WE INTEND ADVISING  SELECTIVE HEDGED DERIVATIVE CALLS TO BEAT THE MARKET VOLATILITY. WE SHALL ADVISE LATER ABOUT IT

MARKETS ON QUICK SAND

THANKS TO  HP AND HOME DEPOT RESULTS WHICH TOPPED ESTIMATES , DOW  GAINED 151 POINTS  LATE IN THE DAY TO CLOSE AT  8424.  DOW  WAS VOLATILE AFTER OPENING FLAT, GAINED  204 POINTS AT THE HIGH LEVEL OF THE DAY AT NOON, ONLY TO FALL TO THE DAY`S LOW OF 8105 IN THE AFTERNOON SESSION AND MANAGED TO CLOSE POSITIVELY ON THE STRENGTH OF SELECTIVE FEW STOCKS. WITH GM AND FORD WAITING FOR A DESPARATE BAILOUT,  THERE IS GLOOM OVER AUTO INDUSTRY. ASIAN MARKETS ARE TRADING LOWER AND NIKKEI IS DOWN BY 98 POINTS AT THIS TIME.

NIFTY FUTURE YESTERDAY OPENED LOWER AT 2760 AND WAS IN THE NEGATIVE ZONE THROUGHOUT THE DAY.  ON A VOLATILE DAY NIFTY WENT DOWN TO THE LOW OF 2655 AND CLOSED AT 2683 LOSING 116 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  2616, 2520,2360 RESIST 2758, 2815,2890. NIFTY  FUTURE IS GETTING WEAKER BY THE DAY AND LACK OF TRADING INTEREST  ADD TO THE WOES. WE MAY SEE THE LOWS AGAIN   IN THE COMING DAYS. AVOID SHORT FOR THE DAY ABOVE 2770. AVOID LONG BELOW 2600.

WIPRO  SUPP 230,223,196 RESIST 240,247 SELL

HINDALCO BELOW 52 MAY TOUCH 46

BANKBARODA SUPP 255,245 RESIST 265,275 SELL AT HIGHER LEVEL

HINDUNILVR BUY 228 SL 224 TGT 237

HINDUNPETRO SUPP 223 RESIST 235,244 BUY

MARUTI SUPP 486,463 RESIST 535 SELL

RELIANCE BELOW 1080 TGT  1000

SATYAMCOMP SUPP 236,222 RESIST 246,258 SELL AT HIGHER LEVEL

TATASTEEL SUPP 157 RESIST 172

MARKETS STRUGGLE TO STAY AFLOAT

DOW JONES ONCE AGAIN WENT DOWN IN THE OPENING HOURS, RECOVERED TO THE HIGHEST LEVEL OF THE DAY AT 8571 AROUND NOON GAINING 74 POINTS, ONLY TO GET BACK TO THE LOWEST LEVEL OF THE DAY AT 8246 IN THE FINAL HOUR AND CLOSED AT 8273 LOSING 223 POINTS. CITI PLANS TO SLASH 52000 JOBS AND G-20`S FAILURE TO IMPRESS WERE ENOUGH TO BRING THE INDEX DOWN. OFFICIALLY JAPN AND EUROPE ARE UNDER RECESSION, BUT THE U.S. FROM WHERE ALL PROBLEMS WERE STARTED YET TO ACCEPT IT`S RECESSION. DOW MAY BE HEADING FOR NEW LOWS IN THE COMING DAYS. ASIA OPENED LOWER WITH NIKKEI AT MINUS 168 POINTS AT THIS TIME.

BACK HOME NIFTY FUTURE OPENED FLAT AND WENT UP TO 2849 AND NOSE DIVED TO THE LOW OF 2694 LOSING 133 POINTS, ONLY TO RECOVER TO THE POSITIVE ZONE BRIEFLY AND CLOSED AT 2799 WITH THE NET LOSS OF 28 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 2710,2671, 2616 RESIST 2815,2890,2950. NIFTY FUTURE MAY OPEN LITTLE LOWER ON GLOBAL CUES. WE ADVISE CAUTION AT HIGHER LEVELS AS SELLING IS EVIDENT WHENEVER THE MARKET RECOVERS.

