Calls :-) 19th June 2007

MANDI ( CORRECTION ) COMES LIKE A MONSTER...........

Nifty again takin supports at 4140 & next at 4100, we would again advise to use rallies & book profits. Now we would also give short sell calls. Till now we did not recomend any short sell calls but we would like to give now. Resistances are 4180 & 4210. For trenr reversal nifty needs to close above 4225 for 2 to 3 trading sessions.

Stock specific activity to continue.

Stocks which looks weak are Infosys, Ril, Tisco, Mtnl . Lnt , Sbi, Bpcl, Ipcl, Bharti, Hdfc Bank & Hdfc Ltd, Rcom, Tcs, Hero Honda

Sell if nifty spot starts trading below 4140 for few hrs.

Stocks which we recomend as positional calls can be added more in dips.

Good day ahead , Happy Investing

MARKET COMMENTRY : ( UPDATED IN LIVE MARKETS )

AS NIFTY UNABLE TO TRADE BELOW 4140 LVLS FOR THE DAY SO NO SELL CALLS TRIGGERED.

RELIANCE PACK LOOKS GOOD FOR SHORT TERM TRADING.

ENTIRE RELIANCE PACK LIKE RIL , REL CAP , RCOM , RPL, RNRL ROCKIN.................

BANKING STOCKS ROCKIN AS TOLD FEW DAYS BACK................

UNITECH AT 516 YESTERDAYS CALL TO BUY AT 500 AGAIN FOR TG 540

GULF OIL AT 1225 & ESSDEE AT 450

NIFTY EXACTLY IN TRADING RANGE OF 4140 & 4225. 2 OR 3 CLOSE ABV 4225 SPOT NIFTY LVLS WIL TAKE MARKETS TO NEW HIGHS. THE NIFTY STRUCTURE LOOKS AS THERE IS GOOD SHORT COVERING HAPPENING IN MARKETS. NJIFTY FUTURES DISCOUNT REDUCED TO JUST 3 PTS AS COMPARED TO SPOT NIFTY.