Wednesday, October 31, 2007

For 31st October 07

Markets are likley to trade subdued today though volatility is not ruled out.

The breadth of the market ended negative at 403:738 suggesting profit booking
even in mid-cap stocks . Nifty November futures premium has
decreased to 15.30 points from 17.10 points and added 4 lakh
shares in open interest indicating fresh addition of long
positions in index futures. On the options front both call and put
options have seen writing suggesting the market to remain
within a range . Profit booking from the highs cannot be ignored
and with Fed meet scheduled for today evening;

Chennai Petro announced Q2 result :Net Profit Up 136.77% to Rs 230.26 Crores

There are expectations of a 25 basis point cut which we believe is not in the anvil. Forex hedging policy was liberated by RBI yesterday and this is indeed a blessing for all the IT companies and other exporters. Infosys is rumoured to announce billion dollar deals soon

We have a Range Bound view on Infosys . We recommend a Short Straddle strategy:
o Sell One Infosys Nov 1860 CA @ 72 - 74
o Sell One Infosys Nov 1860 PA @ 72 – 74
o UBEP: 2006
o LBEP: 1714
o SL: 190 (Total Premium)
o Investment: Rs.70,000 (Approx)
o Time Frame: 8-10 days
*UBEP: Upper break even point, LBEP: Lower break even point, SL: Stop Loss.


Reliance Buy 2755-2770 sl 2700 target 2900-2910 5-6 Days

Tuesday, October 30, 2007

For 30th October 07

Bias for market is Positive. High Volatility is expected on account of RBI policy meet.

Sensex target of 23,500 to 25,000 if we close above 20,000 today. We will bring in review of sector every day. Today we start with realty sector

We are long in Mtnl, Ongc, RPl,Rnrl

Today Levels for Members

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Monday, October 29, 2007

For 29th October 07

Markets are likely to open with a bang and likely to consolidate as the day progress. We are extremely bullish only above 20k.

Nifty Nov futures discount of 33.80 points converts into a
premium of 10.15 points. Futures shed 9 lakh shares in
open interest.
Nifty 5 600 put and5900 call have added 4 and 3.3 lakh shares
in open interestrespectively. The market is expected to open on positive note
today; traders are advised to assume long positions if Nifty
holds 5700 levels for upside targets of 5740 and 5780 levels.
Alternatively, they can assume long positions from the lower
supports of 5670 and 5650 levels.


Fed meeting on tuesday and wednesday is likely to set the trend for the US markets. Markets are expecting a 25 basis point cut. We think this is unlikely

Results today : ABG Shipyard,Bank Of India,Gitanjali, First Source,Hanung, HDFC, Hinduja TMT, M&M,Voltas, Titan, Time Techno,Vishal Retail

We have a Cautious ly Bullish view on RPL. We recommend a Protective Put strategy:
o Buy One RPL Nov Fut @ 199 - 201
o Buy One RPL Nov 200 PA @ 9.50 – 10.50
o BEP: 210
o Investment: Rs.2,00,000 (Approx)
o Time Frame: 8-10 days

SBI Buy Above 2100 sl 2070 t1 2155, t22175 1-2 Days
WE are positive on IT sector too

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Friday, October 26, 2007

For 26th October 07

Nifty Intraday Levels – 26.10.2007
support - 5500 5450
Resistances 5610 5660

Theme for the day - Sbi ,Reliance, Ongc,L&t,Tata Steel

It sector looking good to buy now ...........

Results today : BEL, BEML, Educomp, GVK Power,ICSA, Jyoti Structures, Kotak Bank, L&T,Lanco Infra,Tulip IT

KRBL(Rs.89.30) witnessed insider buying recently. Govt decision to roll back export ban on superior quality non-basmati rice will only add to positives

Many of the analysts are of the opinion that markets have already discounted SEBI's ruling and sensex should take off from here.There is nothing negative in the policy and thats the biggest positive for the markets. We are of the same opinion about markets discounting the ruling but we are susceptible on the take off. Investors are adviced to wait on the sidelines as today is also the first day of next month's F&O series.

