MARKETS ZOOMING AS EXPECTEDDDDDDDDDDDD
YESTERDAY IN OUR CALLS WE HAD MENTIONED ABOUT THE BOUNCE BACK IN MARKETS FROM 15100 LEVELS & EXACTLY THE SAME THING HAPPENED Calls :-) 30th July, 2007, SENSEX BOUNCED FROM 15135 LVLS JUST 35 POINTS ABV OUR SUPPORT & NOW TRADING AT 15450 TODAY JUST 350 POINTS JUMP FROM OUR SUPPORTS.
TODAY WE WERE WAITING FOR THE RBI POLICY IN MARKETS & IT CAME IN THE EXPECTED LINES , AN HIKE OF 0.50 BPS FROM 6.5% TO 7 % , THIS IS MAINLY DONE TO REMOVE THE EXCESS LIQUIDITY IN THE MARKETS.
A GLIMPSE OF RBI POLICY :-)
RBI Policy: Removes Rs 3000 crore reverse repo cap from Aug 6
RBI Policy: Keeping inflation within 5% FY08 assumes priority
RBI policy reiterates 4-4.5% medium-term inflation aim
RBI Policy: Monetary stance spelt out in Apr retained
RBI Policy: Headline inflation has turned benign
RBI Policy: No second reverse repo, repo auctions from Aug 6
RBI Policy: Outlook for FY08 inflation remains unchanged
RBI Policy: Higher priority for managing "appropriate" liquidity
RBI Policy: Banks, cos must ensure currency, rate hedging plans
RBI Policy: Hedge funds pose significant risks to mkts
RBI Policy: Need to be watchful of commodity, oil prices
RBI Policy: Prospects for FY08 GDP growth appear positive
RBI Policy: Inflation pressures seen from liquidity, high credit
FOR MARKETS TO GLOOM AGAIN IT NEED TO CLOSE ABV 15500 & NIFTY ABV 4520 FOR 2 TO 3 DAYS THEN WE CAN SEE AGAIN 16200 - 16400 LVLS.
A GLOBAL FALL WAS ON ACCOUNT OF YEN APPRECIATION AGAINST DOLLAR WHICH LEAD TO SEE SOME PROFIT BOOKING ACROSS WORLD MARKETS.
YESTERDAY WE HAD ASKED TO BET ON RELIANCE PACK & ENGINEERING STOCKS ALL THESE STOCKS HAD RALLIED BY AROUND 3 - 4 % ON AN AVG.
OUR CALLS WHICH RALLIED IN NEAR TERM IS EDUCOMP WHICH WE HAD ASKED NOT TO BOOK PROFITS. WE HAD RECOMENDED @ 2250 LVLS CMP 2625 & STILL MORE TO COME. JUST 15 % & ABV RETURNS IN 10 TRADING SESSIONS. BUT THE FACT WHICH I HAVE COME ACCROSS IS THT PEOPLE CANT EVEN WAIT FOR 10 TO 15 DAYS FOR SUCH GAINS. THIS IS INDIAN MENTALITY & THATS Y INDIAN RETAILERS CANNOT MAKE BIG MONIES LIKE FII'S DO , I DO FEEL PITTY FOR THEM , GOD BLESS THEM..........
WE HAD ASKED TO ACCUMULATE WHIRLPOOL @ 40, AMAR REMEDIES @ 34, FSL @ 80 & DISH TV @ 81 , IDFC @ 130, IDEA @ 126 & MANY MORE.
FOR SHORT SPAN OF TIME METAL STOCKS LOOKS +VE WHILE BANKING & PROPERTY STOCKS WIL SEE SOME PRESSURES. BUT WHO KNOWS AS LIQUIDITY FROM FII & MUTUAL FUNDS DRIVING THE MARKETS AS VALUE BUYING HAPPENING EVERYWHERE SO MAKE TREND UR FRIEND.
LOT MORE TO WRITE BUT TIME DO NOT PERMIT ALWAYS.
GOOD DAY , HAPPY INVESTING
POST CLOSING UPDATES :
MARKETS MANAGED TO CLOSE ABV 15500 LVLS & CLOSED @ 15550 WHILE NIFTY ABV 4520 & CLOSED @ 4529 LVLS. THIS IS +VE FOR MARKETS & MOMEMTUM HAS BECOME +VE.
A TIMELY ENTRY / EXIT WITH THE HELP OF CHARTS , TECHNICAL ANALYSIS MAKES US ALERT B4 THE EVENT HAPPENS. THX TO THEM & ALL OF ABV GODS GRACE TOO WITHOUT WHICH NOTING IS POSSIBLE.
LET ME SHOW THE PICTORIAL VIEW OF OUR CHARTS THT Y WE WERE TELLING 101 %%%%%%%%%%%%%% BOUNCE IN THE MARKETS :-)
ITS ALWAYS BENEFITED IF U R A PAID CLIENTS OF OURS SO WHAT R U WAITING FOR JOIN US SOON. FOR DETAILS OF OUR PACKAGE VISIT : http://alliesfin.blogspot.com/2007/05/payment-details.html
HAPPY INVESTING , GOOD DAY AHEAD.
