Intraday Trading Tips dt 09-03-10

Intraday Buy Tips for	9-Mar-10
NSE Equity code	Buy above	Target (1)	Target (2)	Stop Loss	Target1 Percent
KPIT	122.20	128.70	132.75	118.20	5.32
HERITGFOOD	207.90	218.60	224.70	201.80	5.15
LITL	51.30	53.35	54.65	50.00	4.00
AMBUJACEM	113.60	117.40	119.65	111.40	3.35
ALBK	144.60	149.20	151.95	141.90	3.18
DALMIACEM	222.90	229.95	234.55	218.30	3.16
FORTIS	172.60	175.20	176.60	171.20	1.51

Nifty Target and Stop loss			Bullish
Lower Tgt 2	Lower Tgt 1	Pivot	Upper Tgt 1	Upper Tgt 2
5066.13	5095.07	5121.08	5150.02	5176.03
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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Daily Trading Tips

Market Outlook

Yesterday after a gap up opening S&P CNX Nifty could not move above 5150 levels and witnessed selling pressure around those levels and moved in a narrow range for the entire day. In view of flat to positive global markets, today our market may open flat to positive and move in a range bound manner. If S&P CNX Nifty sustains above 5145 levels, then we may see further up move towards 5180 levels. Nifty has crucial resistance around 5180 levels, where it may witness some selling pressure so short term traders are advised to book profit around those levels. On downside Nifty has support around 5080 levels, if it falls below that level then selling pressure may get

intensify and Nifty may move down towards 5050-5000 levels.

TATAMOTORS

Execution Price Range                Stop Loss               Target

Sell Between Rs 795 to 810           820                       770

BHARATFORGE

Execution Price Range                  Stop Loss            Target

Buy Between Rs 271 to 275            268                         284

ABAN OFFSHORE

Execution Price Range                  Stop Loss               Target

Buy Between Rs 1295 to 1310            1283                     1345