Calls for February 23, 2010

BAJAJHLDNG-Buy Signal, Support - S1 - 552.57, Resistance - R1 - 592.57, Exp Rng 563.18 - 603.18
DENABANK-Buy Signal, Support - S1 - 77.27, Resistance - R1 - 80.47, Exp Rng 77.95 - 81.15
DIVISLAB-Sell Signal, Support - S1 - 576.05, Resistance - R1 - 599.8, Exp Rng 571.1 - 594.85
GESHIP-Sell Signal, Support - S1 - 264.38, Resistance - R1 - 275.83, Exp Rng 262.3 - 273.75
JPPOWER-Sell Signal, Support - S1 - 66.73, Resistance - R1 - 68.88, Exp Rng 66.3 - 68.45
NAGARFERT-Sell Signal, Support - S1 - 32.67, Resistance - R1 - 36.02, Exp Rng 32.08 - 35.43
PNB-Buy Signal, Support - S1 - 872.33, Resistance - R1 - 898.73, Exp Rng 866.75 - 893.15
SAIL-Buy Signal, Support - S1 - 207.78, Resistance - R1 - 212.38, Exp Rng 209.15 - 213.75
SATYAMCOMP-Sell Signal, Support - S1 - 94.53, Resistance - R1 - 101.28, Exp Rng 93.28 - 100.03

NIFTY Support at S1 - 4830.85 & S2 - 4805.3 and Resistance at R1 - 4897 & R2 - 4937.6. Expected range for next trading day is 4851.15 - 4917.3

Previous day's calls

CENTURYTEX (Sell) - Down-0.79%, High-483.5, Low-470.1
FINANTECH (Buy) - Down-0.45%, High-1527, Low-1490.5
GRASIM (Buy) - Down-1.75%, High-2760, Low-2620
GTL (Buy) - Down-0.23%, High-410.75, Low-406.15 (Predicted Low-405.10)
INDIAINFO (Sell) - Down-1.43%, High-115.4, Low-110.5
JPASSOCIAT (Sell) - Up-1.27%, High-135.4, Low-131
JSWSTEEL (Buy) - Up-0.4%, High-1136, Low-1022.3
MARUTI (Buy) - Up-0.82%, High-1403, Low-1378.3
PUNJLLOYD (Sell) - Up-1.56%, High-177.4, Low-174.4 (Predicted High-176.65)
STER (Sell) - Down-0.05%, High-770, Low-742

5 Out of 10 Succeeds

NIFTY opened high but pared most of the gains but ended positive. Currently reversal from Positive territory is 0.10% below its existing levels. One can go long in Nifty if it trades below 4860.

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