Technical Calls 16 July 2009

410 ABOVE TISCO OPENS FOR 440 STOP LOSS 396 OR 390
127 ABOVE BUY SASKEN 532663 TARGET 150 STOP LOSS 121-116
SELL ACC BELLOW 808 SL 814 TGT 801/797
798 BELWO SELL AXIS BANK TARGET 783-773-769---757 STOP LOSS 810
707 BELOW SELL ICIC BANK STOP LOS 720 TARGET 686--681--676-663
TODAY IPO LISTING : MAHINDRA HOLIDAY RESORTS (ISSUE PRICE Rs.300). BSE CODE 533088, NSE SYMBOL MHRIL. VENTURA

BUY ITC ABOVE 220 TARGET 232-239 STOP LOSSS 208 NEAR STOP LOSS 212

BUY MARUTI ABOVE 1125 TARGET 130-150 RS UP MOVE STOP LOSS 1068
GLENMARK PH (532296) CMP (Rs 228;) Buy for target of 257 with stop loss of 213.
RANBAXY (500359) CMP (Rs 255;) Buy for target of 280 with stop loss of 245.

14142-14018 On Thursday 14142-14018 will be buy area.
Strong markets will not break 14095 .
14506-14500 Above 14142 Sensex could test 14299 ( Wednesday 's high). Further it could open for 14506-14500
13883-13759-13560 Sensex has support at 13891 ( Wednesday 's low). Below that we open for 13883-13759-13560

4195-4154 On Thursday 4195-4154 will be buy area.
Strong Markets will not break 4180 .
4303—4333 Above 4195 Nifty could test 4248 ( Wednesday 's high ).Further it could open for 4303—4333
4121-4083-4022 Nifty has support at 4111 ( Wednesday 's low ).Below it could open 4121-4083-4022