Intraday Calls for 29 Dec

BUY Ongc Ab 645 SL 637 TGT 670 688

BUY Satyam Ab 138 SL 134.65 TGT 143 148

BUY Renuka Ab 65 SL 63.5 TGT 69 72

Here's wishing all a merry christmas and happy new year 2009!

OPEC makes deepest oil cut ever to rescue prices

OPEC makes deepest oil cut ever to rescue prices

ORAN, Algeria (Reuters) - OPEC oil ministers agreed their deepest oil cut ever on Wednesday, slashing 2.2 million barrels per day from oil markets in a race to balance supply with rapidly crumbling demand for fuel.

The 12 members of the Organization of the Petroleum Exporting Countries were also aiming to build a floor under prices that have dropped more than $100 from a July peak above $147 a barrel.

The cut, effective from January 1, comes on top of existing reductions of 2 million bpd agreed by OPEC at its last two meetings. It lowers the group's supply target to 24.845 million bpd.

"I hope we surprised you -- if not, we have to do something about it, said OPEC President Chakib Khelil, host of the conference.

Oil fell more than $3 toward $40 following the deal, after weekly U.S. data showed inventories in the world's biggest consumer continued to swell.

A deepening recession has battered world demand and fuel inventories are bulging worldwide. Prices already have plunged by two-thirds since the summer and analysts say the oil market is under the sway of world financial turmoil.

"The world economy is driving the price more than anything OPEC can do at this stage," said Gary Ross, CEO of consultancy PIRA Energy. "It will be hard for the cuts to have any traction with regard to price in a deteriorating economic environment."

OPEC's president said the group would do its utmost to ensure new restraints were strictly enforced.

"I can tell you it's going to be implemented and it's going to be implemented very well because we do not have a choice," said Khelil, also Algeria's energy minister.

"If not, the situation is going to get worse."

Saudi Arabia, the world's biggest oil exporter, has led by example -- reducing supplies to customers even before a cut has been agreed to help push prices back toward the $75 level Saudi King Abdullah has identified as "fair."

"The purpose of the cut is to bring the market into balance and avoid the gyrations of the price," said Saudi Oil Minister Ali al-Naimi. "The cut may lead to higher prices or may not."

The cut, the third this year, brings a total reduction in OPEC supply to 4.2 million bpd, nearly a five percent cut in world oil supplies. OPEC is due to meet again on Mar 15.

FEELING THE PAIN

Oil below $50 is uncomfortable for all producing nations, but especially for OPEC members Venezuela and Iran which are dependent on higher prices to fund ambitious domestic programs.

It is hoped that a sharp supply cut will set oil on the path toward $75.

"You must understand the purpose of the $75 price is for a much more noble cause," the Saudi Oil Minister said. "You need every producer to produce and marginal producers cannot produce at $40 a barrel."

"Therefore we believe that $75 is probably more conducive to marginal producers to continue so we don't have a shortage in the market and we avoid the future sky-rocketing of prices."

Analysts said a limited recovery in prices would put a bit more strain on a recessionary global economy, but it may help pull the world back from the brink of deflation -- a growing source of concern.

The influential Saudi Oil Minister clearly outlined the kingdom's route to lower production.

It is pumping 8.2 million bpd against 9.7 million bpd in August. Saudi Arabia's implied output target is about 8.477 million bpd under existing OPEC curbs.

To have a lasting price impact, any OPEC deal must to be strictly observed.

According to independent observers cited in OPEC's monthly report on Tuesday, the group's compliance in November to existing cuts was only just over 50 percent.

Analysts said deeper cuts would further test discipline in the group. That restraint would be needed to slim down growing world oil stocks.

OPEC has encouraged other producers to cut back too. Russia and Azerbaijan are attending the Oran meeting as observers and have said they could rein in exports in future, but stopped short of am immediate pledge.

Leading a high level delegation, Russia's Deputy Prime Minister Igor Sechin said in a speech to OPEC that Moscow did not plan to join in coordinated output cuts and did not want to join the group.

