF THE MARKET IS VERY STRONG AND LIKELY TO RECOVER EVEN AFTER A SLIGHT DECLINE ONE IS ADVISED TO FOLLOW THE FOLLOWING LEVELS FOR INITIATING SHORT AND LONG POSITIONS. TODAY IF NIFTY TRADES BELOW 5018 IT IS ADVICED TO EXIT LONG POSITIONS AND ANYTHING ABOVE 5020 ONE IS ADVISED TO BE ON THE LONG SIDE. IF NIFTY TRADES ABOVE 5020 THEN WE CAN SEE NIFTY TO 5090 AND BREAK ABOVE THIS POINT WE CAN SEE NIFTY AT 5130 AND ON THE NEGATIVE FRONT IF NIFTY TRADES BELOW 5018 ONE IS ADVISED TO EXIT LONGS AND INITIATE SHORTS ONLY 4984 AND BREAK BELOW THIS LEVEL ONE CAN CARRY SHORTS FOR A FRESH TARGETS OF 4940. ONE CAN EYE BHARTI.
BUY BHARTI SL 414 TGT 436/465/513 **
BUY HCC FUTURES SL 128 TGT 134/137/140
BUY MARUTI AROUND 1680 LEVELS SL 1674 TGT 1700/1720
BUY BEML FUTURES SL 1054 TGT 1097/1116/1125
BUY DLF SL 432 TGT 439/442/447