TUESDAY – 10-06-08 – 8.50 AM

MARKET VIEW

US MARKET CLOSED WITH MIXED SITUATION, ALL ASIAN MARKETS ARE DOING IN DOWN SIDE, HERE EXPECT FLAT OPEN, YESTERDAY SOME GOOD RECOVERY HAD HAPPENED IN MARKET WITH GOOD VOLUME, FII’S HAD SOLD, DII’S HAD BOUGHT, TODAY THIS RALLY WILL MOVE UP TO 4600 TO 4630 LEVELS, AND 15400 TO 15500, NEXT SOME SELLING PRESSURE WILL COME AUTOMATICALLY, SO SELL AT HIGH FOR DAY TRADE, AND DON’T THINK ABOUT DELIVERY BUYING NOW, AND AS PER TECHNICAL CHART, THERE IS SOME IMPORTANT SUPPORTS, 1- 14100, AND 2- 13770, THESE 2 SUPPORTS ARE GOOD AND STRONG SUPPORT FOR SENSEX, AND NIFTY HAS GOOD SUPPORT AT 4300 TO 4200 RANGE,
WE HAVE TO FACE VOLATILE BASE CORRECTION NOW, SO USE THIS FOR DAY TRADE, BUY AT LOW AND SELL AT HIGH, DON’T WAIT FOR HUGE PROFIT, AND DON’T TAKE ANY THINK TO HOME DUE TO INTRA DAY LOSS, BOOK IT ON THE SAME DAY, TAKE CARE

BEST OF THE DAY
BUY LUPIN AB 707 TR 715, 720, 732, 740, S/L 697
BUY SUNPHARMA AB 1475 TR 1500, 1530, S/L 1450