Market Summary 19-09-07

It was the day we all were witing for , 16K a dream rally and we passed reached that level , not only reached but crossed and closed with very positive breadth.After the strong positive opening the rally continued and showed a strong buying signals all over the sectors. The overall gains were not stocjk specific and the gains came with very high volumes almost 65,000 cr .So with such gud volumes we cant say the rally is short lived and we can easily some more uptrend in coming days
.After the fed cut the banking sector really performed well, specially icici , bank , SBI.
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ICICI gave more than 15,000 rs profit to our viewers as we have given this as BTST yesterday .
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But the star of today was Sugar sector, after the newz came about government fixing price of ethanol , it added a rapid positive momntum and scripts like Renuka , triveni , balrampur gained gud enough , some of them were in upper circuits .Sugar sector showed the move with respect to the positive news flow... our suggestion is to trade until the rally continues and then exit the sector .
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Our morning call on DLF and HDIL were the star gainers in realty sector and we are still bullish on DLF closed above 700 , further trgt of 770-800 is not ruled out.
We are positive on GMR too , its a sleeping lion..
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RIIL also performed well and added to wealth by some more thousands..Our morning call
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LANCO also rocked with crossing all resistance making a high of 350 , we have given call @ 302..
Other calls like REl capital also gained and RIL making a all time highs we expect further uptrend in this to the level of 2300...
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REL our all time high was also on bull run making high of 950 , WE have recommended this script at 680 lvls .
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.The only concern for the market now is the rising crude price ... which if touches $85 per barrell will make the markets nervous and can see some correction Despite ruppe rising to all time high we are bullish on IT for long term , Special pick for today was Tech mahindra which has given Positive breakout abv 1350 ..and can show further uptrend , we have trgt of 1450 + ..Nifty will have support at 4655-4680..
and may face resistance at 4775...over all a biggest single day gain ..and very positive breadth that what we are on .
.gd nite .. cheers ..