Market View 16 October 2007

19000 PEAK

In just 4 trading sessions sensex crossed another 1000 points & peak of 19000 & well managed to close above that. It broke previous record of crossing 1000 points in 6 sessions.

At this junction we may see some profit booking to come but there is no such panic. Its just @ 19000 some people mainly short term players would book profits but our advise to buy @ picks.

No short selling advised as bears are trapped all over & they are not able to cover positions , they took help of Political people like LEFT, FM & at last yesterday there was rumour of Bomb scare at Exchanges.

We would like to continue with our previous recomendations , please chk out http://alliesfin.blogspot.com/2007/10/market-view-15-october-2007.html with all our recomendations.

Any fresh recomendations will be updated later.

WE WOULD LIKE TO ADVISE TO BUILD BUY POSITIONS IN GOLD WHICH IS NOW AVAILABLE IN DEMAT FORM AS ETF & TRADED @ NSE, NAMED BENCH MARK GOLDBEES & UTI GOLD ETF.

RELIANCE MUTUAL FUND IS COMING OUT WITH GOLD ETF STARTING OCTOBER 15, 2007. FORMS WILL BE AVAILABLE OF THIS WEBSITE SOON. SUBSCRIBE TO THAT.

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

GOOD DAY , HAPPY INVESTING.