Market View 10 October 2007

SENSEX PARTIES ON ACCOUNT OF POLITICAL SANDWICH

A highly cautious session but at last THE WINNER IS THE BULL. A high political drama has been created to help bears grip the markets but they also know that when there are strong Fii flows & Ambani brothers when are in charge with markets then there are very less reasons for markets to enter in bear phase.

Nifty intra day levels :
Close : 5327
Supports : 5220 5140
Resistances : 5440 , 5500

Nifty is heading towards 5500 & sensex 19000

OUR ALL TIME FAVORITES RELIANCE PACK STILL WILL

Technical Calls :

Buy Adani enterprises heading towards 1000 ( recomended price : 600 ) cmp 720

Buy Core projects cmp 199 , tg 225 & 240 in short term.

Buy Torrent power cmp 131 sl 120 tg 160 - 165 short term

Buy Bharti airtel cmp 1040 sl 1027 tg 1060 - 1080 Intra day

Sugar stocks to see some momemtum nw as ethnol mix is allowed @ 10%. top picks : Renuka Sugar, Balrampurchini, Bajaj Hind & Praj inds.

Fundamental stock :

Continue holding shiva cement

TECH STOCKS GIVEN ON OCTOBER 1, 2007 SEE TODAY ALL PRICES & CONTINUE WITH THAT.

LIVE MARKET CALLS ARE UPDATED ON YAHOO & ON CHAT BOX PROVIDED ON THIS WEBSITE.


Good day , happy investing.