Market View 5 October 2007

CAUTION LEVELS SOON

AFTER A CONSOLIDATION STAGE WE SAW SOME LATE BUYING IN SENSEX STOCKS & MARKET RECOVERED FROM LOW OF 17500 LVLS & CLOSED AT 17777 LVLS. BANKING STOCKS SAW SOME PROFIT TAKEING & LATER ON RECOVERED. FOR FRESH HIGHS MARKETS NEED TO CLOSE ABV 18000 LVLS.

AS WE CAN SEE ON IDIOT BOX ( TELEVISION ) ALL PEOPLE ARE TALKING ABOUT 20000 & 40000 LVLS SO SMART PEOPLE SHOULD UNDERSTAND THAT ONE SHOULD BOOK PROFIT & WAIT FOR FRESH BUYING TRIGGERS. THIS IS THE SAME SITUATION WHEN MARKETS WERE @ 14000 & THIS GR8 PEOPLE WERE TALKING ABOUT 10000 LVLS SOON & TODAY ALL THESE PEOPLE ARE TALKING ABOUT 20000 , YEAH KAY HO RAHA HAI INDIAN ANALYST LOGO KA?????????????????????? OR ARE THESE PEOPLE PUPPETS.

YESTERDAY CALLS UPDATES :

AKSH OPTI FIBRE CMP 54 SL 48 TG 62 - 64 & ANY CLOSE ABV THAT THEN TG 75 - 80 SHORT TERM. Locked @ 56.9 & hold for tg

TATA ELXSI CMP 315 BUY ABV 320 SL 300 TG 360 - 380 SHORT TERM. Call not initiated as 320 lvls not crossed.

ADANI ENTERPRISES AN HIGH RISK COUNTER CMP 650 HEADING TOWARDS 1000 & NEWS EXPECTED OF IPO OF THE SAME GROUP. Just rose by 5% intra day.

NIRLON BUY ABV 83 SL 77 TG 92 - 95 SHORT TERM. Made high of 88 intra day.

CORE PROJECTS BUY : CMP 188 SL 170 TG 210 - 215. Made high of 202 intraday.

SPICE TELE BUY : CMP 60 SL 56 TG 66 - 70 SHORT TERM. Hold for tg.

NO FRESH CALLS AS WHEN OUR OLD CALLS ARE PERFORMING THEN NO FRESH CALLS TODAY.

HOLD RELIANCE PACK AS STILL MORE TO COME OUT OF THAT.

WE WOULD LIKE TO ADVISE TO BOOK PROFITS IN THE STOCKS WHERE U GET MORE THEN 20 % & HIGHER RETURNS. PROFIT BOOKING IS ALSO IMPORTANT & TAKE THAT MONIES HOME AS UNLESS U BOOK PROFITS ALL MONEIS ARE ON PAPERS ONLY. ELSE YOU WIL BE NEVER BE ABLE TO SELL THAT STOCK IN CASE OF GREED.

WE ARE NOW AT HIGHLY OVERBOUGHT ZONE & OUR ADVISE IS TO BOOK PROFITS & NO SHORT SELLING. PLEASE DO NOT SHORT SELL BUT TO BOOK PROFITS.

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

GOOD DAY, HAPPY INVESTING