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Shares for daytrading on 7 May 07

Monday, May 7, 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 CINEMAX (CINEMAX)

1. TRADING DATA OF 5/4/2007

Close: 142.90 Volume: 2,022,360.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 157.52
FIRST RESISTANCE: 152.65
PIVOT POINT: 140.92
FIRST SUPPORT: 136.05
SECOND SUPPORT: 124.32

Target Review of INOXLEISUR (INOXLEISUR)

1. TRADING DATA OF 5/4/2007

Close: 127.80 Volume: 1,055,609.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 137.32
FIRST RESISTANCE: 134.15
PIVOT POINT: 126.63
FIRST SUPPORT: 123.45
SECOND SUPPORT: 115.93

Target Review of GBN (GBN)

1. TRADING DATA OF 5/4/2007

Close: 682.00 Volume: 1,061,977.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 762.25
FIRST RESISTANCE: 735.50
PIVOT POINT: 655.25
FIRST SUPPORT: 628.50
SECOND SUPPORT: 548.25

Target Review of COLGATE (COLGATE)

1. TRADING DATA OF 5/4/2007

Close: 396.50 Volume: 1,785,374.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 427.63
FIRST RESISTANCE: 417.25
PIVOT POINT: 387.63
FIRST SUPPORT: 377.25
SECOND SUPPORT: 347.63

Target Review of FCSSOFT (FCSSOFT)

1. TRADING DATA OF 5/4/2007

Close: 90.40 Volume: 247,598.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 101.95
FIRST RESISTANCE: 98.10
PIVOT POINT: 86.55
FIRST SUPPORT: 82.70
SECOND SUPPORT: 71.15

Target Review of GOLDTECH (GOLDTECH)

1. TRADING DATA OF 5/4/2007

Close: 79.45 Volume: 543,137.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 83.54
FIRST RESISTANCE: 82.17
PIVOT POINT: 78.09
FIRST SUPPORT: 76.72
SECOND SUPPORT: 72.64

Target Review of MUDRA (MUDRA)

1. TRADING DATA OF 5/4/2007

Close: 72.65 Volume: 2,956,797.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 82.66
FIRST RESISTANCE: 79.32
PIVOT POINT: 70.61
FIRST SUPPORT: 67.27
SECOND SUPPORT: 58.56

Target Review of INDIABULLS (INDIABULLS)

1. TRADING DATA OF 5/4/2007

Close: 568.80 Volume: 12,204,943.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is not in an Overbought/Oversold range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 630.45
FIRST RESISTANCE: 609.90
PIVOT POINT: 557.95
FIRST SUPPORT: 537.40
SECOND SUPPORT: 485.45

Target Review of NETWORK18 (NETWORK18)

1. TRADING DATA OF 5/4/2007

Close: 513.55 Volume: 3,647,720.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

The MACD is in an overbought range.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 596.39
FIRST RESISTANCE: 568.78
PIVOT POINT: 506.39
FIRST SUPPORT: 478.78
SECOND SUPPORT: 416.39

Posted by FR at 6:19 AM  

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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.