Market View 3 September 2007

USE RALLIES TO BOOK PROFITS

MARKETS HAVE RALLIED MORE THEN 1500 POINTS JUST ONE WAY WITHOUT TAKING ANY STOP. WE WOULD LIKE TO ADVISE THE READERS TO BOOK PROFITS BY USING THESE RALLIES AS ONE CAN USE LOGIC TO BUY @ DIPS & SELL @ HIGHER LEVELS. SO WE ARE NEAR TO THE TOP AGAIN. SO THOSE PEOPLE WHO HAD MISSED THE PREVIOUS RALLY CAN USE THIS RALLY TO BOOK PROFITS. THESE RECOMENDATIONS DOES NOT MEAN TO SHORT SELL.

NIFTY VIEW :

CLOSE : 4464
SUPPORTS : 4440 , 4410 , 4385
REISITANCES : 4475 , 4500 , 4525

INVESTMENTS AT THESE LEVELS MIGHT NOT GROW VERY SOON NW AS MARKETS ARE PEAK & ALSO THE US SUBPRIME FIGURES & US NOS WILL BE OUT IN COMING MONTH. SO VERY CAUTIOUS OUTLOOK ADVISED.

FOR TRADING BUY @ SUPPORTS & SELL @ RESISTANCES TAKING SHORT TERM VIEW.

STOCK SPECIFIC VIEW :

RELIANCE PACK : WE WOULD LIKE TO BOOK PROFITS IN RELIANCE INDUSTRIES OUT OF OUR RELIANCE PACK. SO NOW ONLY FOUR PLAYERS IN OUR RELIANCE PACK : RELIANCE CAPITAL , RELIANCE COMMUNICATION, RPL, RNRL.

ENGG STOCKS : ABB, SIEMENS, LNT.

BANKING STOCKS : SBI, ICICI BANK.

MID & SMALL CAP STOCKS ARE :

FSL
DISH TV
WHIRLPOOL
TANEJA AERO
TECH MAHINDRA
CREST ANIMATION
SHASUN CHEMICALS
SHREE PRECOATED STEEL

LAST WEEK WE HAD ADVISED FOR SHORT TERM INVESTMENTS :

AUTO STOCKS : MNM, TATA MOTORS, MARUTI & BAJAJ AUTO

PIPE INDUSTRY / SECTOR : WELSPUN GUJ, MAN INDS, PSL

NSE to add 14 stks more in F&O Segment from September 6 :

3I Infotech, Aptech, Bhushan Steel, Biocon, CMC, Havells India, Lakshmi Machines, NIIT Tech., Nucleus Software, Sasken Comm., Tech Mahindra, Tulip IT, Welspun Guj St. and Yes Bank.

FOR MONDAY THE MARKETS TO OPEN FIRM & IN SHORT TERM LIKE TO TOUCH 15500 - 15600 WHICH IS OUR SHORT TERM TG & MENTIONING SINCE LAST MANY DAYS.

GOOD DAY , HAPPY INVESTING