Morning Call - July 29 2008

Market Grape Wine :

In House :

Nifty at a support at 4257 and 4220 with resistance at 4360 and 4430 levels.

Cash: Buy RELIANCE above 2285 target 2348 with S/L 2255.

Cash: Buy REL CAPITAL above 1351 target 1420 with S/L 1319.

Future: Sell ADLAB below 538 target 510 with S/L 548

Future: Sell LITL below 350 targets 330 with S/L 360.






Out House:

Markets at a support of 14014 & 13876 levels with resistance at 14532 & 14441 levels .

RBI credit policy today might see a REPO rate hike , and weak US markets to see markets open downward with a gap .

Buy : Adalbs at dips

Buy : Sail at dips

Buy : Relcap

Buy : LNT at dips

Buy : ITC

Buy : SBIN

Buy : HLL at dips

Buy : Core project at dips

Dark Horse :Adalbs , SBIN , LNT , Core & MRPL