MARKET SUGGESTION FOR JAN 07

                Last week market shows remarkable movement & closed above the psychological resistance of 6000 mark.Bulls holding full control now. The nifty having support at 5968, keep this level for all your long holding. Once nifty break this support line then bears will again enter in to market. So keep this in your mind before trading.  Now upside resistance for nifty is 6046-6050. If nifty break this level then we may see 70-80 points immediately. 
           Bank nifty as per weekly chart closed very nicely. One more up move is possible with target of 300+ points from here with sl of 12657. Keep sl for all your long on bank nifty at 12200 upto RBI policy it will be  stable above this level only. Also marekt expecting Q3 earnings of companies.
NEWS OF THE DAY                                                                                        
 1) Telecoms panel meeting on airwave auction  
 2) coal-power inter-ministerial meeting on long-term supply pacts in India's power sector-  So trade telecom & power sector with small quantity.

SYNDICATE BANK: Buy above 137 sl 134 target 
                             will be 140,144
ZEEL                    : Sell below 226 sl of 129 target
                              will be 222, 219

PORTFOLIO ALERT

  We are invested more than 80% amount. We need to hold some cash for buying at downside. So now we exit from some of stocks. Keep lic sl of 290. 



THANKS & REGARDS
      NSEBSENOW