Market View 18 September 2007

WE R BACK TO ROCK BUT MARKETS ARE THERE ONLY WHERE THERE IS MAKE OR BREAK.

THE MARKETS ARE AT THE MAKE OR BREAK SITUATIONS @ 15600 LVLS & PLAYING IN THE SAME RANGE OF 100 - 150 POINTS UP OR DOWN.

TODAY IS THE DAY WHEN WE ARE HAVING FED MEETING FOR RATE CUT & ALSO MEETING OF BOJ.

EFFECTS OF FED RATE ACTION ON MARKETS :

1. IF IT REMAINS UNCHANGED THEN WE EXPECT MARKETS TO FALL
2. IF DISCOUNTED BY 25 BPS THEN MARKETS TO REMAIN RANGE BOUND LIKE THIS WHICH IS HAPPENING NW.
3. IF THE RATE IS DISCOUNTED WITH 50 BPS THEN MARKETS TO SEE NEW HIGH VERY SOON.

WE EXPECT THE 3 POSSIBILITY TO HAPPEN & WE EXPECT THE MARKETS TO SEE NEW HIGH VERY SOON.

NIFTY INTRADAY LEVELS :

CLOSE : 4495
SUPPORTS : 4475 , 4465, 4440
RESISTANCES : 4510, 4530 , 4545

STOCK SPECIFIC VIEWS :

ENGINEERS INDIA : EIL : 532178 : CLOSE 485, A PSU COMPANY WITH GOOD FUNDA & DIVIDEN PAYING LOOKS ATTRACTIVE AT CURRENT LVLS WITH TARGETS OF 800 - 900 WITH MORE THEN YEARS TIME. FOR TRADERS IF CROSSES 510 WITH VOLUMES THEN ONE CAN EXPECT GOOD RETURNS IN SHORT TERM.

ADVANCE MICRO : 517552 : AN OPTO CIRCUIT GROUP COS LOOKS GOOD FOR SHORT TERM TG 90 - 105 CMP 70. ANY TIME WE EXPECT ITS MERGER WITH PARENT COS.

FEW DAYS BACK WE HAD MENTIONED ABOUT THE INDIAN PIPE INDUSTRY WHICH INCLUDE WELSPUN GUJARAT, MAN INDS, PSL LTD WHICH GAVE MORE THEN 20 % RETURNS IN SHORT TERM. STILL THIS SECTOR AS A WHOLE IS VERY BULLISH.

CALL ON TANEJA AEROSPACE @ 155 CMP 171 TG 215 - 225. SHORT TERM.

SOLAR ENERY AS A SECTOR WE ARE BULLISH ON THAT & FINDING NEW SCRIPS FOR OUR CLIENTS.

SHRE PRECOATED STEEL JUST 20 DAYS BACK WE MENTIONED HERE TO BUY @ 250 WITH TG OF 600 IN A YEAR OR MORE TIMES , RAN VERY FAST CMP 450 MAALL LAAVVVVVVVVVVVVVV. WHT ELSE U WANT IN SHORT TERM. JUST 200 RS IN 20 TRADING SESSIONS.

ADANI ENTERPRISES LOOKS GOOD FOR TRADING ABV 415 TG 500 IN SHORT TERM.

ALSO OUR PROPERTY STOCKS LIKE UNITECH, DLF, HDIL & OTHERS DOING WELL.

ALSO MANY MORE THINGS TO WRITE & TALK ABT MARKTES BUT TIME DOES NOT PERMIT.

GOOD DAY , HAPPY INVESTING.