SHORT TERM POSTIONAL-31 JULY

SHORT TERM POSTIONAL CALLS- 31 JULY

INFOSYSTCH- BUY 1580 SL 1560 TGT 1668(ONE WEEK)

SATYAM-BUY 378 SL 370 TGT 396 (ONE WEEK)

WIPRO BUY 415 SL 405 TGT 425/445(ONE WEEK)

RPL –BUY 163 SL 160 TGT 172/175(ONE WEEK)

RNRL-BUY 94 SL 90 TGT 104(ONE WEEK)

PUNJ LLYOD BUY 260 SL 250 TGT 290(ONE WEEK)

STERLITE BUY 610 SL 600 TGT 650(ONE WEEK)

TATASTEEL BUY 620 SL 600 TGT 660/680(ONE WEEK)

NEWSLETTER-DAYTRADING-CASH

Day trading recommendations for 31st JULY 2008

BHEL (1667.15) BUY ABOVE Rs: 1652.00 STOP LOSS Rs: 1645.00 TARGETS Rs: 1700.00 / 1733.00 DLF (489.65) BUY ABOVE Rs: 488.00 STOP LOSS Rs: 482.00 TARGETS Rs: 499.50 / 509.00 INFOSYS (1602.05) BUY ABOVE Rs: 1588.00 STOP LOSS Rs: 1580.00 TARGETS Rs: 1623.00 / 1644.00 SBIN (1387.95) BUY ABOVE Rs: 1370.00 STOP LOSS Rs: 1360.00 TARGETS Rs: 1415.00 / 1443.00 UNITECH (162.05) BUY ABOVE Rs: 160.00 STOP LOSS Rs: 155.00 TARGETS Rs: 167.00 / 171.50

TRADING LEVLES-31 JULY

SCRIPT NAME	PIVOT	BREAKOUT	BUY ABOVE	SELL BEL0W	BREAKDOWN
NIFTY FUTURE	4287.33	4303.88	4293.38	4268.73	4258.12
AXIS	660.83	669.62	664.97	654.07	649.38
CAIRN	230.47	232.49	230.93	227.28	225.71
RELCAP	1274.33	1288.12	1280.95	1264.12	1256.88
TATASTEEL	613.30	618.00	614.28	605.56	601.80

TRADING LEVELS-30 JULY

SCRIPT	PIVOT	BREAKOUT	BUY-ABOVE	SELL-BELOW	BREAKDOWN
NIFTY FUTURE	4260.33	4290.48	4279.47	4253.64	4242.52
AXIS	665.10	683.92	678.52	665.84	660.38
NATIONALUM	436.47	441.49	438.17	430.37	427.01
CAIRN	227.47	229.74	228.59	225.92	224.76
RELCAP	1268.33	1290.68	1283.71	1267.36	1260.32
LT	2630.00	2680.84	2663.47	2622.70	2605.16

Morning Update-29 July

LAST NIGHT WAS A SEA OF RED IN US MARKETS WITH DOW FALLING BY 239 POINTS. EUROPEAN MARKETS WHICH CLOSED MUCH EARLIER THAN US MARKETS ALSO CLOSED AROUND 1% DOWN WITH UK FTSE CLOSING . 75% DOWN. ASIAN MARKETS HAVE OPENED BADLY DOWN AND WILL HAVE A DIRECT IMPACT ON INDIAN MARKETS. EXPECT A GAP DOWN OPEN BELOW 4262 FOR NIFTY. WILL BULLS BE ABLE TO PROTECT 4217 ON NIFTY SPOT? THE RESULT WILL GIVE US THE TREND FOR NEXT MONTH.

NEWS LETTER 29 JULY

NIFTY FUTURE-SELL BELOW 4338 SL 4360 TGT 4285,4252,4219

AXIS BANK-SELL BELOW 713 SL 725 TGT 685

RENUKA- BUY ABOVE 121.50 SL 117 TGT 123, 131

LT- BUY ABOVE 2725 SL 2675 TGT 2753,2845

PRAJIND- BUY ABOVE 198 SL 193 TGT 210

NATIONALUM- SELL BELOW 425 SL 435 TGT 402

CENTURYTEX- BUY ABOVE 490 SL 480 TGT 515

TATASTEEL- SELL BELOW 616 SL 625 TGT 596

RPL- BUY ABOVE 161.50 SL 159 TGT 167

CAIRN- BUY ABOVE 226 SL 222 TGT 232

ROAD AHEAD-28 JULYTO 01 AUG

NEWS LETTER 28 JULY

(All prices are for futures)

