SENSEX, NIFTY TRADING LEVELS & TRADING CALLS FOR THIS WEEK 21.4.08

GLOBAL MARKETS FIRM ,INFLATION REACHED 7%

GOOD & ENCOURAGING RESULTS FROM WIPRO & INFOSYS

SENSEX MAJOR RESISTANCE 16800

NIFTY MAJOR RESISTANCE 5060

SENSEX TRADING RANGE : 15600 -17200

NIFTY SUPPORT LEVELS : 4800 - 5280

GOOD WEEKEND RALLY IN US MARKETS BCOZ OF GOOD & ENCOURAGING RESULTS FROM GOOGLE, CITY GROUP , CATER PILLER

NEXT WEEK DERIVATIVE SETTLEMENT, BE CAUTIOUS

LINE CLEARED FOR RELIANCE INFRATEL IPO , KEEP WATCH ON RCOM,ADLBAS

AND KEEP WATCH ON ALL ADAG GROUP COMPANIES , THEY CAN RALLY FROM THIS LEVEL

OTHER COUNTERS IN F & O CAN BE ACTIVE ARE BELOW :
SUZLON, POWERGRID, POWER FINANCE

INVESTMENT PICKS :

HINDUZA FOUNDRY: CMP 174 TARGET : 250

DIAMOND CABLES : CMP 384 TARGET: 500