Market View 5 September 2007

Again Reminding to use rallies to book profits

Markets after making high of 15550 & for nifty 4501, we saw some selling pressure & whole day the markets were unable to cross the highs. As mentioned earlier the markets had target of 15500-15600. But if markets consolidate @ this levels & closes abv 15600 for 2-3 sessions then one can see new highs very soon.

Nifty Intraday Lvls :
Close : 4479
Supports : 4440 , 4400
Resistances : 4510 , 4525

For today markets would open up but at higher lvls profit taking will be seen.

IT STOCKS LIKE TCS , INFOSYS & TECH MAHINDRA CAN BE ADDED AT DIPS.

BOOK PROFITS IN OUR AUTO STOCKS CALL & ENGG STOCKS.

WE EXPECT MARKETS TO CORRECT FROM CURRENT LVLS & CAN TEST AGAIN 15000 LVLS.

FOR INTRA DAY TRADIN CALLS JOIN ON YAHOO MESSENGER.

Since last many days we are advising to USE RALLIES TO BOOK PROFITS. Chk out previos posts.

OUR BHUSHAN STEEL CALL GIVEN FOR INVESTMENTS @ 600 2 MONTHS BACK, BOOK PROFITS @ 1000 LVLS. JUST 40 % IN 2 MONTHS

GOOD DAY , HAPPY INVESTING.