Wednesday – 04-06-08 – 8.35 AM

MARKET VIEW

US MARKET CLOSED WITH NEGATIVE SIGNAL, AND ASIAN MARKETS ARE DOING IN MIX SITUATION, HERE EXPECT FLAT OPEN OR MILD UP SIDE OPEN, AFTER SOME CORRECTION, MARKET DID SOME RECOVER YESTERDAY, BUT THIS IS NOT PERFECT REVERSAL, STILL IT HAS TO BE TOUCH THE 15250 TO 15000 RANGE, BUT MAXIMUM INDEX SCRIPTS ARE IN JAN LOW, SO I THINK MARKET WILL DO SOME RECOVER THIS WEEK UP TO 16500 TO 16700, AND AGAIN IT WILL COME DOWN TO 15K RANGE, SO INVESTORS WAIT UP TO 15.2K TO 15 K LEVELS, IF U URGE TO BUY, DON’T WORRY JUST BUY 25% OF UR MONEY IN INDEX SCRIPTS LIKE REL CAP, ONGC, RIL, HDIL, DLF, (THESE ARE AT JAN LOW), BANKS R IN CRUCIAL STAGE ( SO JUST WAIT FOR CLEAR DIRECTION IN THIS SECTORS), DAY TRADERS CAN DO SOME TRADE AND BOOK FAST PROFIT, DON’T WAIT, MARKETS ARE IN HUGE VOLATILE CONDITION, WITNESSES IT WILL DO SOME FAST RECOVER FROM THE LOW (15.2K TO 15K), YESTERDAY ALL BIG HANDS HAD DONE GOOD BUY IN ALL INDEX SCRIPTS, LIKE RIL, REL CAP, ONGC, SESAGOA, DIVIS LAB, …., SO SOON MARKET WILL GET REVERSAL, SO WAIT UP TO 15.2 TO 15K, BE READY, AND INVEST IN INDEX SCRIPT ONLY, AFTER GET SOME PROFIT WE WILL SWITCH TO MIDCAP OR LIKE, BECAUSE INDEX SCRIPT WILL MOVE FAST THAN OTHERS IN THIS STAGE

(Today expect some rate hike in petrol side, so this will affect the market, so be care full if you are with position in market, keep watch the market direction, after announce the rate hike, and do your trade according to this movement)

SENSEX SUP&RES

BELOW 15825, TR 15700, 15570, 15450, 15300, 15250 TO 15200, 15K,

ABOVE 16010 TR 16200, TO 236, 16315, 16400, 16500, 16700

FOR SHORT TERM PICKS

ONGC, DLF, HDIL, REL CAP, DIVIS LAB, TULIP IT, JP ASSOCIATE, RCOM (540 , S/L 535), THESE ARE GOOD FOR SHORT TERM, SO BUY AT LOW WHEN MKT IS AT 15.2K TO 15K, (KEEP THIS SCRIPTS IN MIND TO BUY AT CORRECTION)

BEST OF THE DAY
DIVIS, REL CAP, ONGC JP ASSO, MTNL GOOD FOR TODAY BUY AT LOW