WIPRO SUPP 236,230 RESIST 255,264

HINDALCO SUPP 52 RESIST 57,60 BELOW 52 MAY TOUCH 46

BANKBARODA SUPP 263,259,245 RESIST 275,284 SELL AT HIGHER LEVEL

HINDUNILVR BUY 229 SL 224 TGT 240

HINDPETRO SUPP 218,213 RESIST 226,232 BUY

MTNL SUPP 72,67 RESIST 76,82 BUY AT LOWER LEVEL

SATYAMCOMP SUPP 247,241 RESIST 259, 272 SELL AT HIGHER LEVEL

                                                                VOLATILE WEEK AHEAD

DOW JONES ON FRIDAY OPENED LOWER AND WENT DOWN FURTHER TO THE LOW OF 8469 LOSING 366 POINTS FROM THE PREVIOUS CLOSE AND RECOVERED SMARTLY IN THE AFTERNOON SESSION TO GAIN 88 POINTS AT 8923. LAST HOUR SELLING PULLED DOWN THE INDEX BACK TO ITS LOWS AND DOW CLOSED AT 8497 WITH THE DAY`S LOSS OF 337 POINTS ON TOP OF 552 GAIN ON THURSDAY. OCTOBER RETAIL SALES DECLINED 2.85 WHICH WAS BELOW EXPECTATIONS. WITH MORE BAD NEWS ON CONSUMER PRICE INDEX AND HOUSING STARTS EXPECTED THIS WEEK, MUCH VOLATILITY IS AHEAD. ASIAN MARKETS ARE WEAK AND NIKKEI IS DOWN BY 225 POINTS ATHTHIS TIME.

NIFTY FUTURE ON FRIDAY OPENED HIGHER AT 2895, BRIFLY WENT UP TO 2933, FELL TO THE LOW OF 2770 LATER IN THE DAY AND CLOSED AT 2827 IN A VOLATILE SESSION.

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 2785,2671.2616 RESIST 2890,2950,3055. ON FRIDAY WE ADVISED BOOKING PROFITS EVEN IF THE MARKET OPENS HIGHER. AS SAID THE MARKETS OPENED HIGHER AND CAME DOWN ON SELLING PRESSURE. NIFTY FUTURE STRUGGLES AT HIGHER LEVELS. AND WE EXPECT THE MARKET TO COME DOWN FURTHER IN THE COMING DAYS.. AVOID LONG BELOW 2770.. KEEP BOOKING PROFITS AT RESISTANCE LEVELS AND RE ENTER AT LOWER LEVELS.

