Tuesday, December 11, 2007

FII buying slows down

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Today, Nifty has support at 5,908 and resistance at 6,039 and BSE Sensex has support at 19,773 and resistance at 20,278.The market is likely to open on a positive note tracking firm Asian markets in current trades and the gains in the US markets. The global crude oil prices trading near $88 and strong FII inflows may boost the market sentiment. Among the local , the Nifty could test 6,200 on the upside and may slip to 5,750 on the downside. The Sensex has a likely support at 19,300 and may face resistance at 21,000

Midcaps are flying across the board with new stocks joining them every day.Things continue to look bullish as the markets are in the hands of domestic operators and HNI's. Slowly getting into cash is not a bad idea
Breaking 20,000 appears to be a difficult task but it only a matter of days. A break will give us couple of thousand point rally in no time. Sugar, Hotels and Textiles are in the front seat in yesterday's midcap run.

Reliance likely to acquire a global retail chain

Alok Indutries jumped big time and we were bullish on this stock from last month

Alok Industries(Rs.91.25) is likely to shoot towards 125 levels. De-merger news is boosting the stock price.

HOT PICKS - RADICO KHAITAN,YES BANK,BILT,PVR

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