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