Todays Intraday calls

Market will open with downside gap today because of global market trend	9:47 AM
sell vsnl s/l 532 targ 510 sell PNB s/l 698 targ 682 sell INFOSYS s/l 1625 targ 1584	9:47 AM
It was yet another day of volatility on the indices yesterday, with the indices failing to sustain, cross and close above the important resistance level of 5500, though the indices closed above the 5480 levels which was the higher band of the trading range of 4900-5480, the volumes were not convincing enough,,,,,,,,, today with major negative global cues, though the indices have managed to give some buying signals for the time being, it would be advisable to remain cautious and buy with the mood of the markets which is negative for the time being upto 5200,,,,,,,,,,,,,,,,,,,,,,	9:47 AM
support comes in at 5456-5419-5388-5340-5298 and resistance comes in at 5504-5548-5890-5622

BUY ITC AT CMP 199-200
Buy suzlon at Cmp 317 target 325 intraday sl 310
buy cairn at cmp 207 target 220 intraday sl 202

Buy RNRL 152 SL 150 TGT 158-160 Buy RPL 170 sl 168 tgt 178	10:31 AM
buy nifty fut @ 5315 tgt 5353 , 5388 for today trade

Market News: RNRL reliance gas settlement completed ..RNRL willl touch 250 and then 500+ 10:48 AM
BUY RELPET (RPL) CMP 172.25 Target 176 and 179 StopLoss 169.1

BUY IFCI CMP 67.5 Target 70.25 and 72.8 StopLoss 65.1


Japan down 650 points, Hengseng down by 1350 points ...... Singapore down for 4% and USA fut is RED .... Europe will open nearly 3% gap down and NIFTY will break our day's low again

No one has this news Check the Amount of losses for all big guns of the financial sector. And remember its just the beginning.

Subprime Losses till date
Citigroup: $18.0 billion
UBS: $13.5 billion
Morgan Stanley: $9.4 billion
Merrill Lynch: $8.0 billion
HSBC: $3.4 billion
Bear Stearns: $3.2 billion
Deutsche Bank: $3.2 billion
Bank of America: $3.0 billion
Barclays: $2.6 billion
Royal Bank of Scotland: $2.6 billion
IKB: $2.6 billion
ShocGen $2.0 billion
Freddie Mac: $2.0 billion
Credit Suisse: $1.0 billion