Market View 23 August, 2007

ARE WE BOTTOMING OUT??????????

YES ONE CAN TEL THT THIS IS TRUE IF 13800 LVLS ARE NOT BROKEN & WE SUSTAIN AT THIS LEVELS. THE MARKETS NEED TO CONSOLIDATE AT THIS LEVELS. YESTERDAY WE HAD CLEARLY WRITTEN ABT MOMEMTUM BUYING TO HAPPEN IN MARKETS. CLICK HERE TO KNOW MORE http://alliesfin.blogspot.com/2007/08/market-view-22-august-2007.html

NIFTY VIEW :
CLOSE : 4153
SUPPORTS : 4140 , 4100
RESISTANCES : 4165, 4190 , 4210

FOR TODAY MARKETS TO OPEN FIRM ON ACCOUNT OF GLOBAL CUES, BUT ONE NEEDS TO CHECK OUT THT AT HIGHER LVLS PROFIT BOOKING MAY COME AS ITS SHARP RISE FROM BOTTOM.

SENSEX IF CLOSES ABV 14500 & FOR NIFTY ABV 4225 THEN ONE CAN SEE 15000 & 4400 LVLS VERY SOON.

STOCK IDEAS FOR TRADING :-)

RELIANCE PACK
ENGG STOCKS : LNT, ABB, SIEMENS, PUNJ LLYOD
BANKING STOCKS : SBI, ICICI BANK ETC

FOR TRADERS ONE STRATEGY :

The appropriate strategy in this stage of market is buying in intraday falls with appropriate stop loss and exiting the positions at strong resistance levels.

GOOD DAY, HAPPY INVESTING


SECTORIAL UPDATE :

INDIAN PIPE INDUSTRY : WE ARE BULLISH ON THIS SECTOR FOR INVESTMENTS.

POST CLOSING UPDATES :-)

WHAT A ROLLER COATER RIDE TODAY. ONE OF THE HIGHLY VOLATILE SESSIONS HAS BEEN WITNESSED TODAY WITH MORE THEN 1200 POINTS MOVES HAS BEEN SEEN TODAY. A LAST SENSEX CLOSED @ 14164 WITH -VE 84 POINTS WHILE NIFTY CLOSED @ 4115 WITH - 38 POINTS.

AS CLEARLY MENTIONED IN THE MORNING THT MARKET HAS STIFF RESISTANCE @ 14500 & FOR NIFTY 4225. MARKETS ONCE BREACHED THESE LEVELS UPSIDE BUT AT HIGHER LVLS PROFIT BOOKING HAS BEEN SEEN & ALSO THERE ARE FEW FOOLISH POLITICAL COMMENTS HAPPENING ALL ROUND IN MEDIA WHICH LEAD THE MARKETS TO TANK & ENDED UP -VE.

SO UNDER SUCH SITUATIONS ITS BETTER TO PACK UR BAGS FOR FEW DAYS & RELAX. TRADERS ARE HARDLY HIT UNDER THIS HIGHLY VOLTILE MARKETS.

GOOD DAY AHEAD, HAPPY INVESTMENTS