Crude on the other hand moved up above $90

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Thursday, October 25, 2007

SEBI chairman Mr M. Damodaran informed that 20 P-Note issuing proprietary sub-accounts have expressed intent to convert into FII status

Results today : Action Constructions,BHEL, BILT, Cairns India,Cummins India,Idea Cellular,Peninsula Land, Redington, UTV Software

Prime Securities(Rs.114.85) mentioned many times in this section will shoot up towards 150. Stake sale is likely

IT companies like Mindtree, Mastek, KPIT Cummins are outstanding taking the strong rupee into consideration

Nifty...........
Today for only members

R Pack is still good
IT sectors one can buy here
Ongc is charged after a fall so look out

Wednesday, October 24, 2007

For 24th October 07

With 2 days to go for the expiry investors are adviced to excersie caution with F&O stocks at highs. Markets are likely to open with a gap up but then might die down soon with an event risk on 25th

Opening is to up,stay long abv 5420 sl 5370 tgt 5600-5650.sustain below 5365,sell with SL 5420 tgt 5280-5150

Power & Steel Stocks

Tatasteel,Sail,Ntpc,Tatapower,.......

Watch out for Reliance, Reliance energy, Rel Cap........

Banks looks good

Market will realise the potential soon. Mindtree and GSFC delivered outstanding numbers yesterday after market hours.

Suzlon(announced stock split)Results today : 3I Infotech,DR.Reddy,ENIL,Lupin,Marico,Nitco Tiles,Opto Circuits,Union Bank,Vijaya Bank


Better join to get calls online

Tuesday, October 23, 2007

For 23rd October 07

Watch - icici bank, Hpcl,MTNL ,R.COM ,VSNL :

Opening is flat,to up,buy only abv 5175 sl 5150 tgt 5250-5345.sustain below 5170,sell with SL 5185 tgt 5080-5000

Global Frieght costs(positive for Shipping stocks) have hit record high resulting in steep increase in Iron Ore,Coal and other commodity prices.

Tata tele applies for GSM services

Triveni, GE JV to make compressors. Long term positive for Triveni

MTNL(Rs.176.20) is likely to get re-rated soon. Target of 250 on cards.
Our subscribers might be holding the stock.

Monday, October 22, 2007

For 22nd October 07

Watch Bloodbath on Street !! BLACK MONDAY

Watch for 4850 & 16500

Just Sell Sell n Sell

Buy IT sector on dips

Rcom going 800 buy on dip

Except recovery later to some extent

just join us at Yahoo Messenger and get paid calls

Friday, October 19, 2007

For 19th October 07

Technically Looking very weak , Time Cycle indicates ..BloodBath !!!! if 5100 breaks....will take to 4850 level.


---Ready for FREEEEEEFALL-----
Airline stock.....

Midcaps to race ahead. Large caps to pause

Technology stocks are likely to be strong. As mentioned number of times in this section IT stocks will witness multi-million dollar deals. TCS bagged $1.2 billion deal from from Nielsen. Satyam is the dark horse in the IT sector.
Buy IT STOCK WIPRO , SATYAM ......

We have a volatile view on RPL. We recommend Long Strangle strategy:
o Buy One RPL Oct 180 CA @ 5.00 – 6.00
o Buy One RPL Oct 170 PA @ 4.00 – 5 .00
o UBEP: 190
o LBEP: 160
o SL: 6 (Total Premium)
o Investment: Rs.33,500 (Approx)

WWIL(Rs.38.75) is likely to move up further on the news of 74% FDI in cable.

Exit from Reliance on high opening today

Crude going to touch 90 soon
Bad for Auto , Avaition Sector Sell them on rise
Banks look weak in coming days

More details to our Subscribers +Yahoo Messenger Traders

Thursday, October 18, 2007

For 18th October 07

Opening is flat ,to up,remain long abv 5475 sl 5455 tgt 5750-5900.sustain below 5470,sell with SL 5498 tgt 5220-5120

We are not convinced by the pull back yesterday. Though we were negative on markets we never gave a short call. We strictly advise investors to avoid F&O segment for some time. Our Futures calls are relatively safer. Markets are likely to consolidate before the dip. Midcaps will outshine the large caps. Reliance Industries will declare the results today. Expectations of a stock split are running high.

Jai Corp(Rs.1,187.15) promoters are seen selling the stake. Stay away

Buy Hpcl , satyam, Tatapower

Yesterday said Don't Sell single share of RIL ...and in morning itself told to buy @ 2550 ,2640 level.....and now @ 2710.....hold and sell tomorow @ 2900 level !!


No Bonus -No Split......just Reliance will give 1:1 share of RGTIL company to share holers of RIL !!!

