Market View 20 September 2007

A DAY FULL OF RECORDS

Yesterday was a day full of records,

Sensex made a Record High of 16330 &
Closed above 16K mark for the first time ever.
Sensex made the Highest Single day gain of 653 points.
BSE & NSE has registered Record ever Volumes.
Rupee touched a new 9 – Year high against Dollar.
Gold Touched a 27 – year high of $733.
Crude touched a Record high of $82.5/barrel.
Reliance Industries touched Market Capitalization of Rs. 3 tr. the first Indian company.

And last but not the least, YUVRAJ has set a Record by Hitting 6 sixes in an over, Fastest fifty

BUT CAN U TEL ME " Y DID FED DISCOUNTED 50 BPS. " THIS IS A WORD OF CAUTION.

MORE ON THIS WILL BE UPDATED LATER.

NIFTY INTRA DAY LEVELS :
CLOSE : 4732
SUPPORT : 4710 , 4880
RESISTANCES : 4750 , 4785

THE MARKETS HAVE CRUCIAL RESISTANCE AROUND 16400 - 16500 LVLS FOR WHICH MARKETS NEED TO CLOSE ABV THT WIL LEAD FURTHER RALLIES.

STOCK SPECIFIC WOULD BE BETTER : ENGINEERING STOCKS, AUTO STOCKS & TELECOM SECTOR TO BE CONCENTRATED FOR SHORT TERM GAIN.S

GOOD DAY, HAPPY INVESTING.