Calls for January 12, 2010

BAJAJHLDNG-Buy Signal, Support - S1 - 620.13, Resistance - R1 - 637.13, Exp Rng 615.6 - 632.6
BHARTIARTL-Buy Signal, Support - S1 - 325.97, Resistance - R1 - 331.47, Exp Rng 324.48 - 329.98
BHEL-Sell Signal, Support - S1 - 2373.23, Resistance - R1 - 2433.83, Exp Rng 2361.38 - 2421.98
HINDPETRO-Sell Signal, Support - S1 - 384.27, Resistance - R1 - 398.97, Exp Rng 381.35 - 396.05
NDTV-Sell Signal, Support - S1 - 142.3, Resistance - R1 - 147.1, Exp Rng 141.28 - 146.08
RELIANCE-Sell Signal, Support - S1 - 1037.77, Resistance - R1 - 1137.47, Exp Rng 1015.9 - 1115.6
SAIL-Buy Signal, Support - S1 - 239.1, Resistance - R1 - 245, Exp Rng 240.55 - 246.45
ZEEL-Buy Signal, Support - S1 - 260.27, Resistance - R1 - 272.82, Exp Rng 262.63 - 275.18

NIFTY
NIFTY Support at S1 - 5222.4 & S2 - 5195.4 and Resistance at R1 - 5281.8 & R2 - 5314.2. Expected range for next trading day is 5208.9 - 5268.3


Today Nifty nose dived from its peak but managed to end positive.
Currently reversal from positive territory is 0.6% below its existing levels.
Technically Nifty can go in sell zone if breached 5220 levels

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