Wednesday, October 17, 2007

BLOOD PATH TODAY


Last week we mention abt FII going to remove money this week and see what will happen now
Yes ,Will slide to kiss 5540-5497 & there after expect free
fall to 5366 ,5323

Dollar to cross 40 mark which is good for IT Sector BUY them



Indian markets will continue to shine but only over a period of time. There might be a big rush to unwind positions in derivatives segment. We were extremely cautious and we are not supporting this bull ride beyond 17,000 and we suspected a price rigging in majority of the derivative stocks especially Reliance group stocks. SEBI should relax the norms for FII registration in the coming days to attract the new FII's again. Though the measures appear stringent we believe that it would protect the common investors from the Hedge Funds and FII's. Recently many Hedge funds took the route of the PNs for getting into the country. We need to see the intensity of the outflow now. It is definitely beyond our imagination. We definitely saw a bubble forming and this intervention will cool off things for better future. We expected a CRR rise but government is smart and swift to intiate action immediately.

Reliance Energy(1,904.40) has run up considerably above expectations. Watch for big dips


They will only save Indian Mkts,So in panic Buy whole R-Group stock

Reliance Industries
Buy This Stock in PANIC

Today support @ 2623,2594
(Buy around 2520 level & sell @ Rs.2850 very soon)

Tuesday, October 16, 2007

Market View – 16October 07

Liquidity and Euphoria driving bulls crazy

Look out For Sbi Icici Yes Bank.....
Bank Sector

Nifty opened on a strong note yesterday in spite of weak closing
on Friday’s trade. Nifty surged by 242 points, the highest ever
gain in a single trading session. The index closed almost at
day’s high after testing its life time high of 5682 levels. The
breadth of the market remained positive suggesting buying in
mid -cap and small-cap stocks as well. Nifty Oct futures have
seen closure of short positions while, Nov futures have
witnessed fresh build up of long positi ons. Nifty Nov futures
have added 13 lakh shares addition in open interest along with
the increase in premium to 17.55 points from 12.15 points. On
the options front Nifty Call options have seen closure of
positions while put options have seen fresh accumulation of
long positions indicating market to remain highly volatile in the
near term. The market is expected to open on a flat to positive
note today; traders are advised to assume long positions if Nifty
holds above 5650 levels for upside targets of 5710 and 5780
levels. Alternatively they m ay assume long positions from lower
supports of 5600 and 5560 levels with a final stop loss placed at
5450 levels.


Look out for PUNJLLOYD And TCS for upside

Mudra Lifestyle(Rs.83.55) is likely to hit a century on expectation of good Q2 numbers.


We have a moderately bullish view on SBI. We recommend Bull Call Spread strategy:
o Buy One SBI Oct 1980 CA @ 56.00-58.00
o Sell One SBI Oct 2040 CA @ 42.00-44.00
o BEP: 1994
o Tgt: 2040
o Investment: Rs.95,000 (Approx)
o Time Frame: 5-6 days


IDBI Buy 146-149 sl 142.05 for target 163-165 5-6 Days

Monday, October 15, 2007

फ़ॉर १५ ओक्त 2007

Opening is flat ,to down,buy abv 5455 sl 5435 tgt 5520-5610.sustain below 5450,sell with SL 5475 tgt 5400-5370.
Plz keep an eagle eye in coming days,anytime selling can disturb this tempo ॥stay alert, but very optimistic in downside,just wait for one more day

Market opened flat and remained under pressure from higher side due to profit booking and also due to short selling in some heavy weights from higher side।this selling is not a good indication for this rally as market couldn’t sustain in the higher side whenever it tried to go up।in coming days market is seems to be poised and hence a cautions is advisable।Keep exiting in every pull back as of now and keep cash in hand to buy in panic again.



REL.COMM : Major Hurdle 733.......if crosses with volumes will create allround buying and will take to 745 level.
Support exit at 710.....once breaks this level it will crash to kiss 699 level।



We have a moderately bullish view on Rcom. We recommend Bull Call Spread strategy:
o Buy One Rcom Oct 720 CA @ 42.00-44.00
o Sell One Rcom Oct 760 CA @ 32.00-34.00
o BEP: 730
o Tgt: 760
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 5-6 days
*BEP- Breakeven Point, Tgt- Target.

