Equity Tips on January 8, 2010 (FRIDAY)

1. (9:10) : GAIL (JAN FUT) made a high of 431.Our First target of 430.50 completed. Call initiated yesterday at 419.
2. (9.27) : CAIRN made the high of 308.90. Our THIRD TARGET completed. Buy was initiated on Jan 6 at 298. PROFIT of 13,625 / lot.
3. (9:27) : Buy PUNJLLYOD (JAN FUT) in SMALL QUANTITY at CMP-212.25 with a STOPLOSS of 207.45.
4. POSITIONAL CALL UPDATE: NEYVELI LIGNITE, CMP-166.20,today up 2.70%.Buy initiated in the range of 145-150.
5. (10:34) : GAIL (JAN FUT) Second target completed at 435.30.Call initiated at 419.Profit on single lot Rs.18337.50/-.CMP-435.20
6. (10.57) : YES BANK made the low of 262.20, but now seems in positive trend. So please square off your position. Sell was given at 264.50
7. (11:09) : Sell WIPRO (JAN FUT) between 673.50-675,STOPLOSS 678, TGT's -665.20/ 661.05. RISKY PLAYER can sell at CMP-670.40
8. (11:27) : CALL UPDATE: FIRST TGT for PUNJLLYOD- 215.20.INTRADAY PLAYERS can book profit at above level and those who can hold can wait and trail stoploss to 209.60.
9. INFORMATION : We have bearish view in NIFTY for next week, there will be no upside movement till it breaches the level of 5294.
10. NEWS UPDATE : SHORT TERM Bearishness can be seen in whole IT sector. So SELL on every rise would be the correct strategy for very short term trading.
11. WEEKLY VIEW : BANK NIFTY is at important resistance level. It could show downtrend next week. Suppports are -9095 / 8990 / 8910.Resistance - 9215 / 9265.
12. CALL UPDATE : We recommended to buy RELIANCE CAPITAL (JAN FUT) on DIPS.Yesterday it again made a low of 881.50 & today it made a HIGH of 912.50. CMP - 909.50
13. If this time RNRL (CMP - 74.90) doesn't BREAK 73 level on a DOWNSIDE then we could see 78 to 80 levels today or on MONDAY only.
14. (1.14) : IDBI BANK have a fresh breakout above 134.60.So BUY only if it closes above 134.60 or remains above it for sometime. TGTs-135.60/138.SL-133.40.CMP-134.
    
15. CALL UPDATE : ALPS INDUSTRIES buy given on December 29, 2009 at 13.20.Today made a high of 15. Our target is 16.50/19.10 in days to come.So maintain buy position.
    
16. (1.32) : BUY RNRL. BEST BUY 74 - 75. TGTs are - 78.50 / 79.85 / 84 / 87.50. SL - 72.90. CMP - 74.75.
    
17. AXIS BANK is in bullish trend. It will be get a fresh breakout above 1020. So, BUY AXIS Bank if it closes above 1020 in coming days. TGTs will be 1038 / 1045 / 1052 / 1068. SL - 998
    
18. INFORMATION : We have bearish view in NIFTY for next week, there will be no upside movement till it breaches the level of 5294.
    
19. ALERT - It is advisable to SIT on CASH in MARKET and work with strict STOPLOSSES. Book PROFIT in CALLS given by us. LIMIT your positions. Hold WIPRO

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