Morning Call - Jan 22 2008

Market Grape Wine :

In House :

Nifty at a supp of 4970 and 4852 with resis at 5230 and 5319

Nifty downside likely to be limited to 4650 ~4600 and 16000~16100 on the sensex.

Mkt likely to stay very volatile for a couple of days.

F&O: Sell Satyam below 369 with a TGT of 350 and a SL of 378



Out House :

Markets at a support of 17017 & 16651 levels with resistance at 17989 & 18118 levels .

Markets to correct sharply with Nifty might support at 5000 below which 4800 levels .

Sell at every rise book profits at every rise .

Dark Horse : Buy A group Fundamentally sound stock at 16500 to 16800 level with 90 days horizon