FOR THE DAY (28-10-2010)

FOR THE DAY: The indices are expected to open on a flat note in response to the weak global indices. Trade short if Nifty fails to breach past 6050 levels with stop loss placed at 6060 targeting 6020-6000 levels. Alternatively, trade long in Nifty above 6050 levels for targets of 6080 and 6100 levels.

Today’s Levels (28-10-2010)

(Last Close : Sensex 20005 : Nifty Spot 6013)
Today’s Levels
Trade long if Sensex sustains above 19923 (Nifty 5987)
[Upside targets/resistances at 20038(6015)/20088(6036) or higher]
Trade short if Sensex fails to sustain above 20038 (Nifty 6015)
[Downside targets/supports at 19923(5987)/19879(5962) or lower]

Good Morning (28-10-2010)

Asian stocks rose for the first time in three days as Australia & New Zealand Banking Group Ltd. led gains among the banks after the lender reported higher profit.

Indian Market will open in flat to positive note.

SGXNIFTY is trading at -6 (6025) @ 8:20 IST.

NIFTY range for the day would be 5940-5980-6025-6065-6115

Crude is trading at $ 82.01. Gold is trading at $ 1327.8 (Rs 19445). Rs vs $ is at 44.46.

Calls:

CIPLA
IDBI
ORCHIDCHEM
RAYMOND
SSWL
TIMKEN
DCB
AJMERA
DELTACORP
BALLARPUR
COSMOFILMS
UFLEX
JBFIND
Have A Nice Trading Day.