Market Summary for 03-1-07

WHooooosssshh thats all we can say for todays market ..wat a day it was from a days high of more than 550 points we slipped into red and the way we recovered was really amazing .
We have warned our readers in the morng itself that the time is not correct for making fresh investments still people came up with problems and do wrong things .

We also warned in the morning itself not to trade in under 100 rs script and the result is shown today .. small investors were stuck at higher levels and there was no way that he/she could have recovered.
cheers for our research team all our calls rocked the market with DLf ending 900 lvls it will reach that lvls we know from the starting of month but with this pace dont know ..our revised trgt is 1000rs .
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Todays turnover was almost 1.3 lac cror ..record high
and the sensex is just a few points away from that magical figure of 18000.
though the way we recovered is in bullish tone and so far no major fall expected but if there is a fall it would be very sharp ,
We have told earlier intraday dips are coming and volatility is increasing that is a signal of acorrection .
Any one who waana go long can buy only in intraday dips , so far all scripts have ran a lot .
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REL th way it recoverd we were expecting the revised trgt for REL is 1600 , no doubt whereevr mrkt goes it will reach 1600 sure shot .
Reliance Power has filed DRHP with SEBI for IPO.Reliance Energy has moved up following this news that was expected.
REL holds 51% in REl power..
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We may not face any major correction till Diwali but yes profit booing would always be there.
Our online parteners suggested to buy IT and we too recomm IT from last week and the resuld is there INFY touch 2000 today we expect it to reach 2100 lvls in the result session .
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The current markets is not for new fresh investmenst its for only those who wanna play ..and play safely is wat our mantra is ..
We always advise our readers to trade with a SL and if u have followed us we think u did'nt gt caught of the volatility , thogh all calls made a good profit .
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Coming result season one can look to buy IT and pharma .. no other sector supprt the rally bcoz these are the two which did'nt participated in current gains .
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Nifty supp at 5058 lvls .. Sensex tech supp 17300