News Letter for 16-6-2007
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This publication has been prepared solely for information purpose and does not constitute an offer or a solicitation to any person to buy or sell a security. While the information contained therein has been obtained from sources believed to be reliable, investors are advised to satisfy themselves before making any investments. I do not bear any responsibility for the authentication of the information contained in the post & consequently,are not liable for any decisions taken based on the same. Further, My reports only provide information updates and analysis.
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NIFTY: Prev, Close: 4170 Resistance@ 4180 – 4185 , 4200, 4220 and Supports @ 4140, 4120 4110, 4100, 4090, and 4070.TGT 4500 or 3980 (This Rally TGT)
SENSEX: Prev, Close: 14203.70 Supports@ 14000, 13880, 13800 and Resistance @, 14300, 14375 TGT 15200 or 13800 (This Rally TGT)
Market Outlook: Market is expected to Open with a gap on positive side. US markets continued its way to upside. Yesterday we saw 50% bears crying and today another 50% coming so another murderr day for bear. Inflation can be last hope for bear which can see more upside
Stock to Watch out: Reliance, Acc, Parsvnath, Maruti, Tata Motors, ABB, Bhel, M&M, BEL All Capital Goods Stock which took beating is expected to bounce back this week. Again Repeating Banks is ready to do wonder again CRR hike rumors went wrong. So now no one will listen to CRR News again. (still repeating) Plus ONGC with sl of 880 cmp 885 , Suzlon are looking too hot.
Nifty Fut move above 4180-4185 will make shorters unhealthy nifty expected to touch 4218 and 4297 this week. Below 4090 we may see downside limited to 4050 - 4040 – 4020 and max 3980. But this week downside is very very limited and upside will be more. (nifty fut 4185 concern remains)
Market Rumors / Strategy: Don’t Remain Short or be ready to see stars in the day. Operator wanted small players to exit in stocks Before DLF issue gets over and that’s why they have kept All capital good down. And we already had seen yesterday . DLF issue is over and now reliance operator knows how much they have to appreciate their share before DLF gets listed
Stupid Logic(repeating): My Logic why we won’t see red. Reliance is BAAP of all Indian stock. There is a buzz in market Reliance GAS will be pass by petroleum minister and expecting huge run in Reliance. And as yesterday mentioned Story of Reliance v/s DLF. I wont be surprise if Mr. Anil Ambani also joins Mr. Mukesh Ambani against DLF. So only Reliance pack can also make market rocking . And 90% of people exited in panic yesterday . so be ready to see more upside and upside.
Kindly wait for First 5 – 10 mins before buying or selling anything
Hottest Pick(for intraday with 1%SL): Amtek Auto, Aban, ABB, Divis Lab ,Sterlite Optical and
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Disclaimer : Trade -Profit has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, Trade-Profit does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Trade-Profit especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letter or website. You are responsible for your own investment decisions. Trade-Profit will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information.
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