Friday, October 12, 2007

TRADING STRATEGY :12 th October'07

Watch out for Steel Sector all going to Bombard


Weak opening but buying seen

Reliance AGM to bring good news for market

RIL to soon get formal nod for KG gas price:After a delay of over four months, Reliance Industries is set to receive the formal approval from the government for its KG Basin gas pricing formula. The approval, which will pave the way for gas deals with customers, comes almost a month after the empowered group of ministers’ (EGoM) decision to price the gas at $ 4.2 per mmbtu


Nifty opened on a flat note yesterday and witnessed high
volatility in the first half of the trading session. However Nifty,
bounced back in the later half of the session after taking support
twice at 5425 levels. The index has breached and closed above
5500 levels for the first time ever. The breadth of the market
remained positive at 629:491 indicating buying continued in
mid -cap and small -cap stock as well. Nifty October futures have
witnessed accumulation of long positions; October futures have
added 12 lakh shares in open interest along with significant
increase in premium from 7.30 points to 20.20 points. On the
options front, Nifty 5600 call option had seen long accumulation
while, 5400 put option had witnessed writing suggesting fu rther
upsides in the markets. The market is expected to open on a flat
to positive note today; traders are advised to trade long as long
as Nifty holds above 5480 levels for upsides of 5530 and 5580
levels. Alternatively, long positions can be assumed from lower
support of 5425 levels with a final stop loss placed at 5380
levels.


Option

We have a moderately bullish view on Tata Steel. We recommend Bull Call Spread strategy:
o Buy One Tata Steel Oct 860 CA @ 34-36
o Sell One Tata Steel Oct 900 CA @ 23-25
o BEP: 871
o Tgt: 900
o Investment: Rs.1,40,000 (Approx)
o Time Frame: 5-6 days
.


Power Grid Buy 112 for target 120-122 3-4 days

Salora International(Rs.190.00) is expected to come out with good numbers. Watch for good gains

Kouton's Retail will be listing today on the bourses. The IPO has been subscribed 45.21 times. Watch out for all the listed retail plays today. DLF Ltd on Thursday announced its plan to raise upto $1.5 billion loan from the overseas market for executing its business plan and to pick up stake in DLF Asset's proposed IPO in Singapore

Infra Stocks had a field day yesterday with IVRCL, Nagarjuna Construtions, Akruti Nirman along with the media stocks like Adlabs(one more ADAG group company),TV Today and TV18. After IFCI its the turn of TFCI(Tourism Finance Corporation) to go for a stake sale soon

HDFC Bank,Tata Metalliks,Geojit Securities,Omnitech Info will be declaring results today. Omnitech might be the dark horse here.

Indian Markets are likely to display huge volatility. We advice traders to stay away from the market. Might be stereo type but we have to accept the run is terrific. Investors hang to the market. Have a great day.

Thursday, October 11, 2007

Trading guide for 11 October 07

WATCH Negative Divergence in RSI


Nifty continued the northward journey in yesterday’s trade too
as it opened on a strong note and registered yet another all time
high. However, the higher levels witnessed profit taking and
buying was w itnessed in the index heavy weights . The breadth
ended on a flat note at 577:565 implying mixed performances
across the board. Nifty Oct futures premium decreased
marginally to 7.30 points while the Nov futures has seen
addition of 2 lakh shares in open interest on the back of
decreasing cost of carry implying addition of speculative short
positions around the highs . On the options front put options
have seen long addition while calls have seen closure of short
positions suggesting caution around the highs . With Infosys
quarter results announcement pre-market; it is expected to have
a large bearing on the market direction. The markets are likely
to open on a positive note today; traders are advised to adopt
buy at dips strategy. Long positions may be assumed if Nifty
holds above 5500 levels. Else, trade in two ranges of 4360-
4440 and 4440-4500 levels .


We have a moderately bullish view on SBI. We recommend Bull Call Spread strategy:
o Buy One SBI Oct 1950 CA @ 78-80
o Sell One SBI Oct 2040 CA @ 58-60
o BEP: 1970
o Tgt: 2040
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 5-6 days

JUST GRAB RAJESH EXPRTS AND PANTALOON

Hero Honda Looks good for 100 rs target upside

INFOSYS TECHNOLO will go down from these level (C-2125.05): Looking Strong: Buy around 2109.0 Target1-2158, Target2-2191:Support1-2076-Support2-2027

Wednesday, October 10, 2007

For 10 October 07

BSE Sensex (C-18280.24) Resistance 18645 19005
BSE Sensex Support 17965 17600 16925
Nifty Future (C-5336.50) Resistance 5460 5580
Nifty Future Support 5240 5120 4900

Opening is flat,to gap up,stay long abv 5250 sl 5240 tgt 5450-5555.sustain below 5250,sell with SL 5268 tgt 5100-4930.

