Thursday, August 7, 2008

TRADING UPDATES ON AUG 8 2008

AUG 8 FRIDAY

We expect the market to be cautious at open as most Globalmarkets are down.

TRADING CALLS

1.Sell Nalco Futures ar Cmp Rs 401, for short term delivery.Target Rs 378.2.

Nifty support 4450 and resistence 4600.

3.Buy Gail CMP Rs 430, Stop loss Rs 425, Target Rs 442/445.

3.Buy Adlab CMP rS 550, Stop loss Rs 545, Target Rs 560/563

4.Buy Neyveli Lignite CMP Rs 122, Stop loss Rs 117, Target Rs 128

5.Sell Rolta CMP Rs 302, Stop loss Rs 307, Target Rs 292.

6.Buy GIPCL Stop lossRs 79, Target Rs 86/88.