WIPRO SUPP 235 TGT 246,254 AVOID LONG BELOW 230

HINDALCO BUY 54 SL 52 TGT 60 BELOW 52 MAY TOUCH 46

ARIND SUPP 16.5,15 RESIST 18.5,20

BANKBARODA SUPP 271 RESIST 285,292 SELL AT HIGHER LEVEL

HINDUNILVR BUY 228 SL 224 TGT 236,240

HINDPETRO BUY 213 SL 211 TGT 225,232

ICICIBANK BELOW 370 TGT 341

MTNL SUPP 70,67 RESIST 75 BUY AT LOW LEVEL

MARUTI SUPP 536,520 RESIST 554,570 SELL

SATYAMCOMP SUPP 260,251 RESIST 272,284 SELL

TATASTEEL SUPP 173,156 RESIST 184,194 SELL

DLF BELOW 231 TGT 212

MAHAVIR JAYANTHI SAVED THE DAY FOR BULLS

DOW JONES PULLED OF A SPECTACULAR RECOVERY IN THE SECOND HALF OF YESTERDAY, AFTER LOSING 411 POINTS  AND 317 POINTS RESPECTIVELY ON WEDNESDAY AND YESTERDAY`S FORE NOON SESSION. DOW RECOVERED FROM YESTERDAY`S LOW OF 7965 TO THE HIGH OF 8876 GAINING 594 POINTS  AND CLOSED AT 8835 NETTING  A GAIN OF 552 POINTS, ON A DAY OF REASONABLY LARGE VOLUMES. EARLIER IN THE DAY DOW FELL ON WEEKLY JOBLESS CLAIMS  THAT  HIT A SEVEN YEAR HIGH OF 516000, WHICH WAS ABOVE THE ESTIMATES. ASIAN MARKETS HAVE OPENED HIGHER AND NIKKEI IS HIGHER BY  357 POINTS.

NIFTY FUTURE  OPNED AT 2907 ON WEDNESDAY AND  RECOVERED   TO GAIN 66 POINTS AT 2988. BUT A SELL OFF  IN THE AFTER NOON  BROUGHT IT DOWN TO THE LOW OF 2785 AND IT MANAGED TO CLOSE AT 2854 LOSING  68 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 2845, 2800 RESIST 2950, 3055. WEDNESDAY`S SELL OFF WEAKENED THE NIFTY FUTURE CONSIDERABLY. THOUGH THE MARKETS ARE EXPECTED TO OPEN HIGHER ON GLOBAL FOLLOW UP AND FALLING INFLATION, WE EXPECT SELLING AT HIGHER LEVELS. HENCE KEEP BOOKING PROFITS UNTIL MARKETS STABILISE. AVOID LONG BELOW 2840. AVOID SHORT ABOVE 2960 DURING THE DAY.

WIPRO SUPP  245 RESIST 255,264 BUY WITH SL BELOW 240

HINDALCO BUY 55 SL 53 TGT 60,64

ARVIND BUY 17 SL 16 TGT 19.5

BANKBARODA SUPP 276,271 RESIST 287,292 BUY AT LOWER LEVEL

HINDUNILVR SUPP 230,225 RESIST 240,249 SELL

HINDPETRO SUPP 205,198 RESIST 220,225

MTNL BUY 67 SL 66 TGT 72, 75

RELIANCE SUPP 1155, 1125 RESIST 1200,1250

SATYAMCOMP SUPP 261, 251 RESIST 273, 284 SELL AT HIGHER LEVEL

GLOBAL MARKETS FALTER ON ECONOMY OUTLOOK

MANY WOULD  HAVE  WISHED THAT  U.S.STOCK MARKETS WERE ALSO CLOSED YESTERDAY ALONG WITH BONDS MARKET TO GET A REPRIEVE FROM THE FALLING NETWORTH..ONLY BOND MARKETS WERE CLOSED FOR VETERANS DAY. SINCE WE DONOT HAVE MANY VETERANS IN STOCK MARKET. DOW JONES  CONTINUED ITS FALL TILL NOON YESTERDAY TO THE LOW OF 8560 LOSING 310 POINTS, BUT RECOVERED ALMOST ALL THE LOSS IN THE AFTER NOON WHEN IT TOUCHED 8867. FEARS ABOUT THE ECONOMY, TRIGGERED SELLING AND DOW CLOSED AT  8693 LOSING  176 POINTS FOR THE DAY. ASIAN MARKETS FOLLOW THE TREND AND NIKKEI IS TRADING LOWER BY 41 POINTS AT THIS TIME.

NIFTY FUTURE YESTERDAY  OPENED LOWER AT 3142 TRAPPING ALL THE BULLS OF THE PREVIOUS DAY. DOWN WARD JOURNEY CONTINUED TILL THE CLOSING BELL WHEN THE FUTURE TOUCHED THE LOW OF 2906 AND CLOSED AT 2922 LOSING 254 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  2850, 2800 RESIST 3055,3150.

