SOME INTRA DAY TRADING TIPS FOR FAST INCOME

NIFTY(spot): If nifty trades below 4265,the target is 4242,4222.COVER YOUR SHORTS ONCE HERE AND SHORT MORE NIFTY IF IT TRADES BELOW 4218 OR SHORT NIFTY AGAIN ON BOUNCEBACK IN THE RANGE OF 4250-4280.

THE TARGETS SOON WILL BE 4180.

RCOM : IF TRADES BELOW 509,THE TARGETS IS 498.

RELCAPITAL:If trades below 1132,the target is 1119 and 1103.

MOSER BAER: (292) Just grab September futures in panic keeping stop loss of 277.
Crossover above 300 it'll shoot up to 330 in hours only.

ICICI Bank: (862) 848 & 838 solid supports on lower levels, if they remains intact then expect sharp bounce back from lower levels.

TTML: (31.35) 30.50 & 29.50 are solid supports, buy on lower levels.

RENUKA: (487) 477 a crucial support, if it remains intact then expect sharp bounce back.

SKUMAR: (111) Buy in panic keeping stop loss of 103.



Huge short covering seen from lower levels and Nifty again able to remain above 4300 level. 4250, 4225 has worked as good intraday support. Nifty future will face resistance from 4380 level. Spot Nifty 4400 is a strong resistance level. Today is expiry of August series contracts, so, stock specific movement & short coverings is very much expected.

Bharti Tele: Stock witnessed excellent buying from day low yesterday. Today consider 885 as crucial resistance for this counter. Above 885 one can expect 899-904 levels. Stop loss to be placed at 878 for any long positions. Below 875 expect selling pressure.

Tata Steel: Excellent price volume breakout seen in this counter. In this column, we had clearly written that above 604 no problem form the stock and one can buy with stop loss of 598, and watch the movement. All short positions got trapped. 675 is a major resistance for this stock. Above that 685,695 are up side targets.

India Info: Strong momentum, above 655, if stays, expect bull charge again for targets of 662,671.

TTML: (32.50) Looks total hot. Buy or remain long.

REL ENERGY: (782) Keep stop loss of 758 & buy.

RENUKA, TRIVENI & BAJAJ HIND: Looks good only.

BHEL & L&T: Looks good only. Remain long.

PRAJ IND & VOLTAS: Buy.

Nifty: (4179) Consider 4210 & 4240 nearest & 4290 a solid resistance, selling on higher levels will be seen, now keep stop loss of 4327 to your short positions.
Downward side it'll fall down further to 4097, 4075 & 4059 initially. 4059 a crucial support to watch out for on lower levels from where intra day up surges will be seen.
Break below 4059 huge further panic will drag it down to 4000 & 3948.

UNITECH: (467) 486 & 495 solid resistance on higher levels, selling on higher levels will be seen.

ABB: (1060) Break below 1046 huge selling will underway.

ICICI BANK: (430) 810 & 791 nearest & last crucial support. A close below 791 major down trend will start.

Satyam Comp: Trend decider is 462 in cash. Buy on dip at 460 level. A tight stop loss of 455 will work fine. Break below 450 more weakness. On the upside if stays above 475 expect some good up movement.