NLD 11-7-2007
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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: 4406.05 Resistance@ 4425-4430,4450 Supports @ 4380-85, 4350, 4335, 4310, 4297-4300 TGT 4500
SENSEX: Prev, Close: 15009.88 Supports@ 14950,14840, 14685, 14530, and Resistance @ 15000, 15100, 15140 TGT 15200
NIFTY Futures: Prev, Close: 4392.90
Buy Nifty Fut @ every declines with Sl below 4374 or Sell below 4370 Sl above 4375
Market Outlook: Markets are expected to open wig gap on positive side and ignore will global cue. Infosys as expected again surprised the markets, now bears short more. If market sustained above 15040 as mentioned yesterday now moving for 15200, Time to Start booking profits if not full then also book 50% of your long term investments, and keep some cash in hand. Enter in stocks for very short term only. Don’t make Fresh Long Term Investment now. Midcaps are the things one can bravely invest.
Stock to Watch out: IT Pack after infosys results expected to make a huge comeback.
Market Rumors / Strategy: Buy nifty @ every decline , people are starterd to talking about 16000 and all which can be dangerous for market, I will recommend to exit your longs atleast once @ 15200 -15250 market may also touch 15300 but then suddent downfall can always surprise all of us. So better to trade very carefully as markets are too high.
Stupid Logic : After Infosys proved who is baap on IT industry in this market. Watch out I-Flex and Satyam to show some surprise like this in their result. 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.
Kindly wait for First 5 – 10 mins before buying or selling anything
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