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In a very volatile trading session that we had today in the Indian share markets, the sensex managed to close 26 points up and nifty closed flat. The Asian markets like Nikkei-225 gained some points today. The US markets are closed today, so the Asian markets will decide how the Indian markets open tomorrow. Ranbaxy whose chairman and CEO Malvinder Singh stepped down yesterday was making news in the markets today.
Ranbaxy unexpectedly gained about 20% instead of a steep fall. COO Atul Sobti has been made the CEO for a 3 year period starting now. The other news making rounds today is the deal with between Airtel and MTN from South Africa. The same deal failed few months back when Reliance Communication was also vouching for MTN when talks failed between Airtel and MTN at that time. We need to see if the deal will finally take shape.
Here are some IntraDay Calls For May 26th 2009
Buy Above 49 Target 51, 52 Stop Loss :47
Sell Below 46 Target 45, 44 Stop Loss: 48
Buy Above 271 Target 280, 296 Stop Loss : 264
Sell Below 256 Target 248, 244 Stop Loss: 261
Buy Above 162 Target 165, 169 Stop Loss : 158
Sell Below 156 Target 154, 153 Stop Loss 159
Buy Above 339 Target 346, 352 Stop Loss :334
Sell Below 328 Target 324, 322 Stop Loss 332
Trade with strict stop loss values in the IntraDay Calls.
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