Money Spinner - Trading calls in futures segment of Indian stock market

Friday, March 09, 2007

Trading Calls for 09Mar07

Nifty: 3761.65 +134.80 Points Sensex: 13049.35 +469.60 Points

FII Activity:
Cash Segment: 60.18 crores net buyers
Index Futures: 948.39 crores net buyers
Stock futures: 198.66 crores net buyers

Advance Decline ratio: 812:226

Outlook for 09Mar07:
As expected the markets recovered but the percentage by which it has recovered was not expected. Well, do not get annoyed but its time to go short again. It is safe to go short on Nifty when it is trading in the 3800-3850 range. Please cover your longs in this range and go short in select stocks. Looks like this time it will be a slow kill. For today the Nifty should take support at 3715 and 3660. On the higher side it should face resistance at 3795 and 3835.

Futures Trading Calls:

Buy ABB if sustains above 3420 for target 3620.
Buy Bank Of India if sustains above 162 for target 173.
Buy IndusInd Bank if sustains above 42.50 for target 48.
Buy Union Bank if sustains above 95 for target 100.

Cash Calls:

No Calls today.

Disclaimer: The recommendations provided would be purely on my personal opinion and doesnot reflect any fund house interest or my personal holdings. I would not be responsible for the loss in trades undertaken based on my recommendations.

posted by Moneyspinner at 8:27 AM

4 Comments:

  • your calls are very good..

    By Anonymous Anonymous, at 2:48 PM  

  • Hello sir,

    I want to see your call at market time.

    may i know your e-mail id.

    Pls add me on your yahoo id
    my id is punit_viramgama@yahoo.com

    Thank you.

    By Blogger punit, at 5:30 PM  

  • Hello sir,

    I want to see your call at market time.

    may i know your e-mail id.

    Pls add me on your yahoo id
    ajayiil@yahoo.co.in

    By Blogger ajaygangrade, at 12:35 PM  

  • Hello Punit and Ajay,

    Unfortunately I donot give tips during market hours. I am not into stock markets full time and moreover my calls are for swing trading and not for intraday. I donot recommend intraday trading. I believe in having clarity on entry and exit levels before I enter the trade. I do this as a passion and I donot offer any paid services.

    Dear Amit,
    Thanks for the compliments.

    Regards,
    Vijay

    By Blogger Moneyspinner, at 7:59 PM  

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