Markets For 27/1/2009

Results Today :

SAIL / RECL / GLENMARK PHARMA / GAMMON INFRA / GODREJ INDS / ABG SHIPYARD / NAGA CONST / EIL / SUN TV / CORP BANK / INDIA CEM / EDUCOMP / CENTURY TEXTILE

NIFTY (2678.55)

Support : 2635 / 2595 / 2535 / 2505

Resistance : 2720 / 2745 / 2810 / 2840

SENSEX (8674.35)

Support : 8580 / 8455-90 / 8190

Resistance : 8815-40 / 8950 / 9255

NIFTY FUTURE (2655.3)

Support : 2620 / 2590

Resistance : 2700 / 2745

MKT COMMENTS

NIFTY FUT OI (both series) up with decreasing volumes indicating rollover of short positions to next series.

We expect possibility of pull back from lower levels. Avoid going short at lower levels.

Positional Risky Traders:

JAN NIFTY FUT : Buy @ 2620,Sl 2570,Tgt 2770/2875.Hold Till 29/09

JAN NIFTY 2800 CALL : Buy TARGET 190/95,Hold Till 29/01/2009

On Tuesday,Opening is Flat to Down,

Stay Short Below 2690,Sl Above 2710,Tgt 2675-2645-2595-2570,

Sustain Above 2710,Buy with Sl Below 2690,Tgt 2745-2760-2800

Buy BOMBAYDYIENG Above 145/147

Buy TATAMOTORS,Tgt 140-145-150,Sl 125

TATAPOWER (709) Buy with Sloss Below 690,Tgt 720/25.

Buy CIPLA Above 185,Tgt 195-205-220,Sl 180

Buy ASIANPAINT Above 920,Tgt 940-965-975,Sl 915

Buy PUNJLOYD Above 93,Tgt 96/98/100,SL 90

Buy HCL TECH Above 105,Tgt 110-115-120,SL 100

BUY BPCL@360/65,Tgt 400+,Sl 350,[TIME FRAME 3-7 DAYS]

Sell CENTURY TEXT Below 160/57,Tgt 155/145,Sl 165

Sell BAJAJAUTO Below 455,Tgt 445-435-405,Sl 460

Sell BOB Below 230,Tgt 225-215-20,Sl 240

Sell BIOCON Below 110,Tgt 105-100-95,Sl 115

Sell GRASIM Below 1135,Tgt 1095-1055-1040,Sl 1150

BANK INDIA

Buy Abv 233,Sl 229,Tgt 242

Sell Blw 229,Sl 233,Tgt 220

RELIANCE

Buy Above 1165,Sl 1155,Tgt 1180-1200

Sell Below 1145,Sl 1155,Tgt 1130-1115

HIND PETRO

Buy Above 276,Sl 273,Tgt 280-285

Sell Below 270,Sl 273,Tgt 265-260

JAN FUTURES

POWERGRID : 84.45

Buy POWERGRID Jan Future @ 84/85,Sl 80,Tgt 86.8/87.5/89.9/90.7(Lot Size 1925)

LNT ( 640.85) :

Sell @ 655,Sl 670,Tgt 635/25/15

Or

Buy @ 605/15,Sl 600,Tgt 630/40

SBI (1042) : Sell @ 1070/60,Sl 1085,Tgt 1040/25/15 / Position Short Hold with Sl 1095

TISCO : (166.35) : Sell @ 175/173,Sl 180,Tgt 165/60/55

Sell DIVIS LABS @ 925/23,Sl 940,Tgt 920/915/910/ 900/890/ 880/875/860/855 (Lot Size 155)

CRUDE

Buy Above : 48.5 / 50.56 / 52.7 / 54.75

Sell Below : 45.92 / 44.4 / 43.7 / 43.3 / 40.13 / 38 / 30.2 / Below OverSold Level

GOLD ; Buy GOLD Above 892.50$,Tgt 903.8$/915.7$,Sl 883$

Buy Above: 903.8 / 908.6 / 915.7 / 928 / 933.1 / Above OverBought Level.
Sell Below : 883.3 / 873.1 / 864.7 / 852.7 /851 / 841.4

SATYAM STRATAGY : BUY SATYAM ABOVE 41 SL 31 TGT 46,51,59. IF CROSS 59 THAN IT ZOOM TO KISS 97 TO 106 ZONE. L&T MAY INCREASE THEIR STAKE 4%+