INTRADAY CALLS – 11/11/08 – VIJAY
Published on Tuesday, November 11th, 2008 at 9:02 AMAuthor: admin (5507 Articles)
GLOBAL MARKETS STRUGGLE AT HIGHER LEVELS
DOW JONES YESTERDAY WAS TRADING HIGHER IN THE INITIAL HOURS OF THE DAY AND STARTED FALLING ON CONCERNS OF FINANCIAL AND AUTO COMPANIES. AFTER GAINING 215 POINTS AT DAY`S HIGH OF 9159, THE INDEX FELL AT REGULAR INTERVALS TO THE LOW OF 8760, LOSING 183 POINTS IN THE FINAL HOUR AND MANAGED TO CLOSE WITH A LOSS OF 73 POINTS AT 8870. ASIAN MARKETS ARE WEAK AND NIKKEI IS DOWN BY 334 POINTS AT THIS TIME.
NIFTY FUTURE OPENED AT 3050 , GRADUALLY GAINED THROUGHOUT THE DAY AND CLOSED AT 3176,NEAR THE HIGHEST LEVEL OF 3178 GAINING 158 POINTS.
DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A PROFITABLE DAY. REPLIES AT THIS COLUMN OR AT VIJAY.CALLS@YAHOO.CO.IN.
NIFTY FUTURE SUPP LEVELS 3050, 2900,2850 RESIST 3265, 3359. NIFTY MAY FIND RESISTANCE AROUND 3260 LEVELS. A CLOSE ABOVE 3270 MAY TAKE NIFTY TO 3450 LEVELS. INABILITY TO CROSS ABOVE THIS LEVEL MAY BRING NIFTY FUTURE DOWN. AVOID LONG BELOW 3050 FOR THE DAY.
WIPRO SUPP 263,254 RESIST 275,282 SELL AT HIGHER LEVEL
HINDALCO SUPP 62,57 RESIST 70,74 SELL AT HIGHER LEVEL
ARVIND BUY 17.5 SL 16 TGT 22,25
HINDUNILVR SUPP 248,243 RESIST 254,259 SELL AT HIGHER LEVEL
Source : intradaycalls-vijay.dstreetdirect.com
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