Calls for February 03, 2010

BEL-Sell Signal, Support - S1 - 1896.37, Resistance - R1 - 2006.17, Exp Rng 1876.08 - 1985.88
DRREDDY-Buy Signal, Support - S1 - 1131.07, Resistance - R1 - 1196.07, Exp Rng 1146.3 - 1211.3
GAIL-Sell Signal, Support - S1 - 389.77, Resistance - R1 - 412.37, Exp Rng 385.45 - 408.05
ICICIBANK-Sell Signal, Support - S1 - 809.05, Resistance - R1 - 835.7, Exp Rng 804.08 - 830.73
IDFC-Sell Signal, Support - S1 - 143.9, Resistance - R1 - 152.6, Exp Rng 142.33 - 151.03
MPHASIS-Buy Signal, Support - S1 - 660.83, Resistance - R1 - 712.23, Exp Rng 672.35 - 723.75
PANTALOONR-Sell Signal, Support - S1 - 399.2, Resistance - R1 - 432.1, Exp Rng 392.68 - 425.58
ULTRACEMCO-Buy Signal, Support - S1 - 939.03, Resistance - R1 - 978.43, Exp Rng 947.88 - 987.28

NIFTY Support at S1 - 4779.08 & S2 - 4728.07 and Resistance at R1 - 4916.13 & R2 - 5002.17. Expected range for next trading day is 4753.58 - 4890.62

Previous day's calls

BEL (Buy) - Down-3.26%, High-2034.8, Low-1925
BPCL (Buy) - Down-1.95%, High-592.4, Low-553.8
GAIL (Buy) - Down-2.63%, High-417.7, Low-395.1
IDEA (Buy) - Down-3.03%, High-61.7, Low-59.1 (Predicted Low-59.50)
IDFC (Sell) - Down-4.15%, High-155, Low-146.3 (Predicted High-155.85)
IFCI (Sell) - Up-0.68%, High-54.1, Low-51.4
IOC (Buy) - Up-1.08%, High-325, Low-310.15
JETAIRWAYS (Sell) - Down-4.87%, High-524.5, Low-481

NIFTY-HIgh-4951.15, Low-4814.10 (Predicted High-4955.08)

3 Out of 8 Succeeds

NIFTY drowned after opening higher & wiped out all three days gains. Currently reversal from Negative territory is 2.86% above its existing levels.

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