Morning Call - Aug 16 2007

Market Grape Wine :

In House :

Nifty at a supp of 4314 and 4250 levels with resistance at 4396 and 4439 levels .

Gap down opening expected of 400 to 500 points in Sensex .

Sell : Intraday SBIN below 1610 target 1575 s/l of 1625

Sell : Intraday RelCap : below 1114 with s/l of 1133

Be cautious and sell at every rise and reduce position .

Out House :

Markets at a support of 14235 & 14523 levels with resistance at 15015 & 14786 levels .

Blood Bath in the waiting with Global sell Off .

Buy with a view of 3 to 6 months horizon as markets to see selling at every rise .

Buy : SBIN at dips

Buy : RIL & RPL at dips

Buy : IDBI at dips

Buy : Titan at dips

Buy : HanunToys at dips

Buy : ITC & HLL at dips

Buy : ONGC at dips

Dark Horse : HLL , ITC , SBIN , ONGC , Gacl & INFY & RIL