Calls for February 17, 2010

CENTURYTEX-Buy Signal, Support - S1 - 481.33, Resistance - R1 - 505.08, Exp Rng 485.63 - 509.38
GAIL-Sell Signal, Support - S1 - 405.7, Resistance - R1 - 413.1, Exp Rng 407.2 - 414.6
GTL-Sell Signal, Support - S1 - 406.28, Resistance - R1 - 409.13, Exp Rng 406.95 - 409.8
HINDALCO-Buy Signal, Support - S1 - 141.1, Resistance - R1 - 148.1, Exp Rng 142.45 - 149.45
JSL-Sell Signal, Support - S1 - 102.1, Resistance - R1 - 104.4, Exp Rng 101.55 - 103.85
NAGARFERT-Sell Signal, Support - S1 - 33.93, Resistance - R1 - 34.98, Exp Rng 34.13 - 35.18
NATIONALUM-Buy Signal, Support - S1 - 367.1, Resistance - R1 - 389.1, Exp Rng 371.33 - 393.33
PETRONET-Sell Signal, Support - S1 - 72.07, Resistance - R1 - 74.97, Exp Rng 72.6 - 75.5
PUNJLLOYD-Buy Signal, Support - S1 - 175.73, Resistance - R1 - 187.23, Exp Rng 177.88 - 189.38
RANBAXY-Buy Signal, Support - S1 - 418.9, Resistance - R1 - 454.5, Exp Rng 425.9 - 461.5

Previous day's calls

BHARTIARTL (Sell) - Down-4.15%, High-289.5, Low-269.35 (Predicted Low-268.70)
ESSAROIL (Sell) - Up-1.2%, High-139.9, Low-136.7 (Predicted High-139.63)
HINDPETRO (Sell) - Up-2.05%, High-345.6, Low-337.5
IDFC (Buy) - Up-0.54%, High-150.9, Low-147.35 (Predicted High-150.1)
IOC (Sell) - Up-1.27%, High-310, Low-305.2 (Predicted High-309.70)
ITC (Buy) - Up-0.48%, High-251.5, Low-248.1 (Predicted High-252.13)
JSWSTEEL (Buy) - Up-1.11%, High-1025.7, Low-1005.1
POLARIS (Buy) - Down-0.75%, High-168.5, Low-163.35 (Predicted Low-163.60)
RCOM (Sell) - Up-2.18%, High-168.8, Low-162.8 (Predicted High-168.60)
STER (Sell) - Up-3.2%, High-769.4, Low-747

4 Out of 10 Succeeds

NIFTY took sharp jump post noon & landed in positive territory. Currently reversal from Positive territory is 0.56% below its existing levels. Considering previous Zig-Zag pattern one should enter long only if Nifty trades above 4830


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