A DEAD CAT BOUNCE FROM SUPPORTS OF 5100 NIFTY LVLS
Close :-) Sensex : ( 17349 ) & Nifty ( 5111)
Again a relief rally or a dead cat bounce is expected in markets as the Nifty closed exactly @ 5100 which is very imp suppot & 17400 for sensex ( we closed below tht ) but its just matter of just 50 points which @ this lvls can be ignored.
In this bounce markets can retest 17700 & 17900 ( 5180 & 5250 ) , for fresh buying @ restart of bull run in markets we should close above 17400 & 5100 for min 2 to 3 days then we can see sensex retesting 18200 - 18500 lvls.
This week if full of Big Events like : F & O Expiry ( 28-02-2008 : THURSDAY ) & BUDGET 2008 ( 29-02-2008 : FRIDAY )
Due to all this the markets will be highly volatile & traders please take while trading as in some cases ur stoploss will trigger & targets wil also be achieved.
Investors should use every dip as value buying oppurtunity for mid to long term views. For traders they use buying @ supports & selling @ resistances.
Stocks which looks positive in this bounce could be IT & Software stocks & Metals & Infra stocks as we r seeing momemtum trading in many of these counters.
For more updates during live markets join of sms services : We offer free sms services to people in India on their mobile. If u r interested in joining our free sms services then send this sms from ur mobile to 567673434 , Join AlliesFin ( use the same text as shown here )
We do manage Private client groups ( PCG ) & give premium calls to them by sms. For more details of our services click here http://alliesfin.blogspot.com/2007/05/payment-details.html
DONT FORGET TO READ ARTILCE :-) NIFTY CAN BRING KRANTI POSTED ON OUR WEBSITE, Click on the following link & find the file Nifty can bring Kranti.xls : http://groups.google.com/group/alliesfin
We would like to get comments on the same by sms on 0091 9820191219 or on our email address : alliesfin@gmail.com
If u like our theme then u can share with others too & if u do not like our theme then also u have to share with others too as who knows who will be benefited from this.
MUTUAL FUND FORMS R AVAILABLE ON THIS WEBSITE ON THE RIGHT HAND SIDE OF URS OF THIS PAGE.
Imp note : We have found that many people r charging fees for this article by sending them as newsletter to their Premiun clients, please take care from such people.
Good Day
Happy Investing
Regards,
Axit Shah
Equity Advisor ~ Allies Financial Services
Mobile Gsm : ( 0091 ) 9820191219
Yahoo ID : alliesfin9
Website : http://alliesfin.blogspot.com/
Group : http://groups.google.com/group/alliesfin
Sms Service : http://www.smsgupshup.com/groups/AlliesFin
