Calls :-) 23nd July, 2007

MARKETS GOING HIGHER & HIGHER , BUT EVERYONE ASKING WHERE WIL IT TAKE THE HALT ???????????????

THE ANSWER TO THIS QUESTION IS VERY SIMPLE THAT IF I AM HAVING THE MONEY THEN IF I LIKE THE STOCKS AT CMP THEN I WIL GO ON BUYING & BUYING & THIS IS THE SCENARIO HAPPENING IN THE MARKETS IN INDIAN & WORLD MARKETS. THERE IS ENOUGH LIQUIDITY IN THE MARKETS & MORE MONEY IS BEING INFUSED IN THE MARKETS ALL AROUND. IT WIL HALT IF PROFITS BOOKING STARTSSSSSSSS. LET WAIT FOR THE CLEAR PICTURE & TAKE A CAUTIOUS VIEW AT ALL TIME HIGH LEVELS.

NIFTY CLOSED AT 4566 AFTER TOUCHING 4600 LVLS. A HEALTHY PROFIT BOOKING WAS SEEN AT THIS LEVELS.
SUPPORTS FOR THE DAY ARE : 4550 ( 15500 ) , 4525 ( 15420 )
RESISTANCES ARE : 4590 ( 15650 ) , 4620 ( 15750 )

WE EXPECT THERE WOULD BE SOME PROFIT BOOKING TODAY & ALSO THE GLOBAL MARKETS ENDED WEAKER.

THERE WILL SOME MOVEMENTS IN RELIANCE PACK.

GOOD DAY AHEAD, HAPPY INVESTING

BOOK PROFITS IN OUT IT STOCKS CALLS LIKE INFOSYS, TCS ETC AS WE EXPECT THE DOLLAR TO WEAKEN MORE.

SOME OTHER UPDATES :

RESULTS TODAY: Dabur (ENP Rs 0.61bn, up 29%), M&M Financial, Century Enka, Century Textiles, Manugraph, CBOP, Dr Reddy (ENP Rs 1.26bn, down 7%), Sun Pharma (ENP Rs 2.42bn, up 37%), Apollo Hospital, Jindal Stainless, Siemens (ENP Rs 0.89bn, up 57%), Union Bank (ENP Rs 2.32bn, up 39%), Rolta, Emco, Venus Remedies, Omax Auto.

EX-DIVIDEND TODAY : Allsec Technologies (Rs 5), Bhagiradha Chemicals (Rs 2.5), Blue Star (Rs 0.6), Cholamandalam DBS Finance (Rs 4), Cosmo Films (Rs 4), Ess Dee Aluminium (Rs 2), ICRA (Rs 4.5), Jaiprakash Associates (Rs 1.5), Kewal Kiran Clothing (Rs 2.5), Motherson Sumi Systems (Rs 1.5), Northgate Technolgies (Rs 4), Rain Calcining (Rs 1), Sun TV Network (Rs 2), Tata Tea (Rs 15) and Transwarranty Finanace (Rs 10).

Sun TV Network (Rs 5 paid up, 1:2) to trade ex-split and (1:1) ex-bonus today.

Housing Development & Infrastructure (HDIL) to list shares from tomorrow, July 24th. IPO was at Rs 500 per share and it is expected to list at Rs 525 per share.