Thursday, January 21, 2010

Today Hot Picks

Market Outlook

Yesterday Nifty opened positive but could not sustain at higher levels and witnessed
selling pressure till 5200 levels then finally closed marginal negative at 5220 levels. In
view of sustain selling pressure at higher levels and weak global markets, today our
market may open flat to negative then witness selling pressure at higher levels. If
Nifty sustains below 5170 levels and falls below important support of 5150 levels then
only selling pressure may get intense in the market and we may test 5080-5050 level
in coming days. On upside if it moves above 5250 levels then buying interest may
emerge in the market.

BHARTIARTL
Execution Price Range Stop Loss Target
Buy Between Rs 323 to 330 320 340

ABAN OFFSHORE
Execution Price Range Stop Loss Target
Sell Between Rs 1440 to 1460 1470 1410

PUNJLLOYD
Execution Price Range Stop Loss Target
Sell Between Rs 206 to 212 214 199


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Intraday Trading Calls dt 21-01-10






Long Calls on 21-Jan-10


     
NSE Equity code Buy above Target (1) Target (2) Stop Loss Target1 Percent
BRFL 215.00 222.35 227.15 210.20 3.42


Short Calls on 21-Jan-10


     
NSE Equity code Sale below Target (1) Target (2) Stop Loss Target1 Percent
BALRAMCHIN 128.40 126.80 124.15 129.40 -1.25


Nifty Target and Stop lossNo Direction
Stop Loss 1Stop loss 2PivotTarget 1Target 2
5171.305196.505226.605251.805281.90
Note: - 1.If Bullish take only Long Position don't short.

 2.If Bearish take only Short Position don't long.



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