Stocks to watch out today( 22-Nov -07)

Markets took a hit yesterday . And were tanked almost 700 points .As we mentioned in yesyerday to our readers that any breakege below 5700 in nifty could take nifty down to 5500 lvls . And that what we have witnessed yesterday , as soon nifty breakes the support of 5700 we have seen massive sell of and the discounst figure in nifty clearly shows the how badly traders have shorted the nifty nifty fallen to 5540 lvls in futrs segmnt . we see 5500 spot nifty as rock support and 5470 as tech support as in last correction mrkst bounced back from these lvls .

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US markst took a hit yuesterday and are at very imp lvls of 12750 , any dwside from these lvls could take US mrkts to be in bear fase.
India may take a hit also . Sensex if correction continues below 5470 , we may see further dwnside also .. how much . that is to be noted .. analyst says it could go dwn as much as 5000 on nifty if 5470 around that is broken , but we dont see any reason for the dwnside as INDIA growth
continues , anydwside if happens that would be because of FII sell off and woul be against india growth story .

Valuations are not expensive at thse and markst are perfectly balanced with according to P/E ratio.
But any further buying is suggested only in uptrend after 5700 .
yes stock which were not hit in yesterday sell of can be broken . Strong scripts that did 'nt fall much are to be bought here . 20-30% of ur buying can be done at these lvls . but its better to watch mrkts settle first .
Stocks like IDFC , RPL , BSEL infra , GTL infra , NTPC , Neyveli lignite , power grid ,
GNFC , Lanco , ILFS , Koutouns ., TTML

Religare had aexcelent listing yesterday as we predicted stocks is in range of 500-600 .
all dips can be used to enter as it gt a massive expansion plans with foray into insurance sector to banking so its a growing comp . one can buy in dips for long term prospect ..

Asian mrkst are showing mix signals , and we belive indian mrkts to show its strength and bounce bk would be expected at thse lvls .
But the point would be FII who are selling and PN unwinding thats happening due to holiday season and end of yr .. so we have 50-50 chances ..
At any points short covering is gng to happen and when that would happen , you would see a sharp rise .. so nifty here is imp to watch for all decesions ..
Have a grt day !!!!

Stocks to watch out today( 21-Nov -07)

A SELL of from FII about 1800 cr is cash and 4000 cr in F&O and we fell about more then 300 points . Though nifty managed to sustain the closing abv 5770 lvls , but that does'nt seems to be imressive as of now .
US mrkst are facing the crunches of subprime and slow griwth rate and still Indian mrkst have nt been effected . We believe there might be some effect but that or so might be a little one .
India has different growth story and yes we cant refuse from the truth that we are not completely decoupled from the US and other asian mrkst so we might have a shadow of dark clouds on our mrkts too .

US mrkst though cvrd in the late hrs but asian mrkst are trading lowss as of noww with the mixed bag .
The mid cap rally cooled of a bit yesterday . Most of the times we have told all the readers to book the profit as soon in these kind of stocks , bcoz whenever we see profit booking in small caps and mid caps u wont gt chance to exit .
And again a wise advise to stay away from futrs and opt segment in these counters as they can trap u at higher lvls .

Nifty closing abv 5750 lvls and immd support at 5700 is considered as rock support for sensex .
Any closing in nifty below 5700 we can see dwside towwards 5500 lvls . Nifty below 5700 is def a targt for shorters.

Yeaterday IFCI surged to 106-7 lvls . We have reccom IFCI at 75 lvls . Hope eveyone has booked some profits at these lvls . IFCI need to close abv 105 for its 2nd trgt of 120 ..

TTML is in bull zone abv 46-47 lvls we can see 55-60 lvls in this counter .

JP hydro is moving slowly and stedily .. 125 wat we reecom to book profit at ..
buy in dips and ..

IDFC has a very strong closing yesterday . Closing at 200 lvls ,. abv 202 we can see 210-215 in short term ..


Yesterday our long back multibagger Air deccan which was underperformer was a star stock .
We have reccom this long back to our readers and fans .
THe stock performed amazingly yesterday and we expect some more action in this counter .
THe stock is in newzz as of noww for Mallaya grp again buying some stake in Air deccan .
Stake sale newzz ahs given moemntum buying to this counter .

Religare is getting listed today . Due to huge subscription we may see some fireworks in this
script . A listing in between 500-600 rs in nt ruled out . It will be anywhere between 30-35 times of its earning as of other listed trading comp in mrkst as of noww .
But a lot of action is expected in religare today ..

Keep an eye on moser baer and RPL .. ;)

A CHOPPY SESSION IS EXPECTED today . from mrkst overall so trade with caution and in small quant ..

Stock specific movement might be there . and trade with SL to avoid huge losses .
Have a grt DAY !!!