Calls for March 23, 2010

DLF-Sell Signal, Support - S1 - 298.03, Resistance - R1 - 306.88, Exp Rng 296.33 - 305.18
GTL-Buy Signal, Support - S1 - 406.03, Resistance - R1 - 410.33, Exp Rng 406.88 - 411.18
HDFC-Sell Signal, Support - S1 - 2588.92, Resistance - R1 - 2672.87, Exp Rng 2570.95 - 2654.9
HINDALCO-Buy Signal, Support - S1 - 166.95, Resistance - R1 - 173.2, Exp Rng 165.8 - 172.05
INDIAINFO-Sell Signal, Support - S1 - 115, Resistance - R1 - 119.1, Exp Rng 114.2 - 118.3
IVRCLINFRA-Sell Signal, Support - S1 - 161.4, Resistance - R1 - 166.95, Exp Rng 160.35 - 165.9
PUNJLLOYD-Buy Signal, Support - S1 - 172.12, Resistance - R1 - 179.72, Exp Rng 173.65 - 181.25

NIFTY Support at S1 - 5174.52 & S2 - 5143.83 and Resistance at R1 - 5248.42 & R2 - 5291.63. Expected range for next trading day is 5159.175 - 5233.075

Previous day's calls

BHARATFORG (Sell) - Down-3.95%, High-262, Low-250.6
CANBK (Sell) - Down-2.19%, High-407.8, Low-396.2
JSL (Buy) - Down-0.42%, High-106.9, Low-103 (Projected High-107.65)
MTNL (Buy) - Down-2.59%, High-75.85, Low-73.15
NTPC (Sell) - Down-0.49%, High-203, Low-200.6 (Projected High-203.15, Low-200.80)
PANTALOONR (Sell) - Up-1.06%, High-388.9, Low-375.05 (Projected Low-375.03)
RNRL (Buy) - Down-2.82%, High-63.2, Low-61.85
SATYAMCOMP (Sell) - NO CHANGE, High-99, Low-95.5 (Projected Low-95.50)
SUZLON (Buy) - Down-3.62%, High-75, Low-72.85

3 Out of 9 Succeeds (1 No Change)

NIFTY eroded most gains in volatile session. Currently reversal from Positive territory is 0.56% below its existing levels.


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