Calls for January 13, 2010

DENABANK-Sell Signal, Support - S1 - 83.08, Resistance - R1 - 87.03, Exp Rng 82.33 - 86.28
GLAXO-Sell Signal, Support - S1 - 1562.9, Resistance - R1 - 1619.9, Exp Rng 1552.43 - 1609.43
HCLTECH-Buy Signal, Support - S1 - 357.3, Resistance - R1 - 376.1, Exp Rng 361.43 - 380.23
IDEA-Sell Signal, Support - S1 - 57.47, Resistance - R1 - 60.97, Exp Rng 56.85 - 60.35
IFCI-Sell Signal, Support - S1 - 53, Resistance - R1 - 56, Exp Rng 52.45 - 55.45
INFOSYSTCH-Buy Signal, Support - S1 - 2526.63, Resistance - R1 - 2620.63, Exp Rng 2543.48 - 2637.48
SAIL-Sell Signal, Support - S1 - 230, Resistance - R1 - 240.3, Exp Rng 227.98 - 238.28
SBIN-Sell Signal, Support - S1 - 2176.27, Resistance - R1 - 2250.07, Exp Rng 2162.8 - 2236.6
TCS-Buy Signal, Support - S1 - 733.37, Resistance - R1 - 760.37, Exp Rng 738.53 - 765.53
WIPRO-Buy Signal, Support - S1 - 675.93, Resistance - R1 - 707.73, Exp Rng 682.9 - 714.7

NIFTY Support at S1 - 5174.07 & S2 - 5137.73 and Resistance at R1 - 5273.62 & R2 - 5336.83. Expected range for next trading day is 5155.9 - 5255.45

Previous day's calls

BAJAJHLDNG (Buy) - Down-1.51%, High-642.95, Low-615 (Predicted Low-615.60)
BHARTIARTL (Buy) - Down-1.96%, High-333.9, Low-320.4
BHEL (Sell) - Down-1.89%, High-2408.8, Low-2350
HINDPETRO (Sell) - Down-1.95%, High-394.7, Low-381.35 (Predicted Low-381.35 Exact the same)
NDTV (Sell) - Down-0.55%, High-148.6, Low-143.25
RELIANCE (Sell) - Down-0.22%, High-1137.3, Low-1077
SAIL (Buy) - Down-2.99%, High-242.5, Low-232.2
ZEEL (Buy) - Up-0.91%, High-274.3, Low-262.4 (Predicted Low-262.63)


5 Out of 8 Succeeds

NIFTY
Today Nifty breached 5220 level & technically entered into sell zone. Currently reversal from Negative territory is 0.11% above its existing levels. This can be a technical whipsaw so one should enter short below 5200 levels

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