MARKET VIEWS - INTRADAY & SHORT TERM CALLS 16/07/07

HELLO ALL

HOPE YOU HAD A NICE TRADING WEEK. IF YOU REMEBER OR HAD GONE THROUGH MY BLOG AT THE START OF THE LAST WEEK, I HAD MENTIONED NIFTY AT 4450 AND SENSEX FIRST TARGET AT 15100 AND ANOTHER 200 POINTS UPSIDE ON THAT. WELL BOTH HAVE BEEN ACHEIVED.

NOW ITS THE TIME FOR THE SENSEX TO SETTLE AT THIS LEVEL ANYMORE UPSIDE WILL CAUSE A HUGE CORRECTION WHICH WE DONT WANT AT ALL. THIS WEEK SHOULD BE ONE OF SIDEWAYS MOVEMENTS WITH POSITIVE BIAS. EXPECT THE MARKETS TO BE UPBY ABOUT 1 TO 2 % . IF THE MARKETS SETTLE AT THIS LEVEL THE WEEK AFTER THIS WILL BE VERY INTERESTING WITH THE EXPIRY DUE AND THE HUGE SHORTS THAT HAVE BEEN BUILDING UP. ITS GONNA BE ONE CRAZY JULY!!!!.

MY ADVISE WOULD BE TO BOOK PROFIT IN STOCKS THAT HAVE RUN UP TOO SHARPLY.

UNITECH- MY POSITIONAL CALL GIVEN AT 520 LEVELS. I HAD GIVEN A TARGET OF 575 BUT IT TOUCHED 590 LEVELS. HOPE YOU ALL BOOKED OUT. ONE CAN ENTER THIS STOCK AGAIN WITH A INITIAL SUPPORT AT 542 AND 520. TARGET WOULD NOW BE ABOVE 600 IN THIS STOCK

ANOTHER OF MY SHORT TERM CALL GIVEN 2 WEEKS BACK ACHEIVED ITS TARGET AND MUCH ABOVE IT. ITS SAIL!!!

SAME GOES WITH ADVANTA , IT TOUCHED 999 (I HAD GIVEN 1000) AND WIPRO AND DISH HIT THE SL.

IF YOU HAD FOLLOWED ALL MY INTRADAY BLINDLY YOU WOULD HAVE MADE A COOL 20% OVERALL.(YES I DID THE CALCUALTIONS).

SHORT TERM CALLS - 16/07/07

BUY - DISH TV - TGT - 100 and above - resistance at 103.5

BUY WWIL - Tgt - 79 - sl 57 - resistance at 69 and 73 and above 85(resistance) levels this the stock will become bullish.

BUY FINOLEXPIPES - Tgt 95-98 ++ sl at 83.5

BUY GLOBAL DISTRIPACKS - Tgt 210 ++ sl 183. resistance at 200.

BUY BERGER PAINTS WITH SL AT 48

APPLY IN FULL FOR ZYLOG SYSTEMS IPO AT CUTOFF OF 350


INTRADAY CALLS - 16/07/07

SELL GMR INFRA - TGT 885 and below - sl 925.

SELL DLF BELOW 600- TGT 582 - SL 600

BUY BERGER PAINTS - TGT 53.5 SL 50

BUY ABB - TGT 1135++ SL 1115

BUY - IDEA CELLUALR - TGT 123.5 ++ SL 120

BUY - SATYAM COMP - TGT - 500 ++ SL 488


I DONT HAVE POSITIONS IN ANY OF THE ABOVE STOCKS BUT MY CLIENTS MAY HAVE.