Global Markets.

Dear All,

HI This is sudhir posting second message in this forum,think we are heading for similiar fall like may'06.Since U.S Markets opened again lower by 1% & as well as NASDAQ.

So we might see another gap down opening tomorrow,even in this market
u can make good money in markets(stock specific approach).

I have been steadliy watching few penny stocks which have given good returns even today like NEOCURE THERAPEUTICS LTD,KOTHARI PETROCHEM LTD,JENSON & NICHOLSON (IND),CHEMPLAST SANMAR LTD,PEARL ENGG POLYMERS LTD & BISLERI GUJARAT.

Please watch all these stocks prior to invest & Support for Nifty could be 4015,3975,3800 while for SENSEX could be 14250,14000,13850.

I'm Just sharing my views over the above discussed.

If i have said anything wrong,feel free to reply.

Thanks&Regards,
P.Sudhir Kumar.

Hello Sudhir,

"Please watch all these stocks prior to invest & Support for Nifty could be 4015,3975,3800 while for SENSEX could be 14250,14000,13850."


While I agree with you as far as Sensex levels you've written, I cannot agree about the Nifty levels. For Sensex to go to 13850 means a 3.5% fall from the present levels. If you apply 3.5% fall to Nifty from present level it gives you 4032. Today also as Sensex fell 4.28%, Nifty recorded 4.38% fall - meaning their levels have to be comparable.

Since DJIA is currently almost 170 pts down (about 1.5% fall and expected to close around that level), I expect Sensex to dip to 13850 levels tomorrow. My personal opinion is that Nifty will not breach 4000 level. I think there is enough money on the sidelines waiting to be pumped in when Nifty goes below 4050 tomorrow. Let's hope it happens that way in any case. All the best.
Paresh