Friday, January 22, 2010

TIPS & MARKET VIEW FRIDAY22.01.2010


GOOD MORNING & Have a Nice DAY WISH U ALL A Happy & Profitable Trading!
INTRADAY CALLS FOR THURSDAY 22.01.2010

DREDGE CORP Sell below 620 SL at 640 for lower targets 580-575 (RISKY CHECK LEVELS THEN ENTER)
INVESTMENT CALL & DELIVERY CALLS
Buy GTL above 410 SL403.8 TGT 416 422

Market view today THURSDAY 22.01.2010
Markets likely to see a gap down opening.. Support for nifty is at 4950Nifty (5094) 5200 is a Make or Break level. Aggressive traders can actually buy Nifty with a stop below 5200 for an up move’ the market broke the crucial 5200 mark and spoilt the structure of the chart, now technical short term slide can be halted near strong supports of 5072 as next week is an F&O expiry as this would be a cheap roll over week
The crucial support on the downside for the Nifty is 5072 and resistance at 5163
BSE Sensex: (17051) the crucial support on the Sensex on the downside is 17016 and resistance at 17312
WORLD MARKETS UPDATE 22.01.2010
Asian MarketsAsian markets tumble on Friday.Nikkei Stock Average 225 down 295.40 points at 10,573.01.Hang Seng Index down 348.09 points at 20,514.58.KOSPI Index down 2.05 pct at 1,686.75.Shanghai Composite Index down 1.70 pct at 3,105.20.US Markets US Markets ended lower on Thursday. Dow Jones industrial average down 214 points, down 2.01 percent, to 10,390. The Standard & Poor's 500 index ended down 1.89 percent down 22 points to 1,116. The tech-heavy NASDAQ composite index lost 1.12 percent down 26 points to 2,266.
European Stocks Ended LowerEuropean Markets ended lower on Thursday. Britain’s FTSE 100 index ended down 1.58 percent down 86 points to 5,335,Germany's DAX ended down 1.79 percent down 105 points to 5,747,France's CAC 40 ended down 1.70 percent at 3,862.CommoditiesCrude oil was down 25 cents to trade at $75.79 a barrel. Gold settle at $1,103 an ounce
We wish you To Have a Superb Profitable Trading Day Today!!!
Regards,

RAKESH MAKIN
Chugh securities Pvt Ltd

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