TRADE CAUTIOUSLY AS NIFTY AND SENSEX HAS REACHED THE MAXIMUM PEAK. BREAKING NEXT RESISTANCE LEVEL IS CRUCIAL AS OF NOW.

ANY FRESH LONG POSITION IS TO BE METICULOUSLY UNDERTAKEN. IT IS BETTER TO WAIT FOR SOMETIME.

US MARKETS HAVE CLOSED WITH A FLAT NOTE AND HENCE ASIAN MARKETS ARE NOT DOING ANYTHING UP TO THE MARK.

SO WE MAY EXPECT OUR MARKETS TOO OPEN IN GREEN AND SLIP INTO RED VERY QUICKLY.

BELOW MENTIONED SCRIPS CAN BE USED TO GO SHORT AND LONG FROM INTRADAY PERSPECTIVE:


1) SESA GOA LTD - GO SHORT @ 327/- TO 329/- , STOP LOSS 333/- AND TARGET PRICE @ 319/- .


2) YOU CAN USE ANY BANKING STOCK TO GO SHORT WITH 3 - 5% MARGIN.


3) PL USE STERLITE INDUSTRIES LTD TO GO LONG @ 160/- TO 162/- STOP LOSS @ 157/- AND TARGET PRICE @ 166/-.

1) BUY SESA GOA LTD @ 329/- AND HOLD TILL IT REACHES 355/- WITHIN 2 DAYS.

2) BUY IVRCL @ 165.50 TARGET Rs.171/- (INTRADAY TIPS FOR 20/08/2010)

1) BUY SESA GOA LTD FOR QUICK GAINS. TARGET Rs.340/- CURRENT PRICE IS Rs.320/-.

2)BUY POWER GRID CORPORATION LTD @ Rs.104/- AND TARGET Rs.111/- WITHIN A WEEK.

1) GO SHORT TOMORROW IN SESA GOA LTD AT Rs. 320/- AND EXIT AT Rs.310/- SINCE IT IS A CRUCIAL SUPPORT LEVEL.

2) GO SHORT TOMORROW IN HDIL (HOUSING AND DEVELOPMENT INFRA LTD)

AT Rs.280/- AND EXIT AT Rs.267/-

3) BUY AND ENTER IVRCL AT Rs.161.50 AND EXIT AT Rs.166/- BECAUSE ITS RANGE HAS COMEDOWN TO Rs.170/- OR HOLD IN A SHORT TERM PERSPECTIVE.

Please exit from MMTC immediately as it seems to be going further down upto Rs.1300/- in the next week.

Buy HDIL from intraday perspective for short term gains in the current price(Rs.285/- because it looks very strong to touch Rs.299/- stop loss Rs.278/- must be strictly followed.

Also be cautious as our Market is function without any clue to go up or maximum upto NIFTY 5500 and 18425 SENSEX.

GO SHORT IN THE MMTC IMMEDIATELY AFTER MARKET OPENING AND COVER THE SHORT WITH Rs.25/- GAIN.

PLEASE AVERT GOING LONG ANYMORE HEREAFTER AS MARKET IS TRYING TO TAKE U TURN.