Fight for Mkt Cap to continue................!!!!
Reliance :Above 2625 will zoom to kiss 2689 ,2715 ................(From yesterday close of Rs.2610....another jump of Rs.50-75 on card )
Rel.Capital :Will zooom to kiss 1812 ,1831 & there after unexpected allround buying will start.
R.Energy :Above 1537.......No problem for Bulls.Stock will zoom to kiss Rs.1575 ,1587 .(Stoploss Rs.1525)
R.COM :Will zooooom to kiss 716 ,720 ...once crosses 720 with volumes will kiss Rs.743 level !!!!!!!!!!

Long Purvankara at 501 ( Futures) ans see the magic no sl

Watch out for Tech Mahindra(Rs.1,318.05) before the results.

Tuesday, October 9, 2007

Technical picks on 9th October 07

Update on GMR Infrastructure
CMP: 160
GMR Infra lost 0.75 percent last week on
back of decreased volumes. The 14-day
RSI is indicating limited downsides in the
stock in the coming sessions. The
weakness in the broader index, if any, could
force the stock to test its initiation range
of 160-164 in the coming sessions. Any
movement to the lower levels of 160-164
should be taken as an opportunity to
assume long positions in the stock.
Immediate resistance is placed at around
185 levels. A sustained close above that
level will induce fresh buying interest in
the stock which could help the stock to
test all-time high levels of 201.80. The 8-
day EMA level is placed at around 173
levels while the 50-day EMA level is placed
at around 160 levels. Investors are advised
to remain invested in the stock for a short
term target of 200. All long positions in
the stock should be protected with a stop
loss placed below 152 levels on a closing
basis.



Update on Idea
CMP: 131.85
As expected, renewed buying interest was
observed in Idea. The stock rose by 7.50
percent on the back of increased volumes
on a weekly basis indicating further
strength to prevail. The 14-day RSI is
indicating the downsides to be limited in
event of any sell-off in the broader index.
Our initial target of 135 was met last week.
We continue to recommend buy in the stock with a price
target of 145 in a short term scenario. The 8-day EMA
level is placed at around 129 levels while the 50-day EMA
level is placed at around 123 levels. Strong support for the
stock is placed at around 123 levels which is unlikely to be
pierced in the coming sessions. Any movement close to
lower levels of 126-128 should be taken as an opportunity
to assume long positions in the stock. All long positions
in the stock should be protected with a stop loss placed
below 123 levels on a closing basis

F&O guidance for the day

OPTION
We have a cautiously bullish view on Infosys . We recommend Synthetic Collar strategy:
o Buy One Infosys Oct fut @ 1988-1992
o Sell Two Infosys Oct 2130 CA @ 43-45
o Buy One Infosys Oct 1980 PA @ 76-80
o BEP: 1980
o Tgt: 2150
o Investment: Rs.1,00,000 (Approx)
o Time Frame: 7-8 days

