DOW JONES AGAIN OPENED FROM WHERE IT HAD CLOSED THE PREVIOUS DAY AND CONTINUED ITS FALL TO THE DAY`S LOW OF 11318 AND RECOVERED TO 11348 LOSING 130 POINTS IN THE PROCESS ON FINANCIAL SECTOR WOES AND WEAK ECONOMIC DATA. ASIAN MARKETS OPENED MARGINALLY LOWER ON THE BACK OF U.S. WEAKNESS.

NIFTY FUTURE YESTERDAY OPENED LOWER AT 4365, TOUCHED THE DAY`S LOW 4331 AND RECOVERED TO CLOSE AT DAY`S HIGH OF 4403.

NIFTY FUTURE SUPP LEVELS 4335,4309 RESIST 4405, 4462. IF NIFTY FUTURE HOLDS THE FIRST SUPP LEVEL IT MAY RECOVER LATER IN THE DAY. AVOID SHORT ABOVE 4410 FOR THE DAY.

DETAILED STOCK CALLS TOMORROW.

ANOTHER DAY OF CARNAGE ON WALL STREET WITH DOW PLUNGING 225 POINTS IN THE DAY AND RECOVERED A LITTLE TO CLOSE AT 11479, DOWN 180 POINTS FOR THE DAY. THE REPORT OF  FANNIE AND FREDDIE HAVE TO BE BAILED OUT BY THE TREASURY PULLED DOWN THE MORTGAGE GIANTS BY MORE THAN 20% IN THE DAY ON FEARS OF EXISTING SHAREHOLDERS BEING WIPED OUT. CRUDE FALLING TO AROUND $112 DID NOT HELP THE FALLING MARKETS. NIKKEI DOWN BY MORE THAN 350 POINTS AHEAD OF BOJ ANNOUNCEMENT ON  THE STATE OF THE ECONOMY.

NIFTY FUTURE WAS RANGE BOUND AS EXPECTED BUT FEEW STOCKS DROPPED SHARPLY. NIFTY FUTURE YESTERDAY OPENED AT 4418,FELL TO 4392, MANAGED TO MOVE UP TO 4459  DURING THE DAY ONLY TO CLOSE LOWER AT 4407 LOSING 28 POINT FROM PREVIOUS DAY`S CLOSE.

NIFTY  FUTURE SUPP LEVELS 4370,4309 RESIST 4462, 4511. NIFTY FUTURE IS EXPECTED TO OPEN LOWER ON THE BACK OF U.S. AND OTHER ASIAN MARKET WORRIES.  OUT LOOK FOR THE NIFTY IS  SUBDUED  AND MAY NOT SEE GAINS  UNTIL IT CLOSES ABOVE 4510. AVOID ALL SHORTS ABOVE 4515. DESPITE NIFTY STAYING RANGEBOUND AT LEAST TWO OF THE TRADING CALLS TRIGGERED STOP LOSSES THAT SHOWS WEAKNESS IN SUCH STOCKS.

GMRINFRA SUPP 98,93 RESIST 107,112 SELL

BPCL BUY 301 SL 298 TGT 314

BHARTIARTL SUPP 802,790 RESIST 821,829 SELL AT HIGHER LEVEL

SCI SUPP 220, 212 RESIST 230 SELL

ZEEL SUPP 206,201 RESIST 216 BUY

IDFC SUPP 92,88 RESIST 99 BUY WITH SL 87

INDIACEM BUY 141 SL 138 TGT 151

CAIRN SUPP 237,232 RESIST 249 SELL

WIPRO SUPP 428,421 RESIST 441 BUY

HINDALCO SUPP 128,124 RESIST 134,141 SELL

HINDUNILVR BUY 237 SL 235 TGT 247

RELIANCE BELOW 2218 TGT 2180

SATYAMCOMP BUY 416 SL 413 TGT 428,460

INDIANB BUY 110 SL 107 TGT 118,126

DAY TRADING WII BE DIFFICULT  IF THE MARKET OPENS WITH A GAP ON EITHER SIDE. STICK TO LEVELS FOR TRADING OR WAIT FOR TOMORROW.

