PREMARKET & INTRADAY CALLS FOR 19.08.2010 THURSDAY

GOOD MORNING & Have a Nice DAY

PREMARKET & INTRADAY CALLS FOR 19.08.2010

THURSDAY

BUY GAIL ABV 463 SL 458 TGT 472
BUY ITC ABV 163 SL 160 TGT 167

SHORT TERM INVESTMENTCALLS 19.08.2010

Buy BF Utilities 1035 TGT 1070 SL 1018

Buy APOLLOTYRE 69.50 TGT 72 SL 67

MARKET VIEW 19.08.2010 THURSDAY

NIFTY

Nifty 5479

Nifty today made the strong up moves and made the close near to the level of 5500. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the immediate intraday support for nifty future seems to be at the levels of 5440 to 5450.

Technically nothing has changed and the next logical target on the way down still is 5364 the market opened weak but it was short covering that drove the market up and now the market is once again close to our strong resistance of 5493-5520

The crucial support on the downside for the Nifty is 5450 and resistance at 5493-5520

SENSEX

BSE Sensex 18257 the crucial support on the Sensex on the downside is 18100 and resistance at 18356

WORLD MARKET 19.08.2010 UPDATED 07.40AM

Asian markets were trading higher. China's Shanghai Composite was up 0.12% or 3.08 points at 2,669.38.

Hong Kong's Hang Seng added 0.37% or 77.61 points at 21,100.34.

Japan's Nikkei gained 0.70% or 65.12 points at 9,305.66.

Singapore's Straits Times rose 0.24% or 7.07 points at 2,926.44.

South Korea's Seoul Composite gained 0.81% or 14.35 points at 1,776.34.

Taiwan's Taiwan Weighted was flat at 7,918.60.

DIVIDENDS FOR 19.08.2010

Ballarpur Industries Dividend, Results
Lincoln Pharma Dividend, Results
Royal Orchid General
India Lease Results
MGF Dividend, Results
Sunraj Diamond Results
Jalpac India Results

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

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