Calls :-) 2 August , 2007

A SHARP DECLINE NEEDS A GREAT HEART TO SWALLOW

A BLOCKBUSTER HITS MARKETS IN THE FORM OF A SELL OFF & PANIC SELLING ALL ROUND. SENSEX WAS JUST DOWN BY 600 ODD MORE POINTS. ONE OF THE LARGEST IN MARKETS HISTORY. GLOBAL FACTORS TEMPERING THE MOMEMTUM FOR MORE DETAILS READ HERE http://alliesfin.blogspot.com/2007/08/calls-1st-august-2007_1038.html.

ALSO F & O POSITIONS TOO HIGH WHICH IN ONE OF THE REASON FOR THE SELL OFF, I WOULD LIKE TO ADVISE THE READERS THT IF U KNOW WHT DERIVATIVES IS THEN ONLY PLAY IN THT ELSE U NEED TO HAVE A BIG LION HEART & BIG POCKECTS TO RESIST THT.

ANYWAYS LETS TALK ABOUT WHT TO HAPPEN TODAY :

MARKETS ARE LIKELY TO BOUNCE FROM 4300 NIFTY & 14800 FOR SENSEX , ALSO THE GLOBAL MARKETS WERE STABLE & WE HAD MENTIONED THIS YESTERDAY THT MARKETS TO BOUNCE FROM HERE.

NIFTY CLOSED @ 4345
SUPPORTS : 4335 & 4300
RESISTANCES 4365 , 4400 & 4440.

WE EXPECT THE MARKETS TO BOUNCE FROM THESE LEVELS & VALUE BUYING CAN BE DONE FOR IMMEDIATE SHORT TERM FOR QUICK GAINS.

WE WOULD LIKE TO REPEAT TO BET ON RELIANCE PACK & ENGINEERING STOCKS.

MORE STOCK SPECIFIC VIEWS FOR OUR PCG ( PRIVATE CLIENT GROUP )

GOOD DAY , HAPPY INVESTING