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Monday, September 22, 2008

Market view for 22-26September

As told you all earlier last week,market reverted back from 3800 levels on account of short coverings coming in,and this should be noticed that there is not much longs build up yet,but in coming days we may see some long positions building up! Global cues will also favour for near term but one should not leverage positions in this market as all the cues are for short term only and the base is still not strong!!
In coming days of week we may see upside in market,but one should stay cautious above 4470-4530 levels, as we may see short positions building up again at these levels,if market breaches these levels. So these levels must be watched,and above these levels the upside will be a trap for retail investors.

Nifty levels -
Support- 4170-4130-4075-4010-3960
Resistance- 4310-4345-4393-4465-4520

Nifty levels to watch are 4075 on lower side and 4520 on upper side,breakout on either sides will lead to sharp movement in market. One should think of buying PUTs abv 4450-4520 levels,for OCTOBER series.As told u all about Reliance industries at 2200-2300 lvls,the stock crashed to touch a low of 1760 in few days,i hope you all must have njoyed the short view on the stock and many of you must have minted hugee money in shorting the stock!! Now one can take this stock for short term for a target f 2175-2250-2310-2395.

Stocks to watch-
KSK energy abv237
Satyam computers abv375
Relaince Industries abv2080
Ambuja cements abv86
Wipro abv420
Tata Power abv1033
One can also take Minal Jewels,Kashyap tech., for a gain of 10-20% in coming days!!

Keep booking profits in all stocks,as there will be volatility in market due to F&O expiry this week!!
Our FREE call of Relinfra900CALL october series,given@50 on friday ,made 65 intraday, we have given tgt of 70-90+..........just see it on monday and coming days!! Hugeeeeeeee money will be minted in this call!

For more Intraday/Delivery/Option calls ,join our PREMIUM SERVICE and start minting huge money from share market.
Contact us at-09935466303
Posted by Rulers!! at Monday, September 22, 2008

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