Calls for January 19, 2010

DENABANK-Buy Signal, Support - S1 - 84.58, Resistance - R1 - 87.43, Exp Rng 85.15 - 88
HDFCBANK-Buy Signal, Support - S1 - 1706.5, Resistance - R1 - 1802.4, Exp Rng 1724.38 - 1820.28
HEROHONDA-Buy Signal, Support - S1 - 1631.4, Resistance - R1 - 1727.4, Exp Rng 1647.8 - 1743.8
ICICIBANK-Buy Signal, Support - S1 - 839.5, Resistance - R1 - 878, Exp Rng 846.83 - 885.33
KOTAKBANK-Buy Signal, Support - S1 - 821.85, Resistance - R1 - 870.2, Exp Rng 831.03 - 879.38
ITC-Sell Signal, Support - S1 - 248.93, Resistance - R1 - 253.23, Exp Rng 248.13 - 252.43
ARVIND-Sell Signal, Support - S1 - 39.67, Resistance - R1 - 40.87, Exp Rng 39.45 - 40.65
BAJAJHIND-Sell Signal, Support - S1 - 221.9, Resistance - R1 - 228.7, Exp Rng 220.58 - 227.38
CAIRN-Sell Signal, Support - S1 - 289.37, Resistance - R1 - 296.72, Exp Rng 287.58 - 294.93
DIVISLAB-Sell Signal, Support - S1 - 671.53, Resistance - R1 - 690.03, Exp Rng 667.4 - 685.9

NIFTY Support at S1 - 5238.37 & S2 - 5201.88 and Resistance at R1 - 5301.92 & R2 - 5328.98. Expected range for next trading day is 5251.9 - 5315.45


Nifty Stepped in Buy Zone, three days ago. Currently reversal from Positive territory is 0.67% below its existing levels. I expect Nifty to remain in tight range.


-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-