YESTERDAY WE ADVISED NO LONG BELOW 3050 AND NIFTY FUTURE LOST ALMOST 150 POINT FROM THERE TO TOUCH OUR SUPPORT LEVEL OF 2900.

NIFTY FUTURE MAY TAKE SUPPORT AROUND 2850 FOR THE DAY. BUT WE ADVISE AGAINST LONG IF IT TRADES BELOW THAT LEVEL. AS WE HAVE BEEN SAYING THE BOTTOM MAY STILL NOT BE IN PLACE. HENCE KEEP BOOKING PROFITS AT RESISTANCE LEVEL.

WIPRO  SUPP 244 RESIST 265 BUY WITH  SL BELOW 240

HINDALCO BUY 55 SL 53 TGT 64

ARVIND  BUY 16.5 SL 15.5 TGT 19.5

BANKBARODA SUPP 277,271 RESIST 292,298 BUY AT LOWER LEVEL

HINDUNILVR SUPP 241,236 RESIST 249 BUY AT LOWER LEVEL

HINDPETRO SUPP 198,195 RESIST 213 BUY AT LOWER LEVEL

ORIENTBANK SUPP 148,143 RESIST 157,161 BUY AT LOWER LEVEL

RELIANCE SUPP 1163,1125 RESIST 1250,1306

SATYAMCOMP SUPP 262 RESIST 284 BUY SL260 BELOW WHICH TGT 242

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

HINDPETTO BUY 210 SL 207 TGT 222,233

ICICIBANK SUPP 450 RESIST 474, 498 BUY WITH SL 446

MARUTI ABOVE 603 TGT 619

RELIANCE SUPP 1260, 1190 RESIST 1306, 1360

SATYAMCOMP SUPP 285, RESIST 300,312 SELL AT HIGHER LEVEL

AMBUJACEM SUPP 57,54 RESIST 64,68 SELL AT HIGHER LVL

DOW JONES ON FRIDAY MANAGAED TO STAY IN THE POSITIV TERRITORY THROUGH OUT THE DAY, DESPITE SOME WORSE ECONOMIC DATA BEFORE THE OPENING BELL AND MANAGED TO CLOSE AT 8943 NEAR THE DAY`S HIGH OF 8961 GAINING 248 POINTS AFTER TWO DAYS OF BIGGEST LOSS.
NONFARM PAY ROLLS DECLINED 240000 IN OCTOBER, PUSHING UP THE UNEMPLOYMENT RATE TO 6.5 PERCENT UP FROM 6.1 PERCENT FROM THE PREVIOUS MONTH. ASIAN MARKETS HAVE OPENED HIGHER AND ARE TRADING POSITIVELY. NIKKEI IS UP BY ABOUT 470 POINTS AT THIS TIME.

NIFTY FUTURE ON FRIDAY WAS SUBDUED TILL NOON AND RALLIED STRONGLY IN THE SECOND HALF OF THE DAY TO CLOSE AT 3018, NEAR THE DAY`S HIGH OF 3028 GAINING 136 POINTS DURING THE DAY.

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

NIFTY FUTURE SUPP LEVELS 2900,2850,2800 RESIST 3020,3140. WE ADVISED NOSHORT ABOVE 2960 ON FRIDAY. NIFTY MAY OPEN HIGHER ON FOLLOW UP TO DAY. KEEP BOOKING PROFITS AT HIGHER LEVEL AS THIS IS STILL A PULL BACK RALLY.  SELLING AT HIGHER LEVELS WILL BRING DOWN THE NIFTY TO LOWER LEVELS IN THE COMING DAYS. AS WE HAVE BEEN SAYING BUY AT SUPPORT LEVELS AND EXIT AT RESISTANCE LEVELS. 