FUTURE
ACC Sell 1130-1140 1152 1075-1080 3-4 Days



1.) SAIL: SAIL have witnessed closure of long position in yesterday’s trade; the stock futures have shed 4.30% in
open interest along with decrease in cost of carry from 9.44% to 5.57%. Short position can be assumed in the stock
in the range of 195-198 with a stop loss placed at 200 levels.
2.) Tata Steel: Tata Steel 5 lakh shares in open interest and turned into discount of Rs.1.5 points indicating
unwinding of long positions. The stock has closed below 800 mark for first time in last five trading session. Short
position can be assumed in stock with a final stop placed at 810 for downsides of 770 and 745 levels.
3.) STER: Sterlite Industries has shed 3% on yesterday trade on account of closure of long position. The stock has
shed close to 4.48% in open interest along with significant fall in cost of carry from -5.63% to -19.46%. The
resistances for the stock are placed at 750 and 765 levels while supports are at 720 and 705 levels.
4.) Infosys: Infosys witnessed positive close in spite of sell pressure in the market. Infosys has seen slight closure
of short position before it announces it Q2 results on Thursday. Long position can assumed in the stock if sustains
above 2000 levels for upsides of 2025 and 2050 levels.
5.) Reliance: Reliance Oct futures have seen no significant change in open interest. The stock has good support at
2390 levels. Long position can be assumed in stock in region of 2400-2410 with a stop loss placed at 2390 for
upside of 2435 and 2450 levels.
6.) SBI: SBI has shed 3.73% in open interest on the back of shrinking cost of carry implying long closure. Short
positions may be taken in the stock with a stop loss placed above 1800 levels for targets of 1680-1700 levels.
7.) ICICI Bank: ICICI Bank had witnessed a sharp run up in the recent sessions following which it witnessed profit
booking at the similar pace. It shed a whooping 7.80% of open interest in just yesterday’s trade. Short positions may
be taken in the stock from slightly higher levels with a stop loss placed above 1065 levels for lower targets of 980-
1000 levels.
8.) DLF: DLF witnessed sharp declines in yesterday’s trade and has shed 13.46% in open interest. Short positions
may be assumed in the stock below 835 levels for immediate targets of 790-800 levels with a stop loss placed above
850 levels.
9.) Hindalco: The entire metal pack had been witnessing selling pressure. Hindalco has witnessed addition of short
positions indicated by the increasing open interest on the back of negative cost of carry. Short positions may be
taken in the stock from 164-166 levels with a stop loss placed above 168 levels for downsides of 155-158 levels.
10.) M&M: M&M had witnessed closure of positions as it shed 4.27% in open interest. Short positions may be
assumed in the range of 730-735 levels for downside targets of 695-700 levels. The same shall be protected with a
stop loss placed above 750 levels.



Market View:
Nifty opened on a positive note yesterday following the strong
global cues . However, the index pared all its gains as it
witnessed immense selling pressure. The last hour saw some
amount of recovery but failed to sustain the 5100 mark and
closed below it. Selling pressure was seen across the board
indicated by weak market breadth at 134:1015. Nifty Nov
futures premium has converted into a discount 6 .90 points with
no significant change in open interest. Majority of stock futures
have seen unwinding of long positions; the total market open
interest has decreased by 5.34% along with decrease in
average cost of carry from 5.66% to 1.71%. On the options front
put options have seen short closure while calls have seen short
accumulation suggesting that selling may continue in the near
term . The markets are likely to open on a flat note today;
traders are advised to assume short positions if Nifty fails to
cross and hold above 5140 levels for targets of 5020 and 4980
levels. Alternatively, they may assume intraday long positions
above 5140 levels for targets of 5170 and 5220 levels

HOT NEWS

Reliance Industries Ltd
AGM :12th October
Stock Split on card......Stock will spurt by 100-200 before 12th October.(Support exist at 2396,2370 level...In panic buy this stock)


Telecom ,IT ,Refinery ....Looking Hot Buy them
IDEA, RCOM, BHARTI
New Telecom Policy will be out in day or two & major benefit to this stock

IT stocks which might be propelled from Infosys guidance.
HCL TECHNOLOGY BUY FOR 322 sl 309

Aksh Optic Fibres(Rs.63) is the next goldstone in the making with IPTV going great. It appears Reliance is eyeing stake in the same

JINDAL STEEL (C- 6693.3 ): Looking Strong: Buy around 6519.4 Target1-6989, Target2- 7284 Support1-6224-Support2-5754

ABAN LOYD CHILES (C- 3744.75): Looking Bullish: Buy around 3696.6 Target1- 3848, Target2-3951: Support1-3593-Support2-3442

Monday, October 8, 2007

TRADING STRATEGY :9th October'07

Note-More panic is not ruled out,Crucial support for short term is broken.But anytime buy from lower level is expected too.


Nifty Future Support & Resistances -09.10.2007
RES 1- 5215 RES 2- 5345 SUP 1 – 4990 SUP 2 -4895

Nifty Spot Weekly Support & Resistances
RES 1- 5300 RES 2- 54?? SUP 1 – 5035 SUP 2 -48??

Sensex Intraday Levels –09.10.2007
RES 1- 17875 RES 2- 18260 SUP 1 – 17210 SUP 2 -16935

Market View – 09.10.2007
Opening is flat,to down,buy only abv 5115 sl 5095 tgt 5185-5215.sustain below 5110,sell with SL 5128 tgt 5000-4990

Long term traders buy & hold this goldmine.
Mercatorline
INTRADAY CALL

INFOSYSTCH FUT +VE ABOVE -VE BELOW
CLOSE 1998 1990 1970

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