Calls for February 04, 2010

HEROHONDA-Sell Signal, Support - S1 - 1570.55, Resistance - R1 - 1630.3, Exp Rng 1585.9 - 1645.65
INDIACEM-Buy Signal, Support - S1 - 115.37, Resistance - R1 - 120.27, Exp Rng 116.25 - 121.15
JSWSTEEL-Buy Signal, Support - S1 - 1006.6, Resistance - R1 - 1083.4, Exp Rng 1020.4 - 1097.2
MCDOWELL-N-Buy Signal, Support - S1 - 1263.52, Resistance - R1 - 1301.22, Exp Rng 1271.08 - 1308.78
PARSVNATH-Sell Signal, Support - S1 - 124.03, Resistance - R1 - 129.03, Exp Rng 123 - 128
PFC-Sell Signal, Support - S1 - 252.4, Resistance - R1 - 260.1, Exp Rng 254.28 - 261.98
POLARIS-Sell Signal, Support - S1 - 165.73, Resistance - R1 - 174.63, Exp Rng 167.53 - 176.43
RNRL-Buy Signal, Support - S1 - 65.28, Resistance - R1 - 70.58, Exp Rng 66.3 - 71.6

NIFTY Support at S1 - 4858.85 & S2 - 4785.85 and Resistance at R1 - 4977 & R2 - 5022.15. Expected range for next trading day is 4881.43 - 4999.58

Previous day's calls

BEL (Sell) - Up-1.43%, High-2068.15, Low-1950
DRREDDY (Buy) - Up-0.03%, High-1179.3, Low-1146.25
GAIL (Sell) - Up-1.84%, High-411.4, Low-402.15
ICICIBANK (Sell) - Up-2.81%, High-845, Low-823.25
IDFC (Sell) - Up-3.37%, High-152.4, Low-147.5
MPHASIS (Buy) - Up-4.76%, High-729.9, Low-692.7
PANTALOONR (Sell) - Up-1.39%, High-424.9, Low-412.5
ULTRACEMCO (Buy) - Up-1.38%, High-985, Low-950

3 Out of 8 Succeeds

NIFTY shown good show since 9th Nov 2009 & ended up by 2.11%. Nifty is very close to reversal. Currently reversal from Negative territory is 0.61% above its existing levels.

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