Friday, January 29, 2010

TIPS FOR 29.01.2010 FRIDAY


GOOD MORNING & Have a Nice DAY WISH U ALL A Happy & Profitable Trading!
INTRADAY CALLS FOR FRIDAY 29.01.2010
NO PRE MARKET CALLS FOR TODAY
KEEP EYE ON YESTERDAY CALLS BOB
INVESTMENT CALL & DELIVERY CALLS
Buy Indian Bk above 181 SL 178.2 TGT183.7-186.4
Markets likely to see a weak opening
MARKET VIEW 29.01.2010 FRIDAY
Nifty (4867) We would not be surprised with a gap up opening comes in. The next target on the way down if it breaks 4833 is 4765’ the market opened with a gap up and has closed positive for the day… so far the slide has reduced and the market has closed positive after a 6 day slide…the pattern generated for the day is an indecisive pattern and the Feb series stats now and as an aggressive trader I would buy Nifty with a stop below 4800 and trade long for a target of around 5000-5100 in days to come.
The crucial support on the downside for the Nifty is 4833-4765 and resistance at 5000
BSE Sensex: (16307) the crucial support on the Sensex on the downside is 16036 and resistance at 16500

WORLD MARKETS UPDATE 29.01.2010
Asian MarketsAsian markets trading lower on Friday.Nikkei Stock Average 225 down 1.56 percent at 10252.16.Hang Seng Index down 312.66 points at 20,043.71.KOSPI Index down 1.77 pct at 1,613.39.Shanghai Composite Index up 0.48 pct at 3,008.43.US Markets US Markets ended lower on Thursday.Dow Jones industrial average down 116 points,down 1.13 percent, to 10,120. The Standard & Poor's 500 index ended down 1.18 percent down 13 points to 1,085. The tech-heavy Nasdaq composite index lost 1.91 percent down 42 points to 2,179.
European Stocks Ended LowerEuropean Markets ended lower on Thursday.Britain's FTSE 100 index ended down 1.38 percent down 72 points to 5,146,Germany's DAX ended down 1.82 percent down 103 points to 5,540,France's CAC 40 ended down 1.89 percent at 3,689.CommoditiesCrude oil was up 16 cents to trade at $73.80 a barrel.Gold settle at $1,085 an ounce.
We wish you To Have a Superb Profitable Trading Day Today!!!
Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)
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PANCHKULA (Haryana).
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