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Indian Stock Market


Shares for daytrading (for today)

Wednesday, May 30, 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 ABIRLANUVO

1. TRADING DATA OF 5/29/2007

Close: 1,369.65 Volume: 132,265.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 51.354 & RSI is at 75.8719. The MACD is not in an Overbought/Oversold range. To view chart of ABIRLANUVO click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 1,421.62
FIRST RESISTANCE: 1,404.30
PIVOT POINT: 1,372.67
FIRST SUPPORT: 1,355.35
SECOND SUPPORT: 1,323.72

Target Review of ASHAPURMIN


1. TRADING DATA OF 5/29/2007

Close: 294.90 Volume: 302,425.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 11.581 & RSI is at 91.3044. The MACD is in an overbought range. To view chart of ASHAPURMIN click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 313.57
FIRST RESISTANCE: 307.35
PIVOT POINT: 288.67
FIRST SUPPORT: 282.45
SECOND SUPPORT: 263.77

Target Review of BHEL

1. TRADING DATA OF 5/29/2007

Close: 2,857.45 Volume: 1,120,821.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 84.175 & RSI is at 80.9038. The MACD is in an overbought range. To view chart of BHEL click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 3,004.00
FIRST RESISTANCE: 2,955.15
PIVOT POINT: 2,839.95
FIRST SUPPORT: 2,791.10
SECOND SUPPORT: 2,675.90

Target Review of DIVISLAB

1. TRADING DATA OF 5/29/2007

Close: 5,013.80 Volume: 219,024.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 327.664 & RSI is at 89.4469. The MACD is in an overbought range. To view chart of DIVISLAB click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 5,136.20
FIRST RESISTANCE: 5,095.40
PIVOT POINT: 4,998.20
FIRST SUPPORT: 4,957.40
SECOND SUPPORT: 4,860.20

Target Review of ESSDEE

1. TRADING DATA OF 5/29/2007

Close: 445.65 Volume: 1,204,997.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 26.442 & RSI is at 83.7428. The MACD is not in an Overbought/Oversold range. To view chart of ESSDEE click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 499.76
FIRST RESISTANCE: 481.73
PIVOT POINT: 428.86
FIRST SUPPORT: 410.83
SECOND SUPPORT: 357.96

Target Review of GESHIP

1. TRADING DATA OF 5/29/2007

Close: 289.70 Volume: 1,272,529.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 8.509 & RSI is at 77.1440. The MACD is not in an Overbought/Oversold range. To view chart of GESHIP click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 316.55
FIRST RESISTANCE: 307.60
PIVOT POINT: 284.80
FIRST SUPPORT: 275.85
SECOND SUPPORT: 253.05

Target Review of INDIAINFO

1. TRADING DATA OF 5/29/2007

Close: 602.25 Volume: 4,302,519.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 29.088 & RSI is at 78.9617. The MACD is not in an Overbought/Oversold range. To view chart of INDIAINFO click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 664.31
FIRST RESISTANCE: 643.63
PIVOT POINT: 597.26
FIRST SUPPORT: 576.58
SECOND SUPPORT: 530.21

Target Review of L & T

1. TRADING DATA OF 5/29/2007

Close: 1,856.15 Volume: 1,546,645.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 33.365 & RSI is at 73.9008. The MACD is not in an Overbought/Oversold range. To view chart of LT click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 1,938.99
FIRST RESISTANCE: 1,911.38
PIVOT POINT: 1,841.79
FIRST SUPPORT: 1,814.17
SECOND SUPPORT: 1,744.59

Target Review of TATAELXSI

1. TRADING DATA OF 5/29/2007

Close: 360.85 Volume: 553,257.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 6.479 & RSI is at 76.0720. The MACD is not in an Overbought/Oversold range. To view chart of TATAELXSI click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 392.16
FIRST RESISTANCE: 381.72
PIVOT POINT: 354.36
FIRST SUPPORT: 343.92
SECOND SUPPORT: 316.56

Target Review of ZENSARTECH

1. TRADING DATA OF 5/29/2007

Close: 370.85 Volume: 326,567.00

2. TECHNICAL OUTLOOK FOR SHORT TERM:

MACD is at 17.704 & RSI is at 81.9543. The MACD is not in an Overbought/Oversold range. To view chart of ZENSARTECH click here.

3. TOMORROW'S LEVELS AT WHICH TO TRADE:

SECOND RESISTANCE: 400.66
FIRST RESISTANCE: 390.73
PIVOT POINT: 360.91
FIRST SUPPORT: 350.98
SECOND SUPPORT: 321.16

Posted by FR at 8:38 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.