1) EUROPEAN MARKETS HAVE ENDED UP IN RED YESTERDAY. IN VIEW OF THAT U.S. MARKETS HAVE ALSO FOLLOWED ITS FOOTSTEPS AND SO THE ASIAN MARKETS NOW.

PLEASE AVOID FRESH LONG POSITIONS TODAY OR BUY ON DIPS AND BOOK THE PROFIT FROM INTRADAY'S PERSPECTIVE. BUT BULLISH TREND IS INTACT. SO BRAVE HEARTS CAN EVEN BUY TODAY TO SEE A HANDSOME GAINS IN A DAY OR TWO.

INTRADAY TIPS FOR 16/08/2010

1) BUY AIR CHINA LTD FOR SHORT TERM GAINS. ITS SUPPORT AND RESISTANCE LEVELS AS FOLLOWS:

SUPPORT I - 8.950

SUPPORT II - 8.720

RESISTANCE I - 9.17

RESISTANCE II - 9.45

2) BUY INDUSTRIAL & COMMERCIAL BANK OF CHINA

S I - 5.68

S II - 5.50

R I - 5.75

R II - 5.90