Intraday 18-12-2006.

Bulls in the market looks bit tired. Don’t be too much long or short at any point of time. For the day best strategy would be to short if market moves above 13740(SENSEX) and buy at dips below 13600(SENSEX). We remain positive for the day.

Buying can be considered in :

Tech Mahindra at 1127/= levels.

TTML at 17.45/= (This stock could be bought in delivery at this low levels.)

Dena Bank at 39.95/= (If this stock closes above 41/= we can see some interesting moves. For intraday keep S.L. of 38.50/=)

India Infoline at 275.80/= (S.L. 268/=)

Naukri at 574.90/= (S.L. 560/=)

Ray Ban, Peninsula Land, MNM, Nagarjuna Cons, Kalindi Rails are likely to continue their bull run.

Short:

UTV Software at 275.50/= S.L. 283/=.

Do have a look at our past performance :

~~Adviced to remain away specially in FNO and also avoid any longs on Thursday night as well as Friday Morning=> Market cracks by 172 points.
~~Same message passed for Monday=> Market cracks by 400 points.
~~Same message passed on Tueseday=> Market cracks by 402 points.

~~On Tuesday Night advice all of you to buy any stock saying “Special Christmas Discount” also said buy any TOM, DICK or HARRY. And a Huge list of stocks to Buy at my site=> Market zoomed by 186 points.
~~Same Message Passed on Wednesday=> Market zoomed by 306 points.
~~Same message passed on Thursday=> Market zoomed by 126 points to end week at 13614.50.