09/09/09 - Market cues & calls

Nifty opened gap up and went near 4850 mark with 4845 as high. Profit booking witnessed @ higher levels.FII and DII both are net buyers yesterday. Our SBIN long recommendation did target1 hold for 2000. Reliance did splendid job yesterday with high volumes,though nifty skipped it totally. So until 4700 holds its a buy @ dips. we will see buying @ all correction dips.4785 and 4825 is the levels to watch out today. Intraday indicators are over bought. Still I bet for 4850 today. Running out of time so will finish here.

Levels ::

Bearish > 4804 < Bullish

Positional Picks ::

HEG
EXCEL CORP
NEYVELI LIGNITE
WWIL

Happy trading !!!!