Intraday calls for 10 Aug

BEST SELL

LANCO INFRA(SELL) 285 (Target1) 281 ( Target 2) 278 (Sl) 294

BHARTI AIRTEL (SELL) 865 (Target1) 858 ( Target 2) 855 (Sl) 889

INDIABULL REAL EST (SELL) 502.2 (Target1) 498 ( Target 2) 495 (Sl) 518

Market Forecast for 09.08.07

The Indian markets followed global cues yesterday and markets receovered sharply with all round buying in index heavy weights were seen. If the global cues remains positive, the market may touch 4550-4600+ levels in the coming days. Before going long, it is advised to be cautious at these levels.

Today, market may open flat or positive with gap up of 25-38 points attached with some volatility due to profit booking at higher levels and remain long only above 4440 with SL 4425 for a tgt of 4500-4545. If it remains below 4435 keep short with SL 4450 for tgt 4410-4385. Dont carry overnight positions if the nifty closes below 4533.. Happy Investing

Tips...

BEST BUY

RCOM (BUY) 535 (Target1) 541 ( Target 2) 546 (Sl) 527

CROMPTON (BUY) 295 (Target1) 299 ( Target 2)302 (Sl) 289

INDIABULLS (BUY) 575 (Target1) 581 ( Target 2) 586 (Sl) 565

UTV SOFTWARE Buy @ CMP Target 530 StopLoss 495

PETRONET LNG Buy @ CMP Target 66 StopLoss 60

Tips...

BEST BUY

RCOM (BUY) 535 (Target1) 541 ( Target 2) 546 (Sl) 527

CROMPTON (BUY) 295 (Target1) 299 ( Target 2)302 (Sl) 289

INDIABULLS (BUY) 575 (Target1) 581 ( Target 2) 586 (Sl) 565

Market Forecast for 08.08.07

The Dow just managed to close in green amidst high volatility during the mid sessions. The indian markets will follow suit today. Since the market weakened in the closing hours, after remaining rangebound throughout the day, it is still not advisable to go long before the market closes above 4533. till then do intraday trade only..


Today, market may open flat or positive attached with high volatility and mixed bias and remain long only above 4370 with SL 4355 for a tgt of 4400-4435. If it remains below 4362 keep short with SL 4375 for tgt 4330-4305. Dont carry overnight positions till the nifty closes above 4533.. Till then,trade Intraday only....Mint Money..