SATURDAY GIVEN CALL

TTML

This scrip did not achieve first support.

RELCAPITAL

I told to sell below 883 but it did not achieve that level during the trading hours.

RELINFRA

This scrip achieved two supports.

RELIANCE

This scrip achieved first support.

TATSTEEL

This scrip achieved first support.

MY VIEW

Today market ended in negative because of world banks forecast about recession.It views deep recession for this year this was reason for selling pressure. Nifty neared 4214 which is a good support but did not break. Let’s see what happens tomorrow.

MARKET VIEW FOR TUESDAY

Tomorrow may be there will be some selling pressure because nifty was near 4214 levels. If this breaks with volume then it lead to 4116 levels. Technically in the price chart I feel tomorrow too there will be some selling pressure but it also depends on global cues. Let’s watch what happens tomorrow.

FREE TIPS

Only if markets move downwards trade these scrip’s.

RELINFRA

Again we can sell this stock for a target 1123 levels. Technically in the price chart down trend is conformed. To my knowledge if it breaks 1196 levels it will defiantly hit 1148 levels and if market supports then 1123 levels.

SUP: 1196, 1148 RES: 1262.

RELIANCE

On 18/05/09 this scrip had a gap up opening nearly 200 points and today the gap has filled. Already it has negative news. I again recommend a call sell for a target of 1860 and below, with a strict stop loss of 1980.I request you to keep an eye on volume.

SUP: 1950, 1915 REL: 1980 STOP LOSS: 1980.

TATASTEEL

Technically in the price chart bearish pattern is formed. Again we can sell this scrip for a target 384 with a strict stop loss 412.

SUP: 384,373 RES: 405,412. STOP LOSS: 412.

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