TIPS FOR 08.01.2010 FRIDAY

GOOD MORNING & have a nice DAY WISH U ALL A Happy & profitable trading!
INTRADAY CALLS FOR FRIDAY 08.01.2010
Buy Fedders Lloyd’s Corporation ltd 85.80, TGT 88 SL 84.Buy House of Pearl Fashions ltd 89.30, TGT 92. SL 87.80
INVESTMENT CALL & DELIVERY CALLS
NO CALLS ------------
Market view today FRIDAY 08.01.2010
Support Levels:5253 - 5242 - 5231 - 5205 - 5167 ~ 5160Resistance Levels5268 - 5274 - 5279 - 5295 - 5311 – 5321
Nifty (5263) we seen the market is in a stretched mode and so profit booking is not ruled out’ we were expecting profit booking and we got that too, the market still looks down and a level of 5200 –5180 is not ruled out…
The crucial support on the downside for the Nifty is 5200-5180 and resistance at 5300
BSE Sensex: (17616) the crucial support on the Sensex on the downside is 17500 and resistance at 17887
WORLD MARKETS UPDATE 08.01.2010
Asian MarketsAsian shares trading flat on Friday.Nikkei Stock Average 225 up 71.58 points at 10,753.24 .Hang Seng Index up 40.57 points at 22,310.02.KOSPI Index down 0.35 pct at 1,677.62.Shanghai Composite Index down 0.85 pct at 3,165.58.US Markets US Markets ended flat on Thursday.Dow Jones industrial average up 33 points,up 0.31 percent, to 10,607. The Standard & Poor's 500 index ended up 0.40 percent up 5 points to 1,142. The tech-heavy Nasdaq composite index down 0.05 to 2,300.
European Stocks Ended FlatEuropean Markets ended flat on Thursday.Britain's FTSE 100 index ended down 0.06 percent down 3 points to 5,527 ,Germany's DAX ended down 0.25 percent down 15 points to 6,019,France's CAC 40 ended up 0.18 percent at 4,025 .CommoditiesCrude oil was down 28 cents to trade at $82.38 a barrel.Gold settle at $1,134 an ounce.
We wish you To Have A Superb Profitable Trading Day Today!!!
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RAKESH MAKIN
Chugh securities Pvt Ltd
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