Market View 21 September 2007

DAYS OF CONSOLIDATION

AFTER HITTING ALL TIME HIGH THE MARKETS NEEDS TO CONSOLIDATE FOR FURTHER UPMOVES. THE RESISTANCE ARE BETWEEN 16400 - 16500 FOR SENSEX & ANY CLOSE ABOVE THAT WILL TAKE THE MARKETS TO NEW HIGHS.

NIFTY INTRA DAY LEVELS :

CLOSE : 4748
SUPPORTS : 4725 , 4705
RESISTANCES : 4765 4783

STOCKS TO WATCH OUR ARE :

WELSPUN GUJ : WHICH WE ARE RECOMENDING FROM LAST MANY DAYS. TG 500 WITH MORE THEN YEARS TIME. CMP 290. FIRST RECO : 225

CAIRN INDIA : TG 250. RECO PRICE : 155 CMP 175.

TTML CMP 34 , TG 45

AUTOLINE INDS CMP 215 TG 350

RELIANCE PACK : RNRL, RPL, RCOM, REL CAPITAL, RELIANCE INDS.

ENGG STOCKS : LNT, SIEMENS, ABB, BHEL, PUNJ LLYODD.

TELECOM STOCKS : BHARTI, IDEA, TTML, HFCL

OUR PROPERTY & REALITY & AUTO STOCKS GAVE MIND BLOWING RETURNS WE WOULD LIKE TO BOOK PROFIT IN THAT SECTOR.

WE EXPECT TODAY THE MARKETS TO BE RANGE BOUND

GOOD DAY , HAPPY INVESTING.