THURSDAY – 12-06-08 – 8.50 AM

MARKET VIEW

ALL WORLD MARKETS ARE IN RED, RED, RED, I AM ALWAYS TELLING U ABOUT SO MANY BAD NEWS WAITING FOR US, YESTERDAY I TOLD U ABOUT CRR HIKE ALSO, YESTERDAY ALL BANKS HAD RUN FAST, TODAY WE WILL C ?, TODAY IIP GROWTH STATUS ALSO COMES OUT,(I THINK IT WILL GIVE SOME BAD RESULT, SO KEEP I ON IT) TOMORROW I EXPECT BAD INFLATION NO’S (MAY IN BE DOUBLE DIGIT), SO TODAY I EXPECT A BIG GAP DOWN OPEN AND ALL BIG HANDS WILL DO STRONG SELLING, AND IMPORTANT MEETING IN RELIANCE (AGM) SIDE ALSO THERE, SO AFTER MEETING RELIANCE WILL DO BAD, UN TILL THEN I EXPECT SOME RECOVER IN RELIANCE, SO BUY THIS ONLY AT LOW AND SELL WITH MINI PROFIT, AS PER TECHNICAL CHART SENSEX HAS SOME STRONG SUPPORT AT 13750 TO 13500, IF IT RECOVERS FROM THIS LEVELS, BUY FOR DELIVERY, IF IT BREAKS AND CLOSE BELOW THIS LEVEL, GET OUT FROM MARKET FOR 2 MONTHS, NOTHING TO SAY, TRY TO BUY 25% FOR DELIVERY WHEN SENSEX IS AT 13750 RANGE (ONLY 25% NOT MORE)

SENSEX SUP&RES

BELOW 15056 TR 14845, 14738, 14645, 14100 TO 14000, 13779 TO 13750
ABOVE 15230 TR 15320, 15500

NIFTY SUP&RES

ABOVE 4542 TR 4587, 4627, 4641,
BELOW 4500 TR 4400, 4325 TO 4300

BEST OF THE DAY
BUY RELIANCE AT 2120 S/L 2100 TR 2200