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

DOW  JONES MANAGED TO CLOSE POSITIVELY ON THURSDAY AND FRIDAY AND FINISHED THE WEEK AT 11660, 0.6% LOWER FOR THE WEEK.  MIXED SIGNALS FROM ECONOMY AND BETTER THAN EXPECTED RESULTS FROM RETAILERS  DOW JONES MANAGED TO CLOSE  44 POINTS HIGHER ON FRIDAY. JULY CONSUMER PRICE INDEX AT 5.6% HIGHER THAN EXPECTATION,  JOBLESS CLAIMS STEADY AT 450,000 AND INDUSTRIAL PRODUCTION AT 0.2%,WHICH WAS BETTER THAN EXPECTATION KEPT THE MARKETS RANGEBOUND. SENTIMENTS IMPROVED WITH THE DOLLAR GAINING STRENGTH, NOT ON ITS OWN, BUT BECAUSE OF SLOWER GROWTH IN OTHER ECONOMIES OF THE WORLD. COMMODITIES FELL ON GREEN BACK`S STRENGTH AND CRUDE FELL TO 111 DOLLARS ON FRIDAY.

BANK OF JAPAN IS EXPECTED TO KEEP RATES AT 0.5%, BUT THE MARKET IS WATCHING STATEMENTS ON THE STATE OF ITS ECONOMY. NIKKEI IS TRADING HIGHER BY OVER 220 POINTS NOW.

NIFTY FUTURE OPENED LOWER ON THURSDAY AT 4511, BREIFLY TOUCHED 4524 ONLY TO FALL TO THE DAY`A LOW OF 4425 AND CLOSED AT 4435.

NIFTY FUTURE SUPP LEVELS 4408, 4360 RESIST 4511,4585.  NIFTY MAY HAVE RESISTENCE AROUND 4510 LEVELS AND ONLY A CLOSE ABOVE CAN TAKE NIFTY TO HIGHER LEVELS. HIGHER INFLATION AFTER MARKET HOURS ON THURSDAY AND CRUDE STEADY AT OVER $114 ON OPEC`S THREAT TO CUT OUTPUT MAY KEEP THE MARKETS RANGE BOUND WITH DOWNWARD BIAS. AVOID SHORT ABOVE 4515.

GMRINFRA SUPP 98,93 RESIST 107,112 SELL AT HIGH LEVEL

BPCL SUPP 312,306 RESIST 323,328 BUY AT LOWER LEVEL

BHARTIARTL BUY 811 SL 808 TGT 829

DLF BELOW 487 MAY TOUCH 473

SCI BUY 230 SL 228 TGT 238

ZEEL SUPP 206,201 RESIST 216 BUY AT LOWER LEVEL

IDFC SUPP 96,92 RESIST 104,109 SELL

CAIRN SUPP 242,237 RESIST 248,252 BUY

WIPRO SUPP 428,421 RESIST 441,446 SELL

HINDALCO BUY 134 SL 132 TGT 141

SATYAMCOMP SUPP 406,399 RESIST 416,422 BUY AT LOWER LEVEL

DOW JONES CONTINUED TO FALL FROM WHERE IT CLOSED EARLIER,  SUNK TO THE DAY`S LOW BY NOON LOSING 189 POINTS AND PARED LATER IN THE DAY, ONLY TO FALL AGAIN AND CLOSED AT 11532, NEALY 109 POINTS LOWER. TO DAY THE FALL WAS DUE TO INVENTORY REPORTS ON CRUDE AND GASOLINE ALONG WITH OFCOURSE FINANCIAL NEWS. BANK OF AMERICA FELL BY 7 PERCENT BECAUSE OF  IMPENDING LEGAL WOES TO ITS `ACQUIRED COUNTRYWIDE FINANCIALS.` WITH INVESTMENT BANKS CUTTING  EARNING ESTIMATES AMONG THEMSELVES AND DOWNGRADING EACH OTHER THE FINANCIAL SECTOR`S WOES DO NOT SEEM TO END.

