Market Outlook (NLD) for 18-7-2007
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NIFTY: Prev, Close: 4496.75 Resistance@ 4525-4430, 4450, 4600 Supports @ 4250, 4420,4400, 4350, 4335, 4310, 4297-4300 TGT 4500
SENSEX: Prev, Close: 15239.40 Supports@ 15000,14840, 14685, 14530, and Resistance @ 15310, 15350, 15400 TGT 15600
NIFTY Futures: Prev, Close: 4485.00
Buy Nifty Fut @ every declines with Sl below 4474- 4472 or Sell below 4470 Sl above 4475
Results Today: Wipro, Reliance Energy, IDBI, Reliance Natura, Anant Raj Ind, Biocon, Tanla Solutions, Hexaware Tech, Infotech Enter
Market Outlook: Markets are expected to open flat and on negative side. Yesterday selling at higher levels was to set panic in common people before some more points rally. We may see more upside coming but be cautious at higher level we may see some surprise sell off. Overall another positive day for intra day trading. Midcaps are the things one can bravely invest.
Stock to Watch out: Capital Goods run will just continue. Sugar expect some good bounce. Reliance gone above 1800 levels which is good sign. We can always expect profit booking in reliance Industries and Reliance Capital came back again from 1200 levels which is very cructial. Satyam is looking good in IT pack. and Others Stocks to watch will be Cement Goods esp. Century Textiles. Infra stocks except GMR expected to do well. GMR remains short candidate for TGT of 850 - 832- 805
Market Rumors / Strategy: Buy nifty @ every decline , Don’t short today. People are starterd to talking about mandi on one fall only. We are heading for 15600 pretty soon.. So don’t worry and be ready to buy @ declines.
Stupid Logic : 1. Property Stocks and Infra stocks will role more as govt. is very keen to bring back loan borrowers. CRR rate cut is expected. Banks will be stock to watch out for. See Inflation figures up from last 2 week and people again started inflation too up and expected RBI to raise CRR. RBI CRR raise rumor always goes on but wont come.
2. Yesterday sell off was expected as to make common people panic so they sell their stocks and rally continues. Remember one thing when people are selling we will buy and when they are buying we will sell. Our Yesterday’s performance is the result of this mantra only.
Kindly wait for First 5 – 10 mins before buying or selling anything
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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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