(Additional reporting by Simon Webb, Katya Golubkova and Alex Lawler in Oran, Randy Fabi in Abuja, writing by Peg Mackey, editing by William Hardy) (Source : Yahoo Finance)

BUY PUNJLLOYD AROUND 150 S.L 140 TGT 165-178-185

BUY CHAMBLFERT ABOVE 32 S.L 29.25 TGT 38-42.2-47

BUY RELIANCE ABOVE 1127 S.L 1080 TGT 1218-1287-1308

SELL INFOSYS IF CLOSING BELOW 1200 S.L 1260 TGT 1087-1045-985

SELL RELIANCE IF CLOSING BELOW 1150 S.L 1220 TGT 1090-1027-935

SELL ICICIBANK BELOW 415 S.L 442 TGT 370.5-355

SELL PUNJLLOYD BELOW 197 S.L 210 TGT 178.8-165.5

Option Strategies

1). Bull spread: :

when the market is expected to go up (bullish outlook) a bull spread can be created to make profits in rising market with minimum amount of risk. Bull spread is created by buying a call/put of lower strike price and selling another call/put of higher strike price.

2). Bear spread:

When the market is expected to go down (bearish outlook) a bear spread can be created to ensure profits in a falling market with minimum amount of risk. Bear spread is created by buying a call/put of higher strike price and selling another call/put of lower strike price.

3). Bottom straddle or Straddle purchase:

when the market is expected to be volatile and the direction of it is not clear bottom straddle strategy can be created. Bottom straddle can be created by buying a Call and a Put together of the same strike price and same expiry date.

4). Top straddle or Straddle sell:

when the market is expected to move in a sideways zone a top straddle can be created. Top straddle can be created by selling a Call and a Put together of the same strike price and same expiry date.

5). Butterfly Spread:

when the market is expected to move in a sideways zone a Butterfly spread can be created. Butterfly spread can be created by buying two call options, one with low strike price and the other with comparatively high strike price, and selling two call options having the strike price which lies in the middle of above two strike prices and which is close to the current prevailing market price.

6). Strangles:

when the market is expected to be volatile and the direction of it is not clear bottom straddle strategy can be created by buying a call of higher level and buying a Put of lower level. Both of these price levels of buying Call & buying Put forms the basis of ranges of Index beyond which it is expected to remain. If the prices remain outside the price range he makes profit otherwise loss.

7). Strips:

when the market is expected to be volatile and the direction of it is not clear bottom strips strategy can be created by buying a call and two puts of same strike price. Investor makes profit if the exercise price close far from the strike price of Call and Put taken.

8). Straps:

when the market is expected to be volatile and the direction of it is not clear bottom straps strategy can be created by selling two calls and a put of same strike price. Investor makes profit if the exercise price close far from the strike price of Call and Put taken.

A FEW GOOD REASONS TO USE A STOP LOSS

1. Using a stop loss forces you to identify the risk of your trade you must not enter a trade without knowing the risk.
2. A stop loss works best when it is set at the point where the reason for the current trade disappears.
3. Using correctly, a stop loss will reduce risk more than it will reduce profits.If you are stopped out be sure you have a plan for reentering the next trade.
4. A stop loss is not likely to save you in a price shock, but you might get lucky.
5. A stop loss lets you sleep better.
6. Done correctly a stop loss is like the cost of insurance you dont mind paying, but dont want to collect ..........So please dont trade without stop loss.

