Market View 30 October 2007

HURRAY ITS 20000 NOW WHT NEXT ?

CRR Rate Hike or Cut

Today again is a day when the markets will be highly volatile on account of an gr8 event today of CRR rate hike or cut. Whatever the decision comes the markets are in the grip of gr8 bulls & any panic or dip would be buying oppurtunity.

If the rate cut comes then it will be highly +ve for markets & the industry is expecting the same & We too are expecting the same. The sectors would be benefited from the cut are Auto, Reality & Banking Stocks.

The hike could only come if RBI needs to tighthen the money flowing in the economy. This is the only reason for the hike.

Nifty intra day levels :
Close : 5906
Supports : 5840 , 5789, 5758
Resistances : 5970, 6020 , 6050

We expect today the markets will be highly volatile & traders should book profits & investors not probs.

We are updating here few sms which were sent to people yesterday :

EIL & TEXMACO UP BY 10 % TODAY. OUR FRIDAY MORNING CALL

LAST WEEK WE WERE SHOUTING ABOUT ENGINEERING STOCKS & SEE TODAY AS THEY HAVE GONE CRAZY

JP HYRDRO CALL INITIATED LAST WEEK TO BUY ABV 75, CMP 82 WHT ELSE U WANT IN ONE WEEK. JUST 10 %

CONTINUE WITH EIL, DREDGING CORP & TEXMACO, HAPPY INVESTING

BUY MTNL BUY ABV 188 SL 175 TG 210 , 225 SHORT TERM DELIVERY

TEXMACO OFFICIALLY LOCKED @ 20 % UP. LAST WEEK CALL INITIATED @ 1150

INTRA DAY BUY RPL CMP 216 SL 214 TG 222 19

RPL INTRA DAY CALL CLOSE TO ACHIEVE TG 222, TRADERS BOOK PROFITS , INVESTORS HOLD,
BUY TTML CMP 44 SL 42 TG 50 , 52 SHORT TERM DELIVERY

TTML 48 MAAL LAAV JUST 10% RUN IN HALF N HOUR

SENSEX CLOSES UP 734 POINTS CLOSES @ 19977 & NIFTY CLOSES UP 204 POINTS @ 5906, MARKET BREATH +VE, TODAYS HIT CALLS TTML, RPL, MTNL, ICICI BANK, JP HYDRO, HCC, INDUSIND BANK, EIL, TEXMACO, DREDGING CORP, HCC, GTL INFRA, GOOD DAY , HAPPY INVESTING

TTML, RPL, MTNL WOULD BE GOOD BET FOR BTST & WAIT FOR OUR TARGETS

SHORT TERM TECHNICAL PICS :

RELIANCE PACK

Any fresh calls in live markets will be updated on our sms services.

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

GOOD DAY , HAPPY INVESTING