Market Summary 18-09-07

Today was the different day as from last 10 dayz of trading , a positive opening and -ve closing that wat we were facing , but today a week opening and a very strong closing giving a totally diff picture , As we have said earlier market was rangebound and was closed within its resistance level of 4540-4550, anyclose above this level could take markets to 4600 levels .

Sensex as told was also be rangebound..So there would be profit booking on the highs.

Our yesterdays calls of RIIL and Tata investmenst both were in circuits . from last two days ./

Mah seamless made high of 671 .. almost 70 rs up ..,REL went upto 935 (we are still bullish on this script).

Raymond, engg india , adani ent were clear cut winners today .. and could see further movement from here.
HDIL , icici and LT also ended up in Positive node and will remain in action for all positive opening .
Suzlon also zoomed after our buy call ,,our trgt will be 1350+ ..

Fed rate cut will be there and could act as a fresh trigger as such a gap up opening is expected with all banking stock to do better .
Almost all previous calls targets were achieved , with our team had started working on looking for hidden GEMS in the market and will be coming with them shortly.
We dont expect much from the sugar sector and suggest to book profit regularly .
GMR is still in ban period and so does IDBI , We suggest to stay long in idbi and buy on declines .