ETIG's 100 Fastest Growing Companies

	3-Year CAGR (%)		3-Year Average
Company	Net Sales	PAT	RoCE (%)	ICR*	FY08 Net Sales (Rs Cr)	FY08 PAT (Rs Cr)	M-Cap** (Rs Cr)	Sector
ICSA (India)	214.8	210.0	67.8	132.7	670.7	111.1	1,305.2	Infotech
Allied Digital Services	79.2	211.6	62.8	103.5	297.4	43.6	1,239.2	Infotech
Prime Property Devp Corp	86.4	185.3	48.1	394.7	105.4	32.5	120.2	Real Estate
Resurgere Mines & Minerals	81.0	561.4	100.2	32.8	403.0	66.6	733.5	Mining & Minerals
Sharon Bio-Medicine	93.3	254.2	30.8	747.8	171.0	17.8	101.7	Pharmaceuticals
Tanla Solutions	173.8	189.8	51.1	15.8	459.8	166.5	1,906.9	Infotech
Northgate Technologies	102.1	110.9	31.0	1,141.4	551.3	72.9	904.9	Infotech
Venus Remedies	84.4	117.5	43.2	59.5	213.6	42.2	316.9	Pharmaceuticals
Geodesic	98.9	98.2	31.1	1,027.3	316.4	148.6	1,511.5	Infotech
Info Edge (India)	70.6	451.8	60.4	11.4	218.9	55.5	2,056.7	Entertainment & Media
Omnitech Infosolutions	41.6	192.3	39.3	19.6	132.0	25.5	154.1	Infotech
Glodyne Technoserve	65.0	99.3	44.1	16.2	307.9	40.6	680.6	Infotech
Dhanuka Agritech	65.8	70.9	38.4	47.0	248.2	16.9	159.1	Pesticides & Agrochemicals
Vakrangee Softwares	87.4	159.9	26.8	40.5	223.9	49.7	386.4	Infotech
Prajay Engineers Syndicate	145.5	184.9	30.3	12.2	344.0	102.9	190.9	Real Estate
Esab India	22.2	38.0	107.4	586.7	343.0	53.6	653.3	Electrodes
Easun Reyrolle	56.1	92.0	39.1	17.4	194.9	25.3	179.2	Capital Goods
KLG Systel	95.5	174.7	23.2	35.2	273.0	52.6	409.6	Infotech
Eclerx Services	66.1	58.4	172.1	10.5	121.7	44.6	316.4	Infotech
Techno Electric & Engg	55.1	115.5	53.2	9.0	429.6	49.1	708.3	Construction
KCP	35.9	71.1	34.7	119.0	508.1	80.2	326.9	Cement & Cement Products
3M India	33.4	38.4	40.1	269.4	610.6	67.7	1,751.5	Trading
Kewal Kiran Clothing	82.8	78.4	34.9	15.0	159.6	21.1	216.7	Textiles
Himadri Chemicals & Inds	34.7	143.4	26.8	100.3	363.3	82.9	1,073.0	Mining & Minerals
Micro Technologies (India)	91.0	98.5	25.1	34.3	186.7	54.9	214.8	Infotech
Titagarh Wagons	72.8	102.3	43.5	7.7	559.6	60.6	1,252.6	Miscellaneous
Aurionpro Solutions	156.3	123.2	18.9	44.1	176.1	30.9	384.2	Infotech
Kirloskar Pneumatic	15.1	178.5	33.2	63.3	402.8	30.5	459.9	Capital Goods
Action Construction Equipment	66.7	98.1	49.9	7.4	406.4	34.0	531.5	Capital Goods
Deccan Cements	23.4	107.9	30.3	265.9	209.2	48.0	143.3	Cement & Cement Products
Paramount Communications	89.8	259.3	31.0	7.0	679.4	63.5	147.3	Cables
Karuturi Global	199.2	157.7	23.1	15.6	401.0	102.0	738.1	Floriculture & Horticulture
Gujarat Apollo Inds	58.4	104.3	25.5	38.6	249.6	45.1	174.9	Capital Goods
Page Industries	37.1	77.8	55.7	12.1	192.4	23.8	482.5	Textiles
Bharat Bijlee	31.8	37.7	65.6	25.9	562.4	72.5	724.6	Capital Goods
Balaji Telefilms	24.4	32.3	39.6	386.2	378.4	95.6	1,023.0	Entertainment & Media
Sagar Cements	53.0	125.6	31.5	9.9	223.1	33.0	453.3	Cement & Cement Products
Voltamp Transformers	47.1	74.8	70.5	7.3	555.4	79.9	763.3	Capital Goods
Nesco	54.6	80.7	107.7	5.7	105.4	36.7	627.5	Diversified
Nucleus Software Exports	40.9	43.8	36.8	31.6	288.7	61.7	477.1	Infotech
Aries Agro	38.8	130.9	37.6	9.0	103.4	13.2	145.0	Fertilisers
Hind Rectifiers	25.2	57.3	56.5	16.0	102.0	12.3	104.4	Consumer Durables
Torrent Cables	20.2	26.7	56.4	57.8	218.9	30.3	103.3	Cables
KNR Constructions	78.2	87.7	23.1	25.1	543.9	30.7	174.8	Construction
Om Metals Infraprojects	38.8	77.9	23.7	78.0	120.9	18.3	220.9	Steel
Maithan Alloys	31.2	25.1	33.3	132.4	378.4	39.2	259.8	Ferro Alloys
FCS Software Solutions	34.0	51.8	26.5	202.0	204.2	32.4	103.6	Infotech
Indo Tech Transformers	41.2	70.7	44.4	8.9	189.9	39.0	369.3	Capital Goods
Bilpower	80.1	80.1	27.3	11.4	344.9	24.2	166.5	Steel
