06th November'07

All Power stock will Blast

Recovery can be seen , 20,000 only should be considered as the sign of the Bull move. Technically we are likey to test 18.500 levels.
Watch Rcom, PUNJLLOYD

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For 5th November 07

The market is expected to open on a flat to positive note
today; trades are advised to trade long if Nifty holds above 5940
levels for immediate targets of 5980 and 6010 levels with a stop
loss placed below 5900 levels. Alternatively, they can assume
long positions from the lower supports of 5880 and 5820 levels.

On the options front Nifty call options have witnessed
buying while put options seen fresh short build up indicating
further upsides in the market; Nifty 5500 put option has seen
highes t addition in open interest at 2.4 lakh shares on short
side.

As indicated in earlier reviews there is no reason for this rally except for few stocks like Reliance Petro(expensive at current prices) and Reliance Communications.

If fail to close above 20k then we would might see 18800 level in near term

Rcom is likely to touch 1020 ,as it is planning to enter into GSM which is a positive trigger

View on RPL. We recommend a Collar strategy:
o Buy One RPL Nov Fut @ 270-274
o Buy One RPL Nov 270 PA @ 18-20
o Sell One RPL Nov 290 CA @ 18-20
o BEP: 272
o Tgt: 290
o Investment: Rs.5,00,000 (Approx)
o Time Frame: 5-6 days

IDBI Buy 155-157 sl 150 for 165-167 2-3 Days
RCom Buy 777-782 sl 770 for 808-810 3-4 Days

Delivery
Buy HIMACHLFUT for three figures
Buy Nocil ltd for Rs 70

For 2nd November 07

NIFTY FUTURE : Yesterday as forecasted it kissed 6000 level & crashed !!!

Below 5690 will kiss 5585 but we do not see panic
Telecom spectrum proposal will be a blow to Bharti while Reliance Communications is likely to take a huge advantage of the same


BUY Aptech Today in PANIC it can slide to kiss 340-334

Reliance Petro(Rs.261.20) is looking is likely to dip to 230 levels. Technically looking weak


Buy IT sector looks good in dips

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For 1st November 07

Be Selective & Dont Trade Blindly

Fed in order to curb recession went for a 25 basis point cut but not before hinting there will not be further cut soon.

Nifty 6000 levels ??
Opening will open up,stay long abv 5955 sl 5912 tgt 5980-6050.

We expect the Sensex to breach and close above 20k today. Hold tight for windfall gains

AS mentioned Earlier Crude going for 100$ see now where is it

Global Funds started feeling the heat in china and there is a huge probability that these funds will rush to the Indian Markets. Power, Infrastructure,Fertilizers and Financial Services took the major pie of the rally.

Ongc to fire.......

Power Sector: Charged up


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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

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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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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