Thursday, February 4, 2010

TIPS FOR 04.02.2010 THURSDAY


GOOD MORNING & Have a Nice DAY
WISH U ALL A Happy & Profitable Trading!

INTRADAY CALLS FOR WEDNESDAY 04.02.2010
Buy Cummins India Above 480 SL 472 TGT 496
Buy Castrol India at 645.60 TGT 663. SL 634
DHAMPURSUG Buy Above 133 SL 130 TGT 137

INVESTMENT CALL & DELIVERY CALLS
Buy Axis Bank above 1077 SL 1061 TGT 1090 1102
MARKET VIEW 04.02.2010 WEDNESDAY

NIFTY HAD MADE GOOD STRONG COME BACK FROM THE SUPPORT LEVEL OF 4800 AGAIN. TODAY IT CLOSED ABOVE LEVEL OF 4900. TECHNICALLY NIFTY COULD FACE NEXT MAJOR RESISTANCE AROUND 5000 LEVEL.
WE RECOMMEND THAT WE SHOULD WATCH OUT THE LEVEL OF 5000. ABOVE THAT LEVEL WE COULD EXPECT THAT NIFTY COULD ADVANCE IN UPTREND.
The crucial support on the downside for the Nifty is 4827 and resistance at 4967-5030
BSE Sensex (16496) the crucial support on the Sensex on the downside is 16300 and resistance at 16643
WORLD MARKETS UPDATE 04.02.2010
Asian MarketsAsian markets trading lower on Thursday.Nikkei Stock Average 225 down 0.58 percent at 10,344.26.Hang Seng Index down 223.05 points at 20,499.03.KOSPI Index down 0.26 pct at 1,610.84.Shanghai Composite Index down 0.46 pct at 2,989.89.US Markets US Markets ended flat on Thursday. Dow Jones industrial average down 26 points, down 0.26 percent, to 10,271. The Standard & Poor's 500 index ended down 0.55 percent down 6 points to 1,097. The tech-heavy NASDAQ composite index gained 0.04 percent up 1 points to 2,191.
European Stocks Ended LowerEuropean Markets ended lower on Wednesday. Britain’s FTSE 100 index ended down 0.57 percent down 30 points to 5,253,Germany's DAX ended down 0.66 percent down 38 points to 5,672,France's CAC 40 ended down 0.49 percent at 3,793.CommoditiesCrude oil was down 11 cents to trade at $76.88 a barrel. Gold settle at $1,112 an ounce.
We wish you To Have a Superb Profitable Trading Day Today!!!

Regards,
RAKESH MAKIN
Chugh securities Pvt Ltd
+91 9915684997,9041667797(DIRECT)
OFF 0172-4657997
PANCHKULA (Haryana).
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WISH U ALL HAPPY & SAFE TRADING

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