ASIAN MARKETS OPENED NEGATIVE TO FLAT ON OVERNIGHT U.S. WORRIES AND STABILISING CRUDE PRICES. AS WE HAD SAID EARLIER METALS AND COMMODITIES SEEM TO PULL BACK FROM THEIR OVERSOLD LEVELS. AS EXPECTED SEBI HAD NOTHING TO SAY ON PN`S YESTERDAY,  BUT, THIS MAY CAUSE OUR MARKETS TO OPEN LOWER.

NIFTY FUTURE YESTERDAY OPENED LOWER AT 4511 AND WAS BETWEEN 4505 AND 4589 AND CLOSED AT 4562.

NIFTY FUTURE SUPP LEVELS 4502, 4460,4408 RESIST 4585, 4620,4655. NOT MUCH OF MOVEMENT IS EXPECTED AHEAD OF LONG WEEK END. A CLOSE BELOW 4460 MAY BE AN INDICATION OF WEAKNESS.  FURTHER RISE IN CRUDE PRICE MAY MAR THE SENTIMENTS. IF NIFTY HOLDS ABOVE 4400 WE MAY SEE FURTHER GAINS BEFORE THIS SETTLEMENT ENDS.  LONGS AT LOWER LEVEL WITH STRICT SL IS SUGGESTED.

GMRINFRA SUPP 106,103 RESIST 113,116 BUY AT LOWER LEVEL

BPCL SUPP 319,315 RESIST 329,335

BHARTIARTL BUY 811 SL 808 TGT 829,840

SCI SUPP 229, 221 RESIST 238,245 BUY

ZEEL SUPP 210,206 RESIST 217,225 SELL AT HIGHER LEVEL

IDFC SUPP 104,101 RESIST 109,112 BUY AT LOWER LEVEL

HCC SUPP  104,99 RESIST 113,116 BUY

CAIRN SUPP 237,233 RESIST 249 BUY

HINDALCO SUPP 138, 134 RESIST 146,149 BUY

SATYAMCOMP  SUPP 399,392 RESIST 415 BUY

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in

DOW JONES FELL FROM WHERE IT CLOSED YESTERDAY, ONCE AGAIN ON FINANCIAL SECTOR WORRIES, WITH UBS POSTING QUARTERLY LOSS AGAIN AND JP MORGAN CHASE AND GOLDMAN SACHS CUTTING THEIR EARNING ESTIMATES. DOW CLOSED AT 11642 DOWN 140 POINTS, OFF IT DAY`S LOW AT 11601. JAPAN`S NIKKEI OPENED LOWER AND WAS DOWN 300 POINTS ON GROWTH WORRIES.

NIFTY FUTURE YESTERDAY OPENED AT 4644,FELL FROM DAY` HIGH OF 4654 (OUR RESISTANCE LEVEL 4655) TO 4635 AND CLOSED AT 4571.

NIFTY FUTURE SUPP LEVELS 4520,4460 RESIST 4620, 4655. LONG AT LOWER LEVEL SUGGESTED WITH STRICT STOPS.

GMRINFRA SUPP 106, 103 RESIST 116 BUY AT LOWER LEVEL

BPCL SUPP 321,316 RESIST 335 BUY

DLF BELOW 545 TGT 533

ZEEL SUPP 210,206 RESIST 217,221 BUY

IDFC SUPP 104,101 RESIST 112,116 BUY AT LOWER LEVEL

INDIACEM SUPP 149 RESIST 164 SELL AT HIGHER LEVEL

HCC BUY 104 SL 102 TGT 113,116

CAIRN BUY 233 SL 230 TGT 242

INDIANB BUY 121 SL 119 TGT 131

HINDALCO SUPP 138,134 RESIST 146,149 BUY

SATYAMCOMP BUY 392  SL 389 TGT 414

DO NOT AVOID SL AND HEDGING IS THE ONLY WAY TO SUSTAIN THE VOLATILE MARKET.HAVE A GOOD DAY. Replies At This ColoumN OR AT vijay.calls@yahoo.co.in