White Board for the Day!

January 14, 2010

Pivot Pivot Pivot Pivot
Time Index CLOSE View for the Day
Support 1 Support 2 Resistance 1 Resistance 2
Daily Sensex 17,510 17,348 17,186 17,600 17,690
POSITIVE
Daily Nifty 5,234 5,189 5,145 5,259 5,284

Day's House Calls

Equity - Short-term Technical Call

Stop Loss
Date Scrip Execution Price Range Target (Rs.)
(Rs.)
14-Jan-10 IOC Buy between Rs 322 to Rs 325 Rs.319 Rs.333
14-Jan-10 ASHOKLEYLAND Buy between Rs 53 to Rs 56 Rs.52 Rs.60
14-Jan-10 ROLTA Buy between Rs 200 to Rs 204 Rs.198 Rs.210

Derivatives - Short-term Call

Date Stock-strategy Action / Price Action / Price Action / Price SL Target

14-Jan-10

NOTE:-
In case of call writing if the major resistance levels is breaches than we should either square off the positions or take suitable action to hedge the position.
In strong Bull moves, one can write or sell Puts to genarate attractive returns.
In strong Bear moves, one can write or sell Calls to genarate attractive returns.
Care should be taken to take remedial action if market moves contrary to view taken.

Fundamental - Long Term Idea (Avoid buying these stocks for short term and for long term investment also, buy on declines only )
Segment Stocks

Large Cap Century Textiles, Divislab,ITC,JPAssociates,M&M, Reliance Infra,Tata Motors,Tata Tea & VideoconInd.

Mid Cap Alok Ind., Bilcare,Biocon, BOC, Cosmo Films,Glenmark,JBFInd, Mundra Port, Supreme Ind & Unityinfra.

Small Cap Ador Fontech, Bartronics, Clutch Auto , SupremePetro & Tata Elxsi.

Note : In case there is any change in our calls a subsequent fresh mail will follow.