Market View 22 August , 2007

MOMEMTUM BUYING WIL HAPPEN

INDIAN MARKERTS ARE UNDEPERFORMING OTHER MARKETS SO WE WIL SOME MOMEMTUM BUYIN HAPPENING THERE.

NIFTY VIEW :
CLOSE : 4075
SUPPORTS : 4040 , 4000
REISISTANCES : 4125, 4140 & 4200

WE EXPECT THE MARKETS TO OPEN UP & REMAIN +VE FOR THE DAY.

STOCKS TO WATCH FOR SHORT TERM TRADES ARE

ORBIT CORP : BUY @ 410 SL 395 TG 425 , 440 , 465 INTRA DAY

ZYLOG SYSTEMS : BUY @ 425 SL 410 TG 440, 455, 470 INTRA DAY

GREMACH : BUY @ 176 SL 172 TG 181 INTRA DAY

OTHER DELIVERY BUYS IN LARGIES ARE :

RELIANCE PACK
ENGG STOCKS : LNT, ABB ETC.....
BANKING STOCKS : SBI, ICICI ETC.....

GOOD DAY , HAPPY INVESTING

POST CLOSING UPDATES :-)

AS STATED IN MORNING MOMEMTUM BUYING HAPPENED IN MARKETS AFTER WITNESSING A HIGHLY VOLATILE SESSION & ALSO MARKET ENDED POSITIVE WITH MORE THEN 260+ POINTS & CLOSED @ 14250 LVLS & NIFTY CLOSED @ 4153 UP 78 POINTS ABV OUR RESISTANCE OF 4140. SO THE NEXT TG COULD BE POSSIBLY 4200.

OUR INTRA DAY CALLS, ALL TARGET ACHIEVED :-)

ORBIT HITS 426.6 WITH OUR 1ST TG OF 425

ZYLOG HITS 457.9 WITH OUR 1ST TG OF 455

GREMACH HITS 181.8 WITH OUR 1ST TG OF 181

TAKE OUR RELIANCE PACK :

SCRIP NAME : O H L C

HIGHLY VOLATILE STOCKS

RIL : 1747, 1791, 1717, 1768
REL CAP : 1004, 1039.9, 992, 1035
RCOM : 485, 498, 475.8, 495.4

LOW VOLATILE STOCKS

RPL : 109.5, 110, 106, 109.15
RNRL : 45, 45.6, 43.65, 44.7

ALSO ENGG STOCKS GAINED WITH 2 TO 3% INTRA DAY

WHT ELSE ONE WANT IN SHORT TERM

GOOD DAY AHEAD, HAPPY INVESTING, KEEP THINKING