STOCK CALLS TOMORROW.

rong> GLOBAL MARKETS CRUMBLE ON ECONOMIC OUTLOOK

DOW JONES CONTINUED THE DOWNWARD JOURNEY FOR THE SECOND DAY DUE TO POOR ECONOMIC DATA. JOBLESS CLAIMS FOR THE WEEK AT 481000 AND DECLINING RETAIL SALES HAVE LED TO A SUBSTANTIAL DROP IN THE INDEX. DOW STARTED FALLING RIGHT FROM THE OPEN AND FELL TO THE LOWEST LEVEL OF 8637 AND CLOSED AT 8695 LOSING 443 POINTS FOR THE DAY AND NEARLY 1000 POINTS IN THE LAST TWO DAYS.

DECLINING CRUDE AND MELTING COMMODITIES ADDED TO THE WOES. ASIAN MARKETS ARE NO DIFFERENT AND ARE TRADING AT LOWER LEVELS. NIKKEI IS DOWN BY 413 POINTS AS OF NOW ON STRENGTHENING YEN.

NIFTY FUTURE OPENED LOWER AT 2898, FELL FURTHER TO 2851, RECOVERED TO 3020 LATER IN THE DAY, ONLY TO FALL TO LOWER LEVELS AND CLOSED AT 2882 LOSING 89 POINTS.

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

<p>NIFTY FUTURE SUPP LEVELS 2800, 2671,2616 RESIST 2950, 3020, 3140. NIFTY FUTURE MAY OPEN LOWER AGAIN. SINCE HEAVY WEIGHTS ARE WEAK, NIFTY MAY FALL TO LOWER LEVELS AS HAD BEEN SAID IN THIS COLUMN. BELOW 2600 NIFTY MAY RETEST OR BREAK BELOW EARLIER LOWS IN THE COMING DAYS. AVOID SHORT DURING THE DAY IF NIFTY FUTURE TRADES ABOVE 2960.

WIPRO SUPP 245,233 RESIST 269,275 BUY AT LOWER LEVEL SL 230

HINDALCO BELOW 53 TGT 46

BANKBARODA SUPP 271,263 RESIST 282,292 SELL

HINDUNILVR SUPP 236, 226 RESIST 245,249 BUY AT LOWER LEVELS

ICICIBANK BELOW 415 TGT 400,380

ORIENTBANK SUPP 136,132 RESIST 145,148 BUYAT LOWER LEVEL

RELIANCE SUPP 1125, 1085,1005 RESIST 1230

SATYAMCOMP SUPP 264,258,241 RESIST 275,284 SELL

GMRINFRA SUPP 56,50 RESIST 66 BUY AT LOWER LEVEL

DOW JONES OPENED LOWER AT 9616, CONTINUED TO FALL THROUGHOUT THE DAY, AS ECONOMIC REALITIES TOOK CENTER STAGE, SETTING ASIDE THE COSMETIC ELECTION RESULTS, TO THE LOWEST LEVEL OF 9111 AND CLOSED AT 9139 LOSING 486 POINTS. PRIVATE NON FARM EMPLOYMENT DECLINED BY 157000, MUCH LESS THAN THE EXPECTED DECLINE OF 100000 AS PER ADP NATIONAL EMPLOYMENT REPORT. ISM SERVICES INDEX AT 44.4 IN OCTOBER REVEALS SHARP CONTRACTION IN SERVICES SECTOR SINCE 1997. THERE IS NO MAGIC WAND FOR BARACK OBAMA TO FIX THE STRUGGLING U.S. ECONOMY AND THE PAINS HAVE TO BE UNDERGONE IN THE COMING YEAR. WHILE THE ASIANS HAILED OBAMA`S VICTORY, MARKETS FOLLOWED DOW JONES. NIKKEI IS DOWN BY NEARLY 500 POINTS AT THIS TIME.

