Market View 1 October 2007

A HIGHLY VOLATILE MONTH TO COME.

Last month September 2007, we saw the month which created new highs & new records in Indian stocks markets. A month where investors portfolio gained & made traders create mind blowing returns in short term.

Our RELIANCE PACK which is almost outperforming markets day by day & which is giving traders & investors to mint lot.

The stock markets are gaining day & day but many people are thinking is this a BUBBLE or ?????. What so ever when people are minting everything is fine.

But Caution all the time as if we are trading or buying @ this levels is highly risky & have to be very stock specific or choosy for ur monies to invest for either short / long term. One thing should be clear for buy trades is that we need to hold for more then 6 months to 1 years or even higher time frame if the markets correct from current levels then this should be the view.

October 2007 would be month where one can see highly volatile sessions & one has to get ready for 2 - 3 % intraday volatility. For traders if buy trades are made then either put strict stop losses or put trailing stop losses.

This should be the strategy for the days & months to come.

Nifty Intraday levels :
Close : 5021
Supports : 5000 , 4965
Resistances : 5045 , 5060

Technical Picks : short term

Atlanta ltd : Friday recomended @ 315 locked @ 345 & target of 425 - 450

Whirlpool ltd : Firday recomened @ 40 locked @ 47 tg 54 & 60

Silverline & Pentamedia graphics Demerger story on cards

IFCI private placement expected to be done abv 120 , one can look for short term trading cmp 94 sl 85 tg 120

Repeating again hold Gtl Infra cmp 38 sl 35 tg 50+

REPEATING Autoline inds Friday recomended @ 210 cmp 216 sl 190 tg 300+

Short sell Mtnl futures @ 164 sl 170 tg 150.

Arvind mills heading 75 mark cmp 61 call initiated @ 50

FUNDAMENTAL STOCK : LONG TERM

SHIVA CEMENT ( 532323 ) CMP 9.5 , ACC LTD is having holding this cos & the cos wants to increase stake in this cos. open offer may come for the share holders.

TECH STOCKS STILL LOOK +VE : INFOSYS , TCS, TECH MAHINDRA.

SBI HEADING TOWARDS 2500 MARK CMP 1970 , Friday recomended @ 1900

HINDALCO FRIDAY RECOMENDED @ 165 HEADING TOWARDS 185 - 190 MARK CMP 172.

TRADING CALLS DURING LIVE MARKET WIL BE UPDATED IN CHAT BOX ON THIS WEBSITE.

GOOD DAY, HAPPY INVESTING