NLD 18-5-2007
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NIFTY: Prev, Close: 4141 Resistance@ 4180 – 4185 , 4200, 4220 and Supports @ 4130, 4120 4110, 4100, 4090, and 4070.TGT 4500 or 3980 (This Rally TGT)
SENSEX: Prev, Close: 14162.70 Supports@ 14000, 13880, 13800 and Resistance @, 14275,14320, 14500 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 sell off in last hour expecting black Monday of 1000 points down. Rumors come and go don’t follow them else u cant earn
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. (still repeating) Plus ONGC with sl of 880 cmp 885 , Suzlon are looking too hot.---- Stock to watch can be taken again on 18-6-2007 with 0.5% sl
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. There is a huge war going in market between bears and bulls. So don’t remain short buy @ declines.
Stupid Logic : I hope all had seen CDBT declared on Friday after market close. If you all take this CDBT seriously then today 1000k downfall or circuit is possible. But let me clarify you don’t go with what CDBT is saying track what Mr. Chidambaram is saying and there is no chance of repeating what we repeated in Last May. Still people are in Mandi, so its very very good chance to market to recover. Again channel war rising. NDTV is now positive and CNBC on negative side.and once again repeating 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 (3066) sl below 3035, ABB,Titan, Rajesh Expo, Reliance Capital Divis Lab , and
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