Market outlook for 30/10/09

NIFTY Technical
Current Spot: 4750.55
Pivot: 4771.65
3DEMA: 4921
7DEMA: 4983
50DEMA: 4887
Supports: 4717 - 4684
Resistance: 4805 – 4859

Target Nifty
Nifty Fut buy above 4804 tgt 4817, 4825, 4838, 4859 sl 4775.
Nifty Fut sell below 4775 tgt 4771, 4750, 4737, 4716 sl 4804.

Option & Futures Call
Buy ONGC 1200 call @36.80 target 55
Buy Tata steel 540 call @6.25 target 16

Stock Ideas for the Day
IRB Infra: Buy above 233 tgt 241, 245 SL 230
BHARTIARTL: Buy above 314.9 tgt 316.1, 317.6, 320.1 sl 309.8
SESAGOA Buy above 298.4 tgt 301.3, 306.4, 309.6 sl 287.8
Rcom: Buy Above 191 for targets of 194, 199 sl 185
Reliance Industries: Sell below 1982 tgt 1962, 1951 SL 1991

Positional Call: (7-15 days)
Prime Securities Limited (Short term target- 60)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators

Call 09831497250 or mail us @ S&P Wealth Creators with your Name and Mobile No. for subscription offer of intraday calls during Market hours.

Disclaimer
The calls given here are My Personal views, trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. S&P Wealth Creators will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion.