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Posted by Shyam as IntraDay Calls
It was a good trading session yesterday when the Indian markets along with the Asian markets made a come back rally after a while. Sensex opened a huge gap up as predicted in the blog and closed 330 points up at 9004 levels with a gain of 3.8% and Nifty closed 93 points up at 2,771 levels. Now 2800 will be a crucial resistance level for the nifty.
The US markets managed to close in green after Dow closed 0.7% and Nasdaq closed 1.04% up. The Asian markets are looking directionless at the current moment with Nikkeei-225 down by 0.37% and Strait times up by almost 3%. Again 9000 was a major support level for the sensex. We need to see how the motion of it will be in coming days.
The intra day calls given here did extremely well yesterday with Satyam managed to touch 54 levels in the opening trade. The RBI came with some of the changes yesterday when it kept the major interest rates constant.
Now some intra day calls for today :
buy Akruti city above 860, stop loss : 840, Target: 900, 920
but Relaince infra above 540, Stop loss: 534, Target : 560,570
buy Cipla above 192, Stop Loss: 187, Target: 195,196
buy Sterlite above 270, Stop Loss: 265, Target: 278,284
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