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
Aug 13
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