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 !!!

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)

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

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.

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.

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

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.