http://tradebhai.blogspot.com/2009/01/futures-trading-made-profitable.html
http://tradebhai.blogspot.com/2009/01/futures-trading-made-profitable.html
http://tradebhai.blogspot.com/2009/01/futures-trading-made-profitable.html
BSE Sensex: (9236) we saw volatility in good measure as the market climbed up and then sold off from our resistance on the nifty and closed marginally in the negative, but the move that has gone up in the last few days gives an impression that it has gone up to come down and so there is good possibility that market may shed some weight now…
According to Commtrendz Research’s report on Indian Rupee, supports are still holding between 48.60/48.7 levels followed by an important 48.25. Resistances are intact between 49.20/49.30.
US markets went higher as Obama announces a bailout package of 813 Billion $.
Europe ended higher. Asia is trading higher.
I expect Indian Markets to have a gap up opening.
MARKETCALLS – Intraday Stock Tips
Sell BPCL below 376 SL 385 Target 368-361
Sell MARUTI below 510 SL 520 Target 502-495
Buy CESC above 231.50 SL 235 Target 235-238
Buy FEDRALBANK above 144 SL 137 Target 147-150
Buy ITC above 176 SL 173 Target 180-183
Buy ONGC above 643 SL 624 Target 601-661-678