INTRADAY PICKS FOR 31.08.2009

IFCI FUT/CASH

BUY ABV 55.15 TGT 55.85 - 56.45 - 57.95 - 58.65 - 60.15
WEAK BELOW 54 TGT 53.25 - 52.45 - 50.75
BUY IN DIPS CONSIDERING 51-52 AS SUPPORTS FOR THE DAY

ICICIBANK FUT/CASH

BUY ABV 760.25 TGT 771.35 - 780.10 - 794.15 - 804.25 - 808.55
WEAK BELOW 758.55 TGT 751.25 - 747.35 - 742.35 - 738.45
BUY IN DIPS CONSIDERING 735.55 AS SUPPORT FOR THE DAY

EDUCOMP FUT/CASH

BUY ABV 4235.35 TGT 4270.75 - 4310.85 - 4334.95 - 4369.85 - 4385.95
WEAK BELOW 4200 TGT 4181.75 - 4156.95 - 4140.90 - 4112.35
BUY IN DIPS CONSIDERING 4130-20 AS SUPPORT FOR THE DAY

RELCAPITAL CASH/FUT SEPT POSITIONAL

BUY ABV 840 TGT 860 - 882 - 911 - 930 SL 828
HOLD FOR POSITIONAL TGT OF 900-960-1020
REACHED 881 ON FRIDAY. ABOVE 900+ WATCH THE MOVEMENT BUY IN EVERY DIPS.

IDBI FUT/CASH

BUY ABOVE 100+ IN DIPS FOR GOOD INTRADAY GAINS WITH SL 98 FOR TGT OF 105+
AVOID IF OPENS HIGH AND WAIT FOR A DIP

PRAJIND CASH/FUT

BUY CONSIDERING 100 AS GOOD SUPPORT FOR THE DAY TGT 102.85-106.25 - 108.65
BELOW 100 EXPECT SELL OFF UP TO 98.90 - 97.15 - 95.45 - AND ONCE BREAKS 95 STRAIGHT TO 93-91

HINDUNILVR CASH/FUT

HINDUNILVR FUT/CASH ABOVE 160 SL 158 FOR 163-166-169-171 CONSIDER 265-267 AS A RESISTANCE FOR TODAY
WEAK BELOW 157.50 FOR 156 -154 - 152.4

ABOVE SUGGESTIONS ARE FOR FUTURE PRICE AND ADJUST PRICE IN CASH TRADES. MANY MORE SURE SHOTS DURING MARKET HOURS IN Y/M

HAPPY TRADING

DEEPA ACHARYA