FIIs net buyers of Rs 311cr in cash market

Foreign institutional investors (FIIs) were net buyers of Rs 311.37
crore (provisional) today, according to data released by BSE.

While FIIs made gross purchases of Rs 2,275.51 crore, gross sales totalled Rs 1,964.14 crore.

Domestic
institutional investors (DIIs) were net sellers of Rs 8.26 crore
(provisional) today. While DIIs made gross purchases of Rs 841.01
crore, gross sales totalled Rs 849.27 crore.

FIIs were net
