TIPS FOR 10.02.2010 WEDNESDAY

GOOD MORNING & Have a Nice DAY

WISH U ALL A Happy & Profitable Trading!

INTRADAY CALLS FOR WEDNESDAY 10.02.2010

NO PRE MARKET CALLS

INVESTMENT CALL & DELIVERY CALLS

Buy GMDC 148.35 SL 141.50 TGT 153

MARKET VIEW 10.02.2010 WEDNESDAY

Nifty (4793) we said ‘technically the trend is still down but it still requires one more plus day for the market to have some sustained up moves’ well the up move that we were expecting has come in…technically it looks like a buy signal may emerge but structurally it still gives a feeling that the up move is more lie a reactive up move after a good fall…the crucial level to watch would be 4739 The crucial support on the downside for the Nifty is 4739-4673 and resistance at 4918

BSE Sensex (16042) the crucial support on the Sensex on the downside is 15862-15628 and resistance at 16469

WORLD MARKETS UPDATE 10.02.2010

Asian Markets
Asian markets trading higher on Wednesday.
Nikkei Stock Average 225 up 1.05 percent at 10037.05.
KOSPI Index up 0.17 pct at 1573.18.
Shanghai Composite Index up 0.86 pct at 2974.29.
US Markets
US Markets ended higher on Tuesday.Dow Jones industrial average up 150 points,up 1.52 percent, to 10,059. The Standard & Poor's 500 index ended up 1.30 up 14 at 1,071. The tech-heavy Nasdaq composite index up 1.17 percent up 25 points to 2,151.

European Stocks Ended Higher
European Markets ended higher on Tuesday.Britain's FTSE 100 index ended up 0.38 percent up 20 points to 5,112,Germany's DAX ended up 0.24 percent up 13 points to 5,498,France's CAC 40 ended up 0.15 percent at 3,613.

Commodities
Crude oil was down 25 cents to trade at $73.48 a barrel.Gold was up 0.54 percent up $6 settle at $1,072 an ounce.

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RAKESH MAKIN

Chugh securities Pvt Ltd

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