Morning Call - June 27 2008

Market Grape Wine :

In House :

Nifty at a support of 4254 and 4185 with resistance at 4310 and 4350 levels.

Cash: sell RPL below 174 TGT 168 with S/L 176.70

Cash: Sell TISCO below 756.50 TGT 740 with S/L 761.

Future: Sell WELGUJ below 319 TGT 309 with S/L 326 .

Future: Sell RNRL below 77 TGT 71 with S/L 80.

Out House:

Markets at a support of 13926 & 13786 resistance at 14235 & 14114 levels .

Maintain strict stop loss as markets to open weak and selling to persist at every rise .

Inflation expected 11.55 to 11.77 % today .

Sell : JetAir & AirDeccan

Buy : HP & IOC at dips

Buy : ONGC at dips

Sell : DLF , HDIL & Unitech

Buy : Tisco at dips

Dark Horse : Horses have run out of Fuel , they are resting : TGIF : Thank God Its Friday : a tormenting week coming to a end .