NLD - Market Outlook for 20-7-2007

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NIFTY: Prev, Close: 4562.10 Resistance@ 4485, 4600, 4620 Supports @ 4500,4450, 4420,4400, 4350, 4335, 4310, 4297-4300 TGT 4830+

SENSEX: Prev, Close: 15550.10 Supports@ 15300,15200,15000,14840, 14685, 14530, and Resistance @ 15680, 15720, 15800 TGT 15940

NIFTY Futures: Prev, Close: 4545.90

Buy Nifty Fut @ every declines with Sl below 4532 or Sell below 4525 Sl above 4534

Results Today: Satyam, Ambuja Cements, Cipla, Neyveli Lignite, UltraTechCement, Kirloskar Bros, Voltas, Exide Industrie, Jain Irrigation

Market Outlook: Markets are expected to open with a gap on positive side. As we said yesterday “From past two days selling at higher levels was to set panic in common people before some more points rally” – and we saw this happening. 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: Capital Goods run will just continue. Sugar expect some good bounce my picks remain Renuka and Balrampurchinni. Satyam , Suzlon, I-Flex, REL, Tata Steel, Bank of Baroda, Sail, Idea, PFC and Others Stocks to watch will be Cement Goods esp. Century Textiles, ACC. Infra stocks expected to do well after 2-4 days of sell off (wait 4 call before trading).

Market Rumors / Strategy: Buy nifty @ every decline , Don’t short today. People are starterd to talking about mandi on one-two fall only. We are heading for 15600-15800 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. WE said yesterday Past 2 days of 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 Past few day’s performance is the result of this mantra only.

3. Banks can do well there are huge rumors of CRR Cut. But, I don’t think so it is possible we may see some relief for property or house loan takers.

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.