For updates visit


Indian Stock Market


Shares for Daytrading on 24 May

Wednesday, May 23, 2007

These calls are not recommended for beginners in share trading. Users of this call are advised here that the calls posted here will have two way movement on the long and short side for daytrading and are requested to trade with strict stoploss. All should consult their analysts before trading in these calls. Due to various factors affecting the market the result of this call will vary.

Target Review of TIMKEN (TIMKEN)

1. TRADING DATA OF 5/23/2007

Close: 144.30 Volume: 253,468.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 1.410 & RSI is at 80.2409. The MACD is not in an Overbought/Oversold range. To view chart of TIMKEN click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 163.13
FIRST RESISTANCE: 156.85
PIVOT POINT: 138.43
FIRST SUPPORT: 132.15
SECOND SUPPORT: 113.73

Target Review of TIRUMALCHM (TIRUMALCHM)

1. TRADING DATA OF 5/23/2007

Close: 171.05 Volume: 249,627.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 3.728 & RSI is at 77.5862. The MACD is not in an Overbought/Oversold range. To view chart of TIRUMALCHM click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 190.06
FIRST RESISTANCE: 183.73
PIVOT POINT: 173.36
FIRST SUPPORT: 167.03
SECOND SUPPORT: 156.66

Target Review of ALEMBICLTD (ALEMBICLTD)

1. TRADING DATA OF 5/23/2007

Close: 65.65 Volume: 582,585.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 0.640 & RSI is at 71.3873. The MACD is not in an Overbought/Oversold range. To view chart of ALEMBICLTD click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 77.39
FIRST RESISTANCE: 73.48
PIVOT POINT: 64.99
FIRST SUPPORT: 61.08
SECOND SUPPORT: 52.59

Target Review of EDUCOMP (EDUCOMP)

1. TRADING DATA OF 5/23/2007

Close: 1,942.95 Volume: 1,909,140.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 136.668 & RSI is at 78.3478. The MACD is not in an Overbought/Oversold range. To view chart of EDUCOMP click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 2,186.74
FIRST RESISTANCE: 2,105.48
PIVOT POINT: 1,917.74
FIRST SUPPORT: 1,836.48
SECOND SUPPORT: 1,648.74

Target Review of SKFINDIA (SKFINDIA)

1. TRADING DATA OF 5/23/2007

Close: 477.85 Volume: 674,944.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 24.540 & RSI is at 83.3981. The MACD is in an overbought range. To view chart of SKFINDIA click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 546.21
FIRST RESISTANCE: 523.42
PIVOT POINT: 476.71
FIRST SUPPORT: 453.92
SECOND SUPPORT: 407.21

Target Review of RAJTV (RAJTV)

1. TRADING DATA OF 5/23/2007

Close: 318.00 Volume: 358,470.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 21.390 & RSI is at 82.9679. The MACD is in an overbought range. To view chart of RAJTV click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 331.24
FIRST RESISTANCE: 326.82
PIVOT POINT: 313.59
FIRST SUPPORT: 309.17
SECOND SUPPORT: 295.94

Target Review of INOXLEISUR (INOXLEISUR)

1. TRADING DATA OF 5/23/2007

Close: 154.55 Volume: 3,169,035.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 6.345 & RSI is at 80.3669. The MACD is not in an Overbought/Oversold range. To view chart of INOXLEISUR click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 166.06
FIRST RESISTANCE: 162.23
PIVOT POINT: 154.16
FIRST SUPPORT: 150.33
SECOND SUPPORT: 142.26

Target Review of TVTODAY (TVTODAY)

1. TRADING DATA OF 5/23/2007

Close: 165.60 Volume: 2,577,693.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 6.028 & RSI is at 74.6743. The MACD is in an overbought range. To view chart of TVTODAY click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 177.52
FIRST RESISTANCE: 173.55
PIVOT POINT: 165.02
FIRST SUPPORT: 161.05
SECOND SUPPORT: 152.52

Target Review of SHRINGAR (SHRINGAR)

1. TRADING DATA OF 5/23/2007

Close: 64.55 Volume: 1,216,102.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 2.372 & RSI is at 68.3560. The MACD is in an overbought range. To view chart of SHRINGAR click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 74.26
FIRST RESISTANCE: 71.02
PIVOT POINT: 66.01
FIRST SUPPORT: 62.77
SECOND SUPPORT: 57.76

Target Review of NBVENTURES (NBVENTURES)

1. TRADING DATA OF 5/23/2007

Close: 143.30 Volume: 869,861.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 7.525 & RSI is at 82.2689. The MACD is in an overbought range. To view chart of NBVENTURES click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 156.57
FIRST RESISTANCE: 152.15
PIVOT POINT: 145.07
FIRST SUPPORT: 140.65
SECOND SUPPORT: 133.57

Target Review of GBN (GBN)

1. TRADING DATA OF 5/23/2007

Close: 822.80 Volume: 578,536.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 50.537 & RSI is at 82.4615. The MACD is in an overbought range. To view chart of GBN click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 847.40
FIRST RESISTANCE: 839.20
PIVOT POINT: 814.60
FIRST SUPPORT: 806.40
SECOND SUPPORT: 781.80

Posted by FR at 10:22 PM  

Catagories , , ,

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.