NLD for 26-6-2007

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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: 4259.40 Resistance@ 4270 , 4280-85 Supports @ 4220, 4210, 4200, 4185, 4170.TGT 4500 or 3980 (This Rally TGT)

SENSEX: Prev, Close: 14487.72 Supports@ 14300, 14200,14105, 14000, 13880 and Resistance @14550, 14685,14720 TGT 15200 or 13800 (This Rally TGT)

NIFTY Futures: Prev, Close: 4242.40

Buy Nifty Fut @ every declines with Sl below 4210 or Sell below 4203 Sl above 4210 or if open with gap buy above 4256 sl below 4248

Market Outlook: Markets are expected to open with gap on positive side, shorters are looking move above 4270 to cover their shorts, Reliance has seen good buying yesterday but can’t break its range of 1710-1714 above 1720 it will takes markets along with to news highs. Reliance looking very good after declines in past 2-3 trading session.

Stock to Watch out: Reliance Pack ( Reliance Ind, Capital, Communications, Energy, Adlabs)

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 : IThere is still huge short position lying in market which somehow has to cover before expiry and that can only result in all time high. My Stupid logic says here there will be some surprise for bears. Bulls are ready to fire and something is cooking in Reliance Pack. Before DLF Listing Reliance Pack is expected to show their strong market presence. Hence, I m again repeating be ready to see some real fireworks before Expiry. My stupid logic says we recovered Today Afternoon @ around 2 and we will remain positive till Thursday around 2 which will show all time high. Nifty 4500 coming.

Kindly wait for First 5 – 10 mins before buying or selling anything

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