NLD for 12-7-2007

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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: 4387.15 Resistance@ 4425-4430,4450 Supports @ 4350, 4335, 4310, 4297-4300 TGT 4500

SENSEX: Prev, Close: 14910.60 Supports@ 4840, 14685, 14530, and Resistance @ 15000, 15100, 15140 TGT 15200

NIFTY Futures: Prev, Close: 4382.20

Buy Nifty Fut @ every declines with Sl below 4374 or Sell below 4370 Sl above 4375

Market Outlook: Markets are expected to open with gap on positive side. Today after yesterday sell of in infosys we may see some good buying. Overall should be good positive day for intra day trading. Midcaps are the things one can bravely invest.

Stock to Watch out: IT Pack after infosys results expected to make a huge comeback. Infosys results were good their guidance is lil bad. But in this dollar situation It was expected nothing new. Some people are making more Issue and telling infosys results are not good. And Others Stocks to watch will be Capital Goods.

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. But still 15200 -15300 has 400 points rally. So don’t worry.

Stupid Logic : After Infosys proved who is baap on IT industry in this market, results are good only Guidance provide by them is not tat good. But still IT pack will remain in Buy f 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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