Daily Report September 18th Monday

“The only problem with market timing is getting the timing right.” – Peter Lynch
Nifty (3478) SUPPORT-3451-3431-3410 RESISTANCE-3510-3535-3560 Nifty range 3451-3535 if markets stay above 3471 for a long time we would see 3500 levels breaking with ease. 3451-3431 is a strong support for markets and till those 2levels are not broken with volumes it would be wise to have a very bullish view for the coming week. TOP 5GAINERS=LT-GRASIM-SATYAMCOMP-HINDLEVER-BHARTHIARTL TOP5LOSER=SAIL-RCOM-GAIL-MTNL-DABUR. P/E=19.95 p/b=4.53 adv=25 dec=25 NSE adv: 350 dec: 565 -vol-rs.6873crs

Sensex (12009) SUPPORT-11930-11836-11720 RESISTANCE-12080-12167-12258 Sensex has given a breakout and 11836 would be a strong support till that level is maintained on closing basis markets would maintain its bullish momentum. Markets would move slowly up as pain area makes many bulls to take profit, 12671 is the previous high and will that be crossed is what everyone is having in mind. BANKS HAS SEEN UNWINDING OF SPECULATIVE position in F&O so that one sector one should be careful mainly in medium size banks.
8dma=11849 13dma=11831 21dma=11720 34dma=11466 55dma=11116 OPEN=11977 HIGH=12041 LOW=11847 BSE adv: 1062 dec: 1425 -vol-rs.3456crs
Fiis buyer rs.491crs and Mutual funds seller rs.2crs on Thursday, Fiis buyer rs.2476crs in Sep month and buyer rs.19865Crs in 2006, mutual fund buyer rs.500crs in Sep month. F&O DATA Fiis sell rs.251crs in nifty future and sell rs.153crs in stock future on 15th September and provisional Fiis buy in cash rs.277crs source NSE website

Day That Ended: Markets opened weak to recover strongly being a weekend & 11sep black Monday was in everyone mind, all Monday are black made people to go light on weekend, BANKS witnessed some profit booking and unwinding while OILREFINING stock saw huge built up in open int in F&O segment and CNXIT +84% OI. RBI panel report on 27services for individual account holders is very important which would benefit costumer in a big way and BANKS would face some pressure on short term long term would be healthy. International markets U.S closed stronger while Indian ADRs were mixed EURO markets ended positive Crude $ 63.33.
Outlook for Monday: CEMENT-OILREFINERS-PHARMA-CG would be bullish while banks should see mixed reaction. Stocks like CHENNAIPETRO-BPCL-HPCL-IOC-COCHINREF-TATACHEM-NDTV-GACEM-GAIL have seen some speculative OI built which would see high activity. Investment buy would be BEML-RAYMOND-TATACHEM-CESC-GACEM-EMCO to name a few. SENSEX has given a breakout while NIFTY hasn’t but for a long term investor statement that GDP annual growth to be 9% till 2011- Montek, would make a big difference.

STOCK TECH view: GACEMENT buy rs.114-116 stop loss rs.108 target rs.130 & rs.145 this cement stock has been underperformer compared with the sector and being one of the best. Of late the stock is showing good strength to reach its high and even cross it so investment and positional trade can be done with reasonable stop loss.

Counter view: http://prabhakar-views.blogspot.com/2006/09/gold-ploping.html GOLD CAN CRASH WRITTEN TWO DAYS BACK ON NEWSLETTER MANY WANTED TO KNOW THE LEVELS DOWNSIDE I AM NOT A EXPERT SO PLEASE HAVE THIS IN MIND AND NEVER TRADE ON MY ADVISE $460-420 IS THE LEVEL I SEE IN THAT IN 2-3MONTHS TIME AND NOW IT IS 580$. And important is that many wanted to know where they can buy after I had written this shows the craze for gold in India something in graph suggest me the crash to come which can be more than crude crash which was predicted earlier.



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Disclaimer: These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. I am not responsible for any losses made by traders or investor. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with your sense and judgment. I am trying to consider the fundamental validity of stocks as far as possible, but demand and supply affects it with vision variations.

http://business-standard.com/common/storypage_c.php?leftnm=10&bKeyFlag=IN&autono=5669 GDP annual growth to be 9% till 2011: Montek.
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=104791 tatasteel