Stock Markets views and Nifty views for 16th December 2008

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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 spot @ 2981.20
and Nifty fut @ 2981

Nifty major support and hope for bulls is 2947 close below 2947 is sign of reversal

Below 2947 bears have full control

on other side this rally can continue upto 3150 max

so now u have to decide which side u want to be on.

Stock Calls:

Sell short relinfra sl 677 tgt is a huge fall.

Buy ICICI bank 400 pa

Buy nifty 2900 pe

Buy reliance 1290 pa

Short nifty below 2947 sl 2966 tgt 2920 / 2890

Regards,
Kunal Shah