FOR THE DAY (09-07-2010)

FOR THE DAY: The indices are expected to open on a positive note in response to the positive global indices. Trade long if Nifty sustains above 5320 levels, else from 5300 with stop loss placed at 5280 targeting 5350-5375 levels.

Today’s Levels (09-07-2010)

(Last Close : Sensex 17652 : Nifty Spot 5297)
Today’s Levels
Trade long if Sensex sustains above 17632 (Nifty 5291)
[Upside targets/resistances at 17728(5320)/17794(5339) or higher]
Trade short if Sensex fails to sustain above 17728 (Nifty 5320)
[Downside targets/supports at 17632(5291)/17587(5272) or lower]

Good Morning (09-07-2010)

Most Asian stocks fell as a Fast Retailing Co. forecast dragged on Japanese equities, overshadowing gains by technology companies after U.S. jobless claims declined.

Indian market will open in positive note.

NIFTY range for the day would be 5210-5250-5285-5330-5380

SGX NIFTY is trading at + 14.5 (5319.5) @ 8:20 IST

Gold is trading at $1199.7 (Rs 18324). Crude is trading at $75.74. Rs vs $ is at 46.87.

Calls:

GEINDSYS (BSE – 530743)
NITTAGELA (BSE – 506532)
POLARIS
INFINITE
UNITY
TITAN
GREAVESCOT
VIPIND
HERITGFOOD
PANTALOONR
HITACHIHOM
WHIRLPOOL
UFLEX
FCH
YESBANK

Have A Nice Trading Day !