Friday, June 8, 2007

Intraday Calls for 8th June

Nifty: Supports are 4150, 4140 and Resistance are 4190, 4220.
Sensex: Supports are 14100, 14075 and Resistance are 14200, 14250.

Market will opens weak, remain weak. But IT sector should support the market as Dollar going strong today.

Buy Indiabulls around Rs. 510/- Target Rs. 520/- SL Rs. 505/- (Strong support at 490)
Buy Cummins India around Rs. 320/- Target Rs. 330/- SL Rs. 315/- (Short term target Rs. 345/-)
Buy Elecon Engineering Rs. 455/- Target Rs. 465-470/- SL Rs. 445/-
Buy Paramount Communication @ Rs. 34-35/- Target Rs. 38-40/- SL Rs. 32/- (Short Term Target Rs. 45-50/-)
Buy Balaji Telefilms @ Rs. 210/- Target Rs. 215-220/- SL Rs. 205/-.

Others are : Cambridge Solution (132), KPIT (139), Sesa Goa (1690),

Above buys are only at declines.

Good Luck
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