Markets On 07-07-2008

07-07-2008

The Nifty support in the range of 3,750-3,850-3970, below which it is likely to fall to 3600-3,500.

Sensex support at 13,050-12,930-12,800 and Resistance at 13,855-13,980-14,100.

Market may remain very volatile for next few day

Market Poised at very crucial level.Closing above 13700 or below 12900 can lead to a 1000 point rally up or down.

Watch 4070 on NIFTY Spot.If NIFTY can trade close and sustain above 4070 is safe for time being & can surpass 4120,but 4070 again will negaitve,sure to see new low.

According to weekly & two weekly charts when Nifty Spot trade above the level of 3967, 3922 & Sensex 13221, 13071 till then no fear to fall in the market but if these targets go to break then in the below level Nifty Spot can go at the level of 3653 to 3537 & Sensex 12175 to 11780 but these targets will come in that time when high of Sensex 2006 do not go below the level of 12801. If situation is still made positive & Nifty Spot go to cross the level of 4089, 4232 then it can go up to the level of 4358 to 4662, same as Sensex go to cross the level of 13624, 14112 then it can go up to the level of 14520 to 15553. Very low chances of GOVT. fall but communist do withdraw the support once again bears can try to attack on the market, so we gave the support levels of Nifty Spot & Sensex, after break these levels cut all the long positions.

Today if Nifty Future trade above the level of 3963 then it can go up to the level of 4043, 4136 to 4244 but if Nifty Future go to break the level of 3963 after that break the level of 3890 then it can go below the level of 3800, 3644 to 3573.

INTRADAY

Buy ARCHIES Above @ 99 Target 103-108 to 119. SSL 86,

Buy BHARTI Above @ 720 Target 730-741 to 767. SSL 688,

Buy BIOCON Above @ 379 Target 384-389 to 402. SSL 363,

Buy GNFC Above @ 115 Target 118-122 to 130. SSL 105,

Buy GRASIM @ 1695 Target 1732-1768 to 1857. SSL 1590,

Buy HDFCBANK Above @ 1001 Target 1014-1024 to 1051. SSL 970,

Buy HINDALCO Above @ 139 Target 141-143 to 148. SSL 133,

Buy JETAIRWAYS Above @ 335 Target 353-372 to 417. SSL 280,

Buy M&M Above @ 481 Target 494-511 to 550. SSL 433,

Buy RPL Above @ 172 Target 176-179 to 188. SSL 161,

Buy RCOM Above @440,Target 450-455,SSL 431,

Buy PUNJ LLOYD Above @ 225,Target 236,SSL 220,

Buy RNRL Above @ 67,Target 70,SSL 65,

Sell TCS Below @ 844 Target 830-818 to 775. SSL 887,

Sell SCI Below @ 218 Target 213-206 to 192. SSL 227,

Sell MARUTI Below @ 544 Target 531-512 to 471. SSL 572,

Sell ITC Below @ 170 Target 167-161 to 150. SSL 183,

Sell HEROHONDA Below @ 663 Target 654-638 to 607. SSL 700,

Positional Calls ( Medium Term/Long Term)

UNITECH........ TARGET 200++++,STOPLOSS 140,

Buy GEI IND.530743,

Buy BAJAJ AUTO 532977,

Buy IDEA CELL 532822,

Buy CANARA BANK 532483,

Buy UCO BANK 532505

Buy Shrenuj &Company 30
Buy RCOM 443

Buy NTPC(154,Target 210),INDOTECH(322,Target 440),GAMMON INFRA(106,Target 150),BAJAJ HINDU(175,Target 240),VISHAL RETAIL(518,Target 700),Keep 4% Stoploss

Buy ACC(478,Target 510),TTML(23.70,Target 26),BOMBAY DYEING(550,Target 590),UNITY INFRA(356,Target 390)Keep 4% Stoploss

TATA COMMUNICATION(365,Target 400),ASHOK LEYLAND(28.50,Target 32),ICICI BANK(603,Target 640) keep 4% stoploss

Positional Short Futures Cairn (CMP 251-252),Sl 270-280

Long Term( 6 Months ) :

FINANCIAL TECH(1745,Target 2000),REC(76,Target 130),

KIRLOSKAR(186,Target 240),RELIANCE IND(2097 Target 2450)

Larsen&Toubro @ 2,380,tgt4,044;Maruti 550,tgt 947; Ranbaxy @538,tgt575;

Aban Offshore@2,612,TGT 4,500;Bharti Airtel@716,TGT 1,100;

Hindustan Unilever@202,TGT280;ITC@171,TGT247