NLD For 24th July 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: 4619.35 Resistance@ 4610, 4650, 4680-85 Supports @ 4580, 4550,4520 TGT 4830+ or 4240
SENSEX: Prev, Close: 15732.20 Supports@ 15625, 15550, 15380, 15200, and Resistance @ 15800, 15880 TGT 15940 or near 15000
NIFTY Futures: Prev, Close: 4606.70
Buy Nifty Fut @ every declines with Sl below 4494 or Sell below 4490 Sl above 4495
Results Today: Idea Cellular, Hind Zinc, Kotak Mahindra, Indiabulls, Hero Honda, JSW Steel, Britannia, Pidilite Ind, GVK Power
Market Outlook: Markets are expected to open with a gap on positive side. Selling pressure will be expected at higher levels, caution is required. This markets are to buy @ declines and Sell at every higher levels. We may see more upside coming but be cautious at higher level we may see some surprise sell off. Trade for intraday, 2-3 days or weekly but don’t overtrade. Trade with 25% of your capital keep balance 75% in your hand. One more positive day for intra day trading coming. Midcaps are the things one can bravely invest.
Stock to Watch out: ABB, Bhel, ONGC, Voltas, Tata Steel and Jsw Steel.
Market Rumors / Strategy: Buy nifty @ every decline , Don’t short today atleast at opening . People are starterd to talking about mandi on one-two fall only, but they don’t know this is called volatility not mandi. We are heading for 15600-15800 pretty soon.. So don’t worry and be ready to buy @ declines.
Stupid Logic : We may see market movements exactly opposite to last week. And I still feel this is a trap for all short players people are buying and buying at any levels. Surprise fall can surprise everyone. Its better to do hedging. We will buy put if we are long in Stocks. And we will buy call if we are short in stocks. People @ every rise are buying more and more, and at every declines are selling more and more. They are scared to short @ higher levels and will short @ lower levels and get trapped. Same in case of buying, when market falls they wont buy and will just buy @ higher levels and will get trapped. Remember our Mantra to be successful in marker : Buy when people are selling and sell when people are buying it will result in 100% success.
Kindly wait for First 5 – 10 mins before buying or selling anything
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Good Luck,
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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