Today’s Levels (07-09-2010)

(Last Close : Sensex 18560 : Nifty Spot 5577)
Today’s Levels
Trade long if Sensex sustains above 18533 (Nifty 5572)
[Upside targets/resistances at 18600(5589)/18645(5605) or higher]
Trade short if Sensex fails to sustain above 18600 (Nifty 5589)
[Downside targets/supports at 18533(5572)/18466(5546) or lower]

FOR THE DAY (07-09-2010)

FOR THE DAY: The indices are expected to open on a flat-to-positive note in response to flattish global indices. Trade long in Nifty above 5580 levels, else from 5550 levels with stop loss placed at 5520 levels targeting 5600-5630 levels.

Good Morning (07-09-2010)

Asian steel stocks rose after U.S. President Barack Obama proposed a stimulus plan to boost economic growth. Japanese exporters fell on concern a stronger yen will hurt the value of overseas sales.
 
Indian market will open in positive note.
 
NIFTY range for the day would be 5490-5511-5555-5590-5620
 
SGX NIFTY is trading at + 10 (5586) @ 8:23 IST
 
Crude is trading at $74.03. Gold is trading at $1250.90 (Rs 19016). Rs vs $ 46.54.
 
Calls:
  • SRF
  • DELTACORP
  • ASTEC
  • TATASPONGE
  • TIMKEN
  • SUTLEJTEX
  • MALWACOT
  • CHOLAFIN
  • RAYMOND
  • FMGOETZE
  • CLUTCHAUTO
  • ASAHIINDIA
  • GUJRATGAS
  • IGL
  • PUNJLLYOD

Have A Nice Trading Day.