NIFTY FUTURE- REMAIN SHORT BELOW 4397 SL 4451 TGT 4315,4228,4257

BANKNIFTY- SELL BELOW 6107 SL 6245 TGT 5753

AXISBANK- SELL BELOW 742 SL 765 TGT 689,655

HDFCBANK- SELL BELOW 1174 SL 1206 TGT 1093,1041

IVRCLINFRA- BUY ABOVE 331 SL 322 TGT 336,352

PRAJIND-BUY ABOVE 197 SL 192 TGT 200,208

VOLTAS- SELL BELOW 127 SL 130 TGT 120,116

NATIONALUM-BUY ABOVE 425 SL 410 TGT 433, 461

TATASTEEL-SELL BELOW 632 SL 650 TGT 591,564

RPL- SELL BELOW 164 SL 168 TGT 154,148

LT -SELL BELOW 2684 SL 2735 TGT 2554

NEWS LETTER 25 JULY

NIFTY FUTURE- SELL BELOW 4449 SL 4485 TGT 4402,4368,4313

FUTURE RATES

CAIRN- BUY ABOVE 226 SL 221 TGT 228,235

AXIS BANK- SELL BELOW 763 SL 779 TGT 729

TATASTEEL SELL BELOW 639 SL 652 TGT 603

L&T –SELL BELOW 2715 SL 2760 TGT 2617

UNITECH- SELL BELOW 167 SL 172 TGT 160

PRAJIND- SELL BELOW 194 SL 199 TGT 185

RPL- SELL BELOW 168 SL 171 TGT 161

NIFTY FUTURE-24 JULY

Nifty future Trades above 4570 go long for targets of 4593,4629,4695. If it trades below 4570 go short for targets of 4524,4486,4456,4422,4416,4362

ROAD AHEAD -CONT

Positive sentiments will take Nifty to 4448/4485. It is here we have to be cautious and I will watch 4360 very closely. If Nifty can sustain 4360 and close above for two or three days then we will see 4465,4569,4699.
Break and close below 4360 will take Nifty to 3817 levels again.

CALLS FOR 23 JULY

NIFTY FUTURE: BUY ABOVE 4195 SL 4145 TGT 4226, 4288,4323,4368

RANBAXY(FUT):BUY ABOVE 460 SL 445 TGT 468,496

AXISBANK(FUT):BUY ABOVE 718 SL 700 TGT 727,761,789

RELCAP(FUT):BUY ABOVE 1150 SL 1114 TGT 1170,1237,1293

TATASTEEL(FUT):BUY ABOVE 619 SL 606 TGT 625,648,667

LT(CASH): BUY ABOVE 2548 SL 2505 TGT 2573,2655

UNITECH(FUT):BUY ABOVE 153 SL 148 TGT 155,162,168

RPL(CASH): BUY ABOVE 158 SL 153 TGT 164,168

CASH DAY TRADING-22 JULY

CASH Day trading Pivot chart -22/07/08

Scrip name	High	Low	Close	S2	S1	TD	R1	R2
BHEL	1565.65	1477.20	1506.30	1428.00	1467.00	1516.00	1555.00	1605.00
CAIRN	223.00	212.20	216.00	206.00	211.00	217.00	222.00	228.00
DLF	467.00	442.10	463.95	433.00	448.00	458.00	473.00	482.50
GMRINFRA	86.55	80.60	82.90	77.50	80.00	83.50	86.00	89.00
HINDALCO	143.95	139.25	142.65	137.00	140.00	142.00	145.00	146.70
ITC	185.45	173.00	179.20	167.00	173.00	179.00	185.50	192.00
IVRCL	323.70	305.05	316.05	296.00	306.00	315.00	325.00	333.50
JPASSOCIATE	168.60	153.15	166.55	147.00	157.00	163.00	172.50	178.00
MARUTI	660.00	615.00	647.15	596.00	621.50	641.00	666.50	686.00
NTPC	183.15	172.25	181.50	168.00	175.00	179.00	186.00	190.00
PRAJIND	191.45	170.65	188.30	163.00	175.50	183.50	196.00	204.00
RELIANCE	2164.25	2093.05	2152.85	2065.00	2109.00	2137.00	2180.00	2208.00
RNRL	70.85	67.10	68.95	65.00	67.00	69.00	71.00	72.50
RPOWER	134.65	129.65	132.20	127.00	130.00	132.00	135.00	137.00
SBIN	1365.00	1291.10	1352.55	1262.00	1307.00	1336.00	1381.00	1410.00
UNITECH	154.45	145.00	152.65	141.00	147.00	151.00	156.50	160.00
ZEE	197.00	187.10	193.65	183.00	188.00	192.50	198.00	202.50

* TD- Trend decider

* S1, S2- Support levels - Try to buy at support level.

* R1, R2-Resistance levels - Try to sell at resistance level

* Open = High = Bearish - Try to Sell or Avoid buy

* Open = Low = Bullish - Try to Buy or Avoid Sell

* Bullish - If a scrip open above the trend decider

* Bearish - If a scrip open below trend decider

* If target achieved in morning please don’t buy in return journey.

* Please enter only at specified price otherwise avoid trading.