Markets For 19-06-2008

Both Nifty & Sensex has become weak at these levels. The trend for fresh buying positions will continue if the markets continue to trade beyond 4638 & 15637. There are chances that Nifty & Sensex may open 55 - 56 points down & 214 - 215 points down. There are chances of an intraday movement of around 330 points & 1198 points in Nifty & Sensex respectively.
If the markets sustain above 4748 & 16036 levels, then they will try to touch 4790 & 16189 levels.
On the other hand, market has a weak support at 4502 & 15143 because the markets may further fall down to 4460 & 14991 levels from this point due to panic selling & profit booking which can act as a strong support.

PREMARKET INTRADAY NIFTY STRATEGY: SELL BELOW@4565 STOP LOSS:4585 TARGET : 4520-4480

Sell Siemens July Futures below 485,target 470-440 , stoploss 499

Buy GMDC 532181 @ 302.30SL:288 TG:307-310,

Buy GSS AMERICA 532951@319.30STOP LOSS 313 TARGET328-330,

SELL T-PHARMA-183-84,SL-187,TGT-176/170
SELL R-CAP-1152/53,SL-1164,TGT-1118/1092.
SELL GOKUL -221/22,SL-226,TGT212/203

Sell BIOCON Below @ 480 Target 476-471 to 459. SSL 495.

Sell CHHENAIPETRO Below @ 337 Target 329-319 to 296. SSL 366.

Sell CMC Below @ 667 Target 659-645 to 618. SSL 702.

Sell INDIACEM Below @ 163 Target 161-156 to 147. SSL 175.

Sell LICHSGFIN Below @ 307 Target 301-2093 to 275. SSL 330.

Sell MARUTI Below @ 743 Target 737-723 to 698. SSL 778.

Sell OMGC Below @ 874 Target 866-846 to 811. SSL 924.

Sell RANBAXY Below @ 593 Target 586-573 to 548. SSL 627.

SELL PIRAMAL LIFE-285/86,SL-291,TGT-272/261
SELL SBI 1354-55,SL-1365,TGT-1331/1312
SELL HDIL -592/93,SL-600,TGT-578/565

IFCI (BUY) 53.5 - 53.8 ,Target 55.8 - 57 ,Sl 51
BALAJI TELE (BUY) 210-202 ,Target 207 -212.5 ,Sl 195
KARUTURI NET (BUY) 24.3 - 24.5 ,Target 25.7 - 26.5 ,Sl 23.90

ZEE ENT (BUY) 238-239 ,Target 245.5 – 253- 260 ,Sl 231

Medium Term Delivery Calls

Buy Suzlon if it sustains above 260.00 levels with a medium-term target of 325.00 & with a stoploss/ average below 227.00.

BUY GMDC STOPLOSS 288 TRGT 307-310. IN SHORT TERM TRGT IS 325-350.

Short Term Delivery Calls

Buy Bajaj Holdings & Invt. if it sustains above 501.00 levels with a short-term target of 547.00 & with a stoploss/ average below 478.00.

Buy JSW Steel if it sustains above 998.00 levels with a short-term target of 1182.00 & with a stoploss/ average below 906.00.

Long Term Delivery Calls

We strongly recommend a buy on EID Parry India at current levels with a long-term target of 903.00.

We strongly recommend a buy on Softpro Systems at current levels with a long-term target of 506.00.