FOR THE DAY (19-10-2010)

FOR THE DAY: The indices are expected to open on a positive note in response to the positive moves in the global indices. Trade long if Nifty holds above 6100-6120 with stop loss at 6070 for targets of 6180 and 6200 levels.

Today’s Levels (19-10-2010)

(Last Close : Sensex 20169 : Nifty Spot 6076)
Today’s Levels
Trade long if Sensex sustains above 20169 (Nifty 6076)
[Upside targets/resistances at 20229(6115)/20363(6129) or higher]
Trade short if Sensex fails to sustain above 20229 (Nifty 6115)
[Downside targets/supports at 20169(6076)/20105(6040) or lower]

Good Morning (19-10-2010)

Asian stocks advanced for the first time in three days after Citigroup Inc. reported profit that exceeded analysts’ estimates, boosting the outlook for corporate earnings.

Indian Market will open in positive note.

SGX NIFTY is trading at + 16 (6149) @ 8:15 IST.

NIFTY range for the day would be 5950-6000-6050-6130-6180

Crude is trading at $82.92. Gold is trading at $ 1370 (Rs 19897). Rs vs $ is at 44.37

Calls:
SSWL
ORCHIDCHEM
BIOCON
IDBI
DCB
GULFOILCOR
UFLEX
JBFIND
PDPL
FORTIS
KINETICMOT
SREINFRA
Have A Nice Trading Day.