Market View 06 November 2007

Diwali 20500 Effect

Happy Diwali is the new funda this week. New clothes, new cars & New Volatility & uncertain markets. In such case traders have to take due care of their positions & Investors dont worry.

From last few days markets have become highly volatile. Markets are bullish till this Diwali & we expect that atleast 20500 to 20700 levels should come in coming days to come.

Due to global trends & markets our markets are acting in the same way but we are still strong on funda.

Nifty Intra day levels :
Close : 5847
Supports : 5810 , 5750 ( strong support )
Resistances : 5910 , 5945

Today if nifty crosses & closes above 5945 & sensex abv 19840 then we could see 6100 & 20300 - 20400 levels soon on the brouses.

Short term Technical pics :

Reliance Pack
Banking stocks
Engineering stocks
Telecom
Reality & infra

Expected new companies to be introduced into derivatives

AFTEK ,
BALAJI TELE ,
DCB ,
Great Offshore ,
Guj.NRE ,
India Bulls Fin ,
Jindal Saw ,
Srei Infra ,
Kpit Cummins ,
Gitanjali ,
GBN,
Ispat ,
Hind.Oil ,
Hind Zinc ,
MICO ,
NIIT Ltd,
InfoEdge ,
Zee NEWS ,
Redington ,
Network 18 ,
UTV Soft ,
Wire & Wireless

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AXIT SHAH
+91 9820191219
E Mail : alliesfin@gmail.com