Market View 26 October 2007

MARKETS ARE @ MAKE OR BREAK

Markets yesterday got a good rollover statistics in derivatives. This is positive for the markets & for coming month to come. Also we got clarifications from Sebi regarding P notes as it clearly states that whatever they have stated few days back is being drafted & regulated now.

One thing to tell that there are few things that Sebi is tough on & one of the leading news channel isshowing that things only , if u wil panic by looking all such statements then its sure that you will definately sell all ur stocks & panic.

Nifty intraday technical levels :
Close : 5556
Supports : 5490 , 5411
Resistances : 5627 , 5685

Markets currently are @ make or break stage as 5550 is crucial for nifty & 18800 is for sensex. If we close above this levels for 2 to 3 trading sessions then we can see new high soon.

SHORT TERM TECHNICAL PICS :

RELIANCE PACK

Continue with yesterdays call of HCC, Paradyne info, Indusind Bank

We would like to continue with our previous recomendations ( pls chk out previous views here on this website for investment ideas ) PLS CLICK HERE TO VIEW ALL http://alliesfin.blogspot.com/2007/10/market-view-19-october-2007.html

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Good Day , Happy Investing.