Calls for 10 September

By | September 10, 2008

NIfty today took support at 4380 twice as it was evident that smart players are buying at lower levels.But cause of concern is that FII are still selling.Today they sold equities worth 1080 Cores DII were buyes of 500 cores.

Inflation will come lower as compared to previous week around12-12.20%

Crude declining 102.51 as i am writing Positive for INdia

We have IIP number coming on Friday 12 Sep so 2 days full of action.

Now its better to go with Banks and Capital Goods

Reliance be a buyer with a SL of 2050

BHEL be a buyer in Dips.It can again show 1800-1850 Levels SL 1625

SBIN and Axis bank be a buyer in DIPS

SBIN is a good buy around 1550 levels and it is facing resistance around 1580 levels once crossed 1600 1625 levels on cards

Axis bank resistance around 720 support 694-700 levels Plan ur trade accordingly.

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