NIFTY FUTURE OPENED HIGHER AT 3274 AND AS SAID IN THIS COLUMN YESTERDAY FAILED TO STAY ABOVE 3265. NIFTY FUTURE WAS LOSING STEADILY THROUGH THE ENTIRE DAY AND CLOSED AT THE LOWEST LEVEL OF THE DAY AT 2971 LOSING 204 POINTS FROM PREVIOUS CLOSE AND 328 POINTS FROM DAY`S HIGH.

<p>NIFTY FUTURE SUPP LEVELS 2950,2800 RSIST 3140,3265. AVOID LONG BELOW 2950 DURING THE DAY. AS THE MARKETS ARE STILL IN DOWN TREND BOOK PROFITS AT EVERY RISE. MARKETS ARE LIKELY TO BE RNAGE BOUND FOR SOME MORE TIME AND HENCE BUY AT LOW LEVELS AND SELL AT RESISTANCE LEVELS. DUE TO PAUCITY OF TIME NO STOCK CALLS TODAY.

DO NOT AVOID STOP LOSS AND HEDGING.

                                               DOW AND OBAMA CRUISE ALONG

DOW JONES OPENED HIGHER  ON THE ELECTION DAY. BUT FOR A BRIEF PERIOD, DOW MANAGED TO STAY ABOVE 9500 THROUGHOUT THE DAY AND CLOSED AT 9625, GAINING 305 POINTS ALMOST NEAR THE DAY`S HIGH AT 9644. EARLY RESULTS INDICATE  ILLINOIS DEMOCRAT CRUISING AHEAD. COMMODITIES  AND GLOBAL CURRENCIES MOVED HIGHER AS DOLLAR TUMBLED. ON THE ECONOMIC SIDE FACTORY ORDERS FOR SEPTEMBER WERE MUCH WORSE THAN EXPECTATION AT 2.5% DECLINE.  OBAMA OR MCCAIN IS NO PANACEA FOR THE STRUGGLING ECONOMY AND U. S. HAS TO UNDERGO THE PAINS FOR SOME MORE PERIOD.  ASIAN MARKETS ON SONG AGAIN AND NIKKEI IS UP BY 202 POINTS AT THIS TIME.

NIFTY FUTURE CONTINUED IT` S ONWARDS JOURNEY FOR THE FIFTH CONSECUTIVE DAY. NIFTY FUTURE FELL TO THE LOW OF 2993 IMMEDIATELY AFTER OPENING AND RECOVERED ALL THE LOSS LATER IN THE DAY TO CLOSE SHARPLY HIGHER AT 3175, NEAR THE DAY`S HIGH OF 3177 GAINING 113 POINTS.

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

NIFTY FUTURE SUPP LEVELS 3010, 2950,2800  RESIST 3195,3265,3359. NIFTY MAY OPEN HIGHER ON GLOBAL SENTIMENTS, HOWEVER MAY STRUGGLE TO STAY ABOVE 3265. AVOID SHORT FOR THE DAY IF NIFTY STAYS ABOVE 3276. RIDE THE RALLY AS LONG AS IT LASTS AND BOOK PROFITS AT RESISTANCE LEVELS. EXIT LON BELOW 2850. 

WIPRO SUPP 257,245 RESIST 269,280 BUY AT LOWER LEVEL

HINDALCO 59,54 RESIST 69,74 BOOK PROFIT AT HIGHER LEVELS

BANKBARODA SUPP 263 RESIST 298, 316 SELL AT HIGHER LEVELS

HINDUNILVR SUPP 236 RESIST  249,254 SELL AT HIGHER LEVEL

HINDPETRO SUPP 207,196 RESIST 219 SELL

M&M SUPP 378 RESIST 409

SATYAMCOMP SUPP 265 RESIST 288 BUY WITH SL 262

AMBUJACEM SUPP 61,58 RESIST 68 BUY AT LOWER LEVEL

IDFC SUPP 64,61 RESIST 74,78 SELL AT HIGHER LEVEL

INDIANB SUPP 131 RESIST 138,144 SELL AT HIGHER LEVEL