Short Term call on 17 dec. 08

Short term buy/sell date: 17 dec 2008

power finance limited
sell at 128-130 sl 132 tgt 120
(dark cloud cover)
100 dma 121(beware...good support zone)


m n m
sell at305-310 sl 318 tgt 280
30 dma 311 (bearish engulfing )
very strong res. at current levels

bUY::

Buy India bank at 121.5 sl 117.5 tgt 125-130(perfect bullish engulfing)
15 dma= 121.45, 30 dma 125.80 so remain alert
50 dma 126
alternate if it opens at arnd 126 or above then sell sl 130 tgt 121


bhel has made bullish eng. but if it goes to 1500-1550 level short it with sl 1600 tgt 1100 , can buy it tomorrow at 1375-1360 sl 1335


infosys buy at arnd 1100 sl 1080 tgt 1175(made bullish engulfing)


Hemen:
Buy Cumins at 190 (cmp 197) sl 180 tgt 214

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