Grindwell Norton	18.4	65.9	35.3	52.7	440.8	133.4	536.5	Abrasives
DS Kulkarni Developers	135.8	120.0	15.2	18.3	459.4	39.2	179.3	Real Estate
IFGL Refractories	49.6	33.6	28.1	33.9	378.0	28.5	166.5	Refractories
Autoline Industries	70.8	155.1	19.7	14.4	341.3	30.2	177.0	Auto Ancillaries
Manugraph India	37.8	26.0	48.3	12.1	648.4	59.1	249.5	Capital Goods
Prime Focus	93.7	51.8	30.5	7.8	227.4	28.8	526.0	Entertainment & Media
Ganesh Housing Corp	104.5	115.9	24.1	6.4	127.4	106.0	540.2	Real Estate
Automotive Axles	33.4	33.3	48.3	10.6	611.7	53.6	405.2	Auto Ancillaries
Brigade Enterprises	41.4	73.3	33.4	8.2	460.7	102.0	1,296.4	Real Estate
Banco Products (India)	30.0	59.3	28.4	30.3	298.9	43.3	223.0	Auto Ancillaries
TRF	30.7	115.7	42.1	5.8	446.3	39.7	361.9	Capital Goods
Oriental Hotels	21.8	41.5	24.2	510.9	245.5	53.1	406.7	Hospitality
Lloyd Electric & Engineering	39.3	75.9	17.1	64.7	668.2	60.4	220.8	Consumer Durables
Madras Aluminium Co	16.1	20.6	36.3	77.7	474.4	65.3	1,631.9	Metals
Tata Elxsi	29.3	26.2	64.4	9.4	402.0	52.9	467.7	Infotech
Kennametal India	16.6	19.4	38.4	55.4	357.2	42.3	518.4	Capital Goods
Texmaco	45.3	64.0	31.3	7.8	699.8	69.1	1,221.3	Capital Goods
Elgi Equipments	20.9	25.1	30.5	63.8	504.0	41.9	362.3	Capital Goods
Kavveri Telecom Products	104.1	124.7	20.5	6.0	157.9	12.4	108.9	Telecom Equipments
Hindustan Dorr-Oliver	54.0	173.4	20.3	8.5	306.0	22.9	324.2	Capital Goods
Zenith Infotech	62.9	118.7	22.2	7.6	130.7	40.2	328.5	Infotech
Panoramic Universal	93.6	73.0	15.5	15.6	131.9	33.8	314.8	Hospitality
Gemini Communication	49.3	80.4	30.2	6.3	236.1	27.5	319.8	Telecom Equipment
Emami	41.2	45.6	40.5	5.4	618.0	90.2	1,752.3	FMCG
Zandu Pharmaceutical Works	18.9	21.9	32.0	27.4	168.8	16.5	1,342.0	Pharmaceuticals
Ahmednagar Forgings	53.9	62.6	27.9	6.4	600.0	65.9	290.9	Casting & Forging
Shanthi Gears	26.1	32.2	27.9	22.2	244.1	44.2	591.2	Capital Goods
Gwalior Chemical Inds	29.4	23.9	20.2	333.0	294.9	25.0	210.0	Chemicals
Sarda Energy & Minerals	40.1	88.5	19.0	13.0	624.8	121.4	784.7	Steel
Ferro Alloys Corp	26.4	101.5	34.3	5.1	312.6	49.3	355.4	Ferro Alloys
Cranes Software Int'l	34.2	35.7	18.3	53.7	395.2	115.0	1,303.1	Infotech
Walchandnagar Industries	45.8	107.3	26.8	5.1	634.3	35.6	772.9	Capital Goods
Taj G V K Hotels & Resorts	30.6	47.2	38.9	6.0	257.5	70.4	530.1	Hospitality
Repro India	20.7	51.6	16.8	132.6	152.5	15.6	139.9	Office Equipment & Stationary
Jindal Drilling & Inds	60.0	27.1	20.3	14.6	412.8	18.4	1,570.5	Oil & Gas
Infotech Enterprises	37.9	46.2	21.6	11.7	674.1	85.6	1,161.6	Infotech
Aegis Logistics	47.8	43.2	28.7	5.4	389.3	38.4	295.0	Transport & Logistics
Phoenix Lamps	22.7	57.3	23.3	15.2	356.7	48.0	342.1	Auto Ancillaries
G M M Pfaudler	20.8	26.9	27.2	16.8	142.0	15.6	120.7	Capital Goods
R Systems International	23.1	335.3	16.4	9.3	247.1	19.0	109.9	Infotech
Bihar Caustic & Chemicals	17.3	23.0	23.8	45.5	174.3	49.3	149.0	Chemicals
Helios & Matheson Information Technology	48.5	36.4	28.8	5.2	400.7	47.2	111.9	Infotech
Tata Sponge Iron	24.6	16.2	26.0	20.4	465.7	95.5	299.8	Steel
Asian Hotels	25.8	73.2	27.0	6.5	513.5	132.6	899.8	Hospitality
Numeric Power Systems	35.7	46.6	29.1	5.3	426.0	42.6	267.2	Consumer Durables
Wanbury	47.8	40.8	18.1	9.4	233.5	19.6	117.7	Pharmaceuticals
Thomas Cook (India)	29.4	22.8	20.7	19.9	286.2	51.9	1,334.2	Hospitality
Vinati Organics	44.5	68.3	21.1	6.0	146.3	15.2	104.9	Pharmaceuticals
Royal Orchid Hotels	31.6	29.8	25.1	9.0	130.0	32.3	208.0	Hospitality
Ramkrishna Forgings	40.4	25.3	19.6	10.1	208.2	13.0	163.1	Casting & Forging
Natco Pharma	27.6	196.2	18.2	5.1	332.7	40.5	201.7	Pharmaceuticals
*Interest Coverage Ratio **Monthly Average for September '08 Source: ETIG Analysis, Capitaline

