Daily Report September 27th Wednesday

Nifty (3571) SUPPORT-3549-3521-3494 RESISTANCE-3595-3622-3648 Nifty above 3549 would be bullish now this markets should be viewed different jus run profits with a tight stop loss and take profits where u feel happy as markets nears it peak stocks which hasn’t performed would give better returns. And now nifty stop loss would be 3494 for the trend on closing basis for the target of 3856. TOP 5GAINERS=WIPRO-ICICIBANK-SBIN-SUZLON-MARUTI TOP5LOSER=BPCL-MTNL-ITC-VSNL. P/E=20.83 p/b=4.73 adv=46 dec=4 NSE adv: 458 dec: 456 -vol-rs.7055crs

Sensex (12321) SUPPORT-12254-12145-12067 RESISTANCE-12411-12506-12589 Sensex opening is most important highest close ever for sensex is 12612 which would be the level to watch. Chance of gap up open is possible and for the day till 12254 is not broken we would see markets giving one more day of good gains.
8dma=12145 13dma=12012 21dma=11937 34dma=11735 55dma=11303 OPEN=12206 HIGH=12331 LOW=12160 BSE adv: 1230 dec: 1253 -vol-rs.3490crs
Fiis seller rs.268crs & Mutual funds buyer rs.223on Monday, Fiis buyer rs.4115crs in Sep month and buyer rs.21504Crs in 2006, mutual fund buyer rs.556crs in Sep month. F&O DATA Fiis buy rs.1236crs in nifty future and sell rs.49crs in stock future on 26th September and provisional Fiis buy in cash rs.14crs source NSE website

Day That Ended: Market closed stronger on BANKS-AUTO-OIL sector gains and with F&O settlement short covering & fresh buying is moving markets up & extension of pan card till DEC31 has given a breather to many investor. Hedge funds have pulled out near $16billon from commodity markets and my personnel feeling is that the speculative hot money would fuel major rally in stock markets world over. International markets almost all markets is in GREEN and Japan NIKKEI has gained 1.69% till now Indian ADRs positive CRUDE $ 61.20. World Economic Forum’s Global Competitiveness Index (GCI) gives India the chance out break out of the rank- when u read the report u will understand how well India is doing with too many drawback due to lack of political will.

Outlook for Wednesday: Market to open very positive and short covering would push markets higher with very positive global markets and many positive news flow, now investors shouldn’t get carried away it is time where u have to stick to basic. BOT- built operate transfer companies which has a good cash flow model with growing traffic would do good in years to come & these companies have shed there premium which was there before MAY2006 GAMMON-IVRCL-HCC-NCC-NOIDATOLL to name a few. Few stock looks to gain big BEML-BHARTISHIPYARD-SATYAMCOMP-WIPRO-RANBAXY-WOCKHARD-CESC-TATAPOWER-IPCL-BIOCON-EMCO-TVSMOT and now RELIANCE near its all time high rs.1184 any breakout would soon make it cross rs.1270.

STOCK TECK view: http://prabhakar-views.blogspot.com NOIDATOLL(38.8 BSE) target rs.48-52 the stock is trading around 200DMA for a long time and this stock has a potenial upside ( stocks which are low priced investor buy heavily i would caution them when u add jus have it below 3% of u r investment )
http://in.groups.yahoo.com/group/prabhakar-views/join


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. 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://www.financialexpress.com/latest_full_story.php?content_id=141564 'India could handle 30% US banking process'
http://economictimes.indiatimes.com/articleshow/2030260.cms Ranbaxy eyes US co, eyes the record book too.