Nifty (2736) Sup 2650 Res 2770

Buy ABB (399)
SL 394 Target 410, 413

Sell Axis Bank (373)
SL 378 Target 363, 360

Sell HDFC (1352)
SL 1367 Target 1320, 1310

Sell Sterlite (248)
SL 252 Target 240, 238

Sell Bombay Dyeing (140)
SL 143 Target 134, 132

Nifty (2789) Sup 2730 Res 2820

Buy PFC (141)
SL 138 Target 147, 148

Buy Cairn (153)
SL 149 Target 160, 162

Sell L&T (641)
SL 649 Target 626, 622

Sell Nalco (201)
SL 205 Target 193, 191

Sell IVRCL Infra (111)
SL 116 Target 103, 102

Nifty (2776) Sup 2735 Res 2810

Buy Bharti (641)
SL 635 Target 654, 658

Sell TCS (481)
SL 486 Target 472, 470

Sell Hero Honda (937)
SL 945 Target 915, 910

Buy Bombay Dyeing (145)
SL 141 Target 151, 154

Sell Grasim (1341)
SL 1356 Target 1315, 1305

Nifty (2770) Sup 2740 Res 2825

Buy GSPL (32.90)
SL 31.95 Target 35, 36

Buy Marico (59)
SL 57.7 Target 63, 64

Sell Patel Eng (130)
SL 134 Target 120, 115

Sell PNB (369)
SL 376 Target 355, 353

Sell Essar Oil (71)
SL 74 Target 65, 63

FEB 16

Nifty (2948) Sup 2890 Res 2995


Buy BHEL (1467)
SL 1452 Target 1502, 1512



Buy PTC (66)
SL 64 Target 70, 71


Buy Torrent Power (74)
SL 72 Target 78


Sell Dr Reddy’s (431)
SL 436 Target 421, 419

MARKET CALLS FEB 16

BUY MAHARASHTRA SEAMLESS AROUND 122.50,

SL120, TARGET 130.

MARKET CALLSFOR FEB 16

BUY R. POWER; ENTRY ON DIPS TO 106.5,

SL 103.50,TGT 113.

BUY ICICI BANK : ENTRY ON DIPS TO 428,

SL 423, TGT 440.

BUY TISCO FEB FUT 194.50, SL189, TGT 205

BUY FEB FUT HDFCIF >1555,SL1529, TGT 1595.

UPDATES FOR FEB 16


BUY LIC HOUSING FOR MEDIUM TERM.

UPDATE FOR FEB 11

Media reports of the finance ministry is drafting

a proposal toremove the securities transaction

tax (STT) and news that theCentre has eased some

foreign direct investment (FDI) normstriggered a

solid rebound on the bourses in late trade. Despite

thesharp intraday recovery, the key benchmark

indices ended slightlylower, ending three-day

winning streak.The BSE 30-share Sensex fell28.93

points or 0.30%, recovering 158.95 points from the

day's low. The market bounced back after a near 2%

slide in early trade causedby investors concern that

a revamped plan by the United States toshore up banks

may not be enough to alleviate the credit crisis.The

market breadth turned positive in late trade,

reversing earlyweakness. US index futures which

indicated the Dow could rise 44points at the opening bell

on Wednesday, also aided the rebound on the domestic bourses.

TRADING CALL FOR FEB 4

BUY MARUTI CMP RS. 584, SL RS.570

FOR SHORT TERM DELIVERY TARGET RS. 610.

TRADING CALL FOR FEB 3

BUY GVK POWER CMP RS.19,FOR DELIVERY

TARGET RS,22 , SL RS.17.

TRADING CALL FOR FEB 2 2009

SELL ICICI BANK BETWEEN RS 401 AND RS 403,

FOR A TARGET OF RS 381 ,

IN 1 TO 3 DAYS.

STOP LOSS RS 410 ON A CLOSING BASIS.