BUY BANKINDIA ABOVE 295 S.L 289 TGT 312-323

BUY IDFC ABOVE 58.5 S.L 55 TGT 69.65-72.9

BUY RCOM ABOVE 258 S.L 242 TGT 279.65-301.5

BUY NIFTY 3600 CE FOR MONDAY

SELL NTPC BELOW 165 S.L 168.5 TGT 160.45-156.65

SELL PUNJLLOYD BELOW 185 S.L 191 TGT 171-166

SELL SESAGOA BELOW 85 S.L 89 TGT 73-65

SELL RCOM BELOW 271 S.L 278.5 TGT 254.10-239.25

SELL SAIL BELOW 108 S.L 109.5 TGT 102.9-98.25

BUY CAIRN ABOVE 170 S.L 168.5 TGT 184.5-191

BUY RPL ABOVE 114.5 S.L 113.5 TGT 121.75-127.5

BUY SAIL ABOVE 110 S.L 108.5 TGT 114.5-117.65

BEAR MARKET

Bear Market 2000-2002: Replay in 2008

As you can see in the chart above, the 2000-2002 bear market was not only painful in terms of price correction but also time correction. Here are some facts -

• Nifty peaked in Feb 2000

• It then took 8 months for the market to slide to 200 week moving average. The price correction was 36% and it happened between Feb 2000 and October 2000.

• The market then bounced back from 200 week moving average - 20% bounce. This was Oct-Feb period - generally good period of equities

• The market then tumbled below 200 week moving average in March 2001.

• The market sharply tumbled 30% on break below 200 week moving average.

• Time Correction - It took 29 months for market to recover once market slipped below 200 week ma. It was a painful slow recovery.

• Every rally below 200 week ma got arrested at 200 week ma during those 29 months of recovery.

• The bull market resumed when market finally broke out above 200 week ma in August 2003.

Dow Hit a 3 Year Low on last friday, Liqudity drives Global markets, sensex 3 Year Low is 9810, Will we Hit it ?Hedge your investments by Buying GOLD, October is also the Month when Local Mutual funds & FII's will face redemption due to Festival and Christmas Season. So liqudity will be low...

