Calls :-) 19th July 2007

WHAT A RIDE IN NIFTY -------------------->

NIFTY AFTER TESTING 4450 BOUNCED BACK SHARPLY TO 4500 LVLS & CLOSED AT THE SAME LEVEL. A HIGHLY VOLATILE SESSION WAS NOTICED AS MAINLY SUPPORTED BY DLF. DLF HAS MOVED FROM 9TH POSITION IN MARKET CAP TO 6TH POSITION. OUR DLF CALL WAS INITIATED AT 550 LVLS ON THE LISTING DATE & YESTERDAY IT TOUCH 650 LVLS. OUT SHORT TERM TG IS 700.

NIFTY VIEW : 4500

BE CAUTIOUS & STOCK SPECIFIC

INTRA DAY SUPPORTS : 4480 , 4450
INTRA DAY REISITANCES : 4525 , 4545
( ALL NIFTY SPOT LVLS , ADJUST F & O LVLS AS PER PREMIUM & DISCOUNTS )

F&O POSITION BLOCKED :-IDBI, IFCI, GMR INFRA, JP HYDRO, TTML, NAGARJUNA FERT, BRFL.

CONTRA CALL :

BUY AUTO STOCKS.

MARKETS ARE AT THE PEAK ANY FALL FROM CURRENT LEVELS WILL FIRST ERODE PROFITS & THEN CAPITAL OF RETAIL INVESTORS / TRADERS AS THEY HAVE A TENDENCY NOT TO BOOK PROFITS.

INTRA DAY SELL IDBI CMP 115 SL 118 TG 110 - 105

GOOD DAY AHEAD, HAPPY INVESTING

Results today: ACC (Rs 3.69bn, up 25%), Shree Cement (Rs 1bn, up 11%), Ranbaxy (Rs 1.9bn, up 58%), Lupin (Rs 0.98bn, up 82%), Tech Mahindra (Rs 1.69bn, down 14%), L&T(Rs 2.5bn, up 59%), Ashok Leyland (ENP Rs 0.8bn, up 6%), Great Offshore (ENP Rs 0.33bn), Novartis, Orchid Chemical, DLF, Unichem Lab, Kirloskar Oil, SKF, Aban Offshore, Micro Inks, Essel Propack, CCL Products, ICI, SBBJ, Trent

Banco Products (I) (Rs 1.5), Batliboi (Rs 2), Bharat Forge Co. (Rs 3.5), Cummins (I) (Rs 2), Elnet Technologies (Rs 1.8), Everest Industries (Rs 4), Excel Crop Care (Rs 3.75), GHCL (Rs 2.7), GIC Housing Finance (Rs 3), GTN Industries (Rs 0.9), Gwalior Chemicals (Rs 0.75), Hawkins Cookers (Rs 7), Hyderabad Industries (Rs 5), Indian Hume (Rs 6), Investment & Precision Castings (Rs 2.3), J J Exporters (Rs 2), JRG Securities (Rs 1.5), Khaitan Chemicals (Rs 1.8), Munjal Showa (Rs 2), NRB Bearings (Rs 1.3), Repro India (Rs 2), Shree Ashthvinayak Cine Vision (Rs 1.2), Srinivasa Shipping & Property Development (Rs 2), Stovec (Rs 2.2), Subex Azure (Rs 2), Taj GVK Hotels (Rs 3), Triton Valves (Rs 10) and Wires & Fabriks (Rs 1.5) to trade ex-dividned today.

Spice Communication (SPCM IN) to list today on BSE. It is expected to list at around Rs 56 v/s Rs 46 per share issue price

MARKET COMMENTRY ( UPDATED IN LIVE MARKETS )

VIP INDS CLOSE TO ACHIEVE TG OF 140 RECEOMENDED @ 115 LAST WEEK.

DCB CMP @ 120 TG 130 RECOMENDED @ 108.

JBF INDUSTRIES CMP @ 160 TG ACHIEVED REVISED TG 174 RECOMENDED @ 145 LVLS.

OUR CONTRA CALLS ROCKING : IT STOCKS INFOSYS 1990 , TCS 1175 & TECH MAHINDRA 1510

ALSO AUTO STOCKS ARE IN MOMEMTUM SINCE LAST MANY DAYS.

RELIANCE PACK OUTPERFORMING MARKETS. RIL 1875, REL CAP 1180, RCOM 580, RPL 116, RNRL 43.

MORNING CALL GIVEN TO PRIVATE CLIENTS :

CELEBRITY FASHIONS @ 78 SL 70 TG 90 ( INTRA DAY ) ACHIEVEDDDDDDDDDDDDDDDDDDDDD

DELIVERY TG 100+ SHORT TERM

POST CLOSING MARKET UPDATES :

ONLY RELIANCE PACK OUTPERFORMED THE MARKETS ( REFER OUR YESTERDAYS CALL & ALSO WE ARE RECOMENDING SINCE LAST ONE MONTH OR SO. PLS CHESK PREVIOUS POSTS )

RELIANCE INDS HITS 1925, REL CAP HITS 1185, RCOM 587, RPL 118, RNRL 43.5.

IT & SOFTWARE LARGIES SAW FROM FRESH VALUE BUYING. INFOSYS , TCS GAINED WHILE TECH MAHINDRA LOST ON ACCOUNT OF RESULTS.

AUTO STOCKS OUR ANOTHER CONTRA CALL WHICH WE ARE ASKING OUR CLIENTS TO BUY HAS ALSO GAINED MNM, TELCO, BAJAJ AUTO.

GOOD DAY, HAPPY INVESTING