Calls for January 20, 2010

BANKINDIA-Buy Signal, Support - S1 - 383.57, Resistance - R1 - 394.87, Exp Rng 381.23 - 392.53
DRREDDY-Sell Signal, Support - S1 - 1161.02, Resistance - R1 - 1216.47, Exp Rng 1151.28 - 1206.73
ESSAROIL-Buy Signal, Support - S1 - 149.43, Resistance - R1 - 155.43, Exp Rng 148.33 - 154.33
GAIL-Buy Signal, Support - S1 - 417.83, Resistance - R1 - 439.63, Exp Rng 413.73 - 435.53
IDFC-Buy Signal, Support - S1 - 158.75, Resistance - R1 - 162.5, Exp Rng 159.63 - 163.38
IVRCLINFRA-Sell Signal, Support - S1 - 364.7, Resistance - R1 - 386.2, Exp Rng 360.78 - 382.28
JPPOWER-Buy Signal, Support - S1 - 78, Resistance - R1 - 82.55, Exp Rng 77.13 - 81.68
MOSERBAER-Sell Signal, Support - S1 - 87.03, Resistance - R1 - 90.63, Exp Rng 86.35 - 89.95
PRAJIND-Sell Signal, Support - S1 - 104.17, Resistance - R1 - 108.07, Exp Rng 103.43 - 107.33
SATYAMCOMP-Sell Signal, Support - S1 - 107.77, Resistance - R1 - 115.17, Exp Rng 106.48 - 113.88
UNITECH-Sell Signal, Support - S1 - 84.3, Resistance - R1 - 87.3, Exp Rng 83.75 - 86.75

NIFTY Support at S1 - 5200.27 & S2 - 5174.88 and Resistance at R1 - 5269.42 & R2 - 5313.18. Expected range for next trading day is 5187.58 - 5256.72

Previous day's calls

DENABANK (Buy) - Down-1.27%, High-88.25, Low-85.15 (Predicted High-88, Low-85.15)
HDFCBANK (Buy) - Up-0.59%, High-1788.8, Low-1752.9
HEROHONDA (Buy) - Down-2.04%, High-1700.8, Low-1656.1
ICICIBANK (Buy) - Up-0.19%, High-876, Low-859
KOTAKBANK (Buy) - Up-0.76%, High-876, Low-855.8
ITC (Sell) - Down-0.38%, High-251.4, Low-248.3 (Predicted High-252.43, Low-248.13)
ARVIND (Sell) - Up-0.25%, High-41.9, Low-39.9 (Predicted Low-39.45)
BAJAJHIND (Sell) - Down-5.77%, High-226.35, Low-209.1 (Predicted High-227.38)
CAIRN (Sell) - Down-0.92%, High-295, Low-290.1 (Predicted High-294.93)
DIVISLAB (Sell) - Down-1.84%, High-684.8, Low-666.6 (Predicted High-685.90, Low-667.40)

7 Out of 10 Succeeds

Nifty failed to maintain momentum & ended in red. Currently reversal from Negative territory is 0.21% above its existing levels. Since the point of reversal is very thin once can expect Nifty to again step into Buy zone.

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