TIPS FOR 09.04.2010 FRIDAY WEEK END

GOOD MORNING & Have a Nice DAY

PREMARKET & INTRADAY CALLS FOR 09.04.2010

FRIDAY

Buy ESSAROIL 151.50 TGT 152.80-157 SL-148

Buy JAICORPLTD 285.50 TGT289-296 SL279

INVESTMENT CALL & DELIVERY CALLS 09.04.2010

Buy IBrelest above 164.5 SL161 TGT 167-169

Buy Jindal steel above 702 SL 697 TGT 708

MARKET VIEW 09.04.2010 FRIDAY

Nifty future faces the resistance close to the level of 5400 and witnessed the profit booking on higher levels and gets corrected from there till 5290 today. Nifty future could get the next support close to the support zone of 5245 to 5250.

The crucial support on the downside for the Nifty is 5290 and resistance at 5448

BSE Sensex 17714 the crucial support on the Sensex on the downside is 17680 and resistance at 18112

WORLD & COMMODITY MARKET VIEW 09.04.2010

US Markets plunged on Thursday on fears about U.S. unemployment and debt problems in Portugal, Spain and Greece.Dow Jones industrials fell below 10,000 in late trade, though it settled slightly above the mark. The 30-stock Dow Jones industrial average was down 2.61 percent, down 268.37 points to 10002.18. The broad Standard & Poor's 500 index was down 34.17 points,down 3.11 percent, to 1063.11.Nasdaq composite index down 65.48 points, was down 2.99 percent, to 2125.43.

Asian Markets tumble on fears about debt problems in Europe and weak closing in US Markets. Nikkei Stock Average 225 trading down 2.76 percent, down 285.76 points at 10070.22.Hang Seng Index down 2.91 percent, down 592.31 points at 19749.33.KOSPI Index down 3.3 percent, down 53.29 points at 1563.13.Shanghai Composite Index down 1.78 percent, down 53.42 points at 2941.89.STRAITS down 1.95 percent, down 53.63 points at 2691.35.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

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PANCHKULA (Haryana).

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WISH U ALL HAPPY & SAFE TRADING

Disclaimer

These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of market with reference to it's previous performance. You are advised to take your positions with your sense and judgment. We are trying to consider fundamental validity of stocks as far as possible, but demand and supply affects with vision, variation. [Our subscribers have positions in the above recommended scripts