SELL RPL BELOW 140 TGT 124-118 S.L 145
SELL RELIANCE BELW 1920 TGT 1865-1820 S.L 1977
SELL RELCAPITAL BELOW 1155 TGT 1103-1085 S.L 1185

Next week, the nuclear deal is an important event and on this Sunday Mukesh Ambani, Chairman of Reliance Industries will announce the production of oil and gas which will be another big event. The above mentioned two events will help market remain strong.

SELL SBIN 1592 S.l 1625 tgt 1540-1518
SELL LT 2737 S.L 2780 tgT 2652-2618

BSE 14,555 is an important level to hold the market. Below this level market is weak upto 14,350 and 14,150. Here I want to mention that 14,786 level is the most important level to come out of bear and volatile markets. Until this level is not crossed we would face volatility and stock specific movement.
ADAG group stocks and banking stocks both private and PSU were ruling on Friday. But I feel one must book profit on every rise until above given safe level of 14,786 doesn`t come.

Market has fallen as it was unable to reach 14,786 level. The banking sector led the fall, being an important sector for the stock market in the last two months. The sector was holding the market but when this sector became weak the entire market was shocked and the unwinding process started.

BUY NIFTY 4500CE AROUND 15 TGT 65-80 HOLD THE POSTION TILL EXPIRY.

Today Nuclear Supplier Group will take a decision on India`s N-deal with US. This may help to improve the market sentiments. Also inflation figures are expected tomorrow, which will be an event for the market. I feel from August 22 there will be positive mood in the markets and the market will give profitable trading opportunity.

On the BSE above 14,350 level, 14,555 and 14,786 are next two crucial level for the markets to sustain growth. The current mood in the market is unclear as there is no big event to help in the market and until FII and negative global markets are keeping domestic traders and investors cautious.

BUY ANSALINFRA AROUND 104 S.L 101.4 TGT 109.5-116
BUY NIFTY 4400CE AROUND 72 S.L 55 TGT 120 145

SELL RELCAPITAL BELOW 1278 S.L 1308 TGT 1251-1233
SELL SUZLON BELOW 232 S.L 243 TGT 218-211

NIFty Weekly Close is Negative After 5 WEEK pOSTIVE Closing.It is Bearish for the market.
BSE 14,786 is a vital level to hold or remain in the market, however below this level it can be dangerous to be in the market.

Sell RPL Below 163 S.l 168 Tgt 155 151
Sell Rcom Below 418 S.l 433 Tgt 402-393-383

TODAY IIP DATA DECIDE THE TREND OF MARKET FOR THIS WEEK
EXPECTED 5.3%
BUY EDUCOMP ABOVE 3600 S.L 3480 TGT 3850

INTRADAY TRADING CALL
BUY RELCAP ABOVE 1437 For tgt 1487-1538 S.L 1405
BUY SUZLON Cmp 245 S.L 233 TGT 257-265
BUY HINDALCO CMP 144 S.L 140 TGT 153-157
BUY HDIL CMP 500.65 S.L 493.5 TGT 508.5-518

DOW Still below 50 DMA and 200 DMA with consider strong hurdle 11700. Continue close above, first sign of trend change. On Friday closed above 11700 which is bullish sign.

ABAN Offshore Has Double Bottom Support at 2405 Buy For theTGT 2640-2790.
Financial tech. Has Double Bottom Support at 1355 Buy For theTGT 1480-1520.

Out of given three BUY Calls on THURSDAY Watch the impact on this WEEK.
Buy Nifty Fut Around 4460-4485 S.L 4380 For a TGT 4630-4680
Buy Reliance FUT Around 2265-2278 S.L 2240 TGT 2360-2430
BUY Nifty 4600 CE Around 80-90 S.L 55 TGT 140-165

India's annual inflation has come in at 12.01% for the week-ended July 26, slightly above the previous week's annual rise of 11.98%. It's the highest inflation in the last 13 years.

