Calls for January 14, 2010

AMBUJACEM-Buy Signal, Support - S1 - 104.05, Resistance - R1 - 110.8, Exp Rng 105.35 - 112.1
CAIRN-Sell Signal, Support - S1 - 290.22, Resistance - R1 - 296.02, Exp Rng 288.75 - 294.55
CENTURYTEX-Buy Signal, Support - S1 - 541.58, Resistance - R1 - 569.68, Exp Rng 546.9 - 575
EDUCOMP-Sell Signal, Support - S1 - 736.47, Resistance - R1 - 761.97, Exp Rng 731.03 - 756.53
GTL-Buy Signal, Support - S1 - 384.83, Resistance - R1 - 419.53, Exp Rng 392.8 - 427.5
INDIACEM-Buy Signal, Support - S1 - 123.57, Resistance - R1 - 130.17, Exp Rng 124.8 - 131.4
INDIAINFO-Sell Signal, Support - S1 - 131.75, Resistance - R1 - 138.35, Exp Rng 130.2 - 136.8
MCDOWELL-N-Sell Signal, Support - S1 - 1305.6, Resistance - R1 - 1355.25, Exp Rng 1295.63 - 1345.28
PNB-Sell Signal, Support - S1 - 907.23, Resistance - R1 - 931.13, Exp Rng 900.98 - 924.88
POLARIS-Buy Signal, Support - S1 - 182.73, Resistance - R1 - 191.83, Exp Rng 184.43 - 193.53
TATASTEEL-Buy Signal, Support - S1 - 622.23, Resistance - R1 - 649.03, Exp Rng 627.13 - 653.93

NIFTY
NIFTY Support at S1 - 5189.27 & S2 - 5144.58 and Resistance at R1 - 5258.92 & R2 - 5283.88. Expected range for next trading day is 5201.75 - 5271.4

Previous day's calls

DENABANK (Sell) - Down-1.3%, High-83.9, Low-80
GLAXO (Sell) - Down-1%, High-1605.9, Low-1566
HCLTECH (Buy) - Up-2.9%, High-379, Low-360.1 (Predicted Low-361.43)
IDEA (Sell) - Up-0.85%, High-59.5, Low-57.55 (Predicted Low-56.85)
IFCI (Sell) - Up-1.48%, High-55, Low-52.1 (Predicted High-55.45, Low-52.45)
INFOSYSTCH (Buy) - Up-3.56%, High-2695, Low-2476.85
SAIL (Sell) - Up-3.61%, High-242.8, Low-231
SBIN (Sell) - Down-1.33%, High-2195, Low-2158.1
TCS (Buy) - Up-5.17%, High-796.4, Low-744.65
WIPRO (Buy) - Up-3.5%, High-720, Low-688.45

7 Out of 10 Succeeds

As expected Nifty saw weakness today but recovered at the end because of short covering. Currently reversal from Positive territory is 0.28% below its existing levels. Nifty is once again at its crucial point of 5220 breaching the same will drag Nifty to sell zone

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