SELL RCOM BELOW 445 SL 457 TGT 425- 408
BUY GITANJALI AROUND 270 SL 254.5 TGT 291- 313

On the BSE if the market falls below 15,150 level the markets will be weak upto the level of 14,888 and 14,786. Today evening inflation figures are expected which are expected to be lower than that of previous week so I expect some buying will be seen after the mid-session. Till the mid-session market looks weak upto above given levels.Overall markets are in the safezone until they are above 14,786 level

The Nifty Put-Call ratio of open interest remains comfortable around 1.25 while the volatility is still high at about 55%. Going forward, volatility is expected to subside in the absence of any major political or economic triggers. We expect Nifty to trade in the range of 4365-4650 this week. The possible levels for Nifty on the upside beyond 4630are 4770 and 5075; however, the Bull Run will not be reinstated until Nifty closes above the 5100 mark.

Buy Nifty Fut Around 4460-4485 S.L 4380 For a TGT 4630-4680

Buy Reliance FUT Around 2265-2278 S.L 2240 TGT 2360-2430

BUY Nifty 4600 CE Around 80-90 S.L 55 TGT 140-165

22nd July 2008 are very crushal of Indian Capital Market

Vote of Confidence

Please listen all political parties.

For the interest of our nation

Why not all the major political parties will consensus in the matter and agree to continue support of present government till further election.

IF AND BUT ASSUMPTION

1. If congress win the confidence vote -Then we may see – Reforms will be accelerate, Confidence will regain towards India and more and more funds will deply in the market/project. All are result market will move 1000 to 2000 point.

In case of govt. survive Catch Anil ADAG and Power stocks

2. If congress unable to produce confidence vote then -Reforms will be stopped, redemption pressure will be built of domestic mutual fund, more and more selling will be invited in the market and likely FIIs will start quick India movement, till the position clear. Further be prepare for 2000-3000 points fall.

OPTION STRATEGIES

BUY NIFTY 4300 CE Around 40

BUY NIFTY 3800 PE Around 50

Nifty is Expected to open around 4000 level But Resistance of 4041 level is the major hurdle.
Sell Nifty on every rise mkt is still volitaile till 22 july.
nifty today support 3875-3911 Resistance 3980 4020

The weekly inflation data will be out today. The government has shifted the date of release of the inflation data from this week to Thursday evening, 5 pm.

A CNBC-TV18 poll sees inflation surging to 12.03% for week ended July 5. The RBI governor YV Reddy has already told a Parliamentary panel that inflation will start moderating only after six months.

As a result of global market downturn and our `political wrestling`, market is in panic selling pressure. Clarity about market will come only after the outcome of confidence motion on nuke deal; untill then investors or traders should wait and watch.

BSE 12,345 and Reliance 1,946 and 1,875 are two important support levels for entire market.

For the TIME cycle Mkt Expectded to move down on 18 July.

MKT Looking Weak today opening expecting to 3940 nifty.if nifty close below 3900it may test his new low in this weak. 3740 level is expected to comes on 18 JULY.

Golden Rules of Profitable Trading.
1. Making money in the markets has almost nothing to do with how often you win - but everything to do with how you manage your risk.
2. Never risk more than 10% of your account equity on any one investment, trade, or recommendation.
3. Always use protective stops!
4. How you exit a trade is as important, if not more important, than how you enter it.
5. Discipline makes money - Discipline in predetermining your risk and putting as much emphasis on when no exit a trade as you do on when to enter a trade.
6. Ignore the News.
7. Always keep in mind : News does not dictate the major trends in any market or security. To the monetary, news flows from the trends.

BUY NIFTY 4000 CE TGT 4238 Nifty Spot Stop Loss 3900 NIFTY spot.

BUY Infosystch 1800 CA Around 30 Stop Loss 18 TGT 60-75.

Tomorrow Three 'I' Factor Hold the key of Indian market.

First Infosys Result
Infosys Technologies is to announce its Q1FY09 results. According to CNBC-TV18's estimates, the company's net sales are expected to go up 7.8% to Rs 4895.7 crore from Rs 4542 crore.
Its net profit is seen up 1.9% to Rs 1272.2 crore from Rs 1249 crore.
Itd EPS is expected to be Rs 22.53.
Q1 GUIDANCE
Re terms
Revenues 4570 – 4582 cr
Growth 0.6-0.9%
EPS Rs 20.73
Re/$ 40.02.

Second IIP Data

Third Inflation Number

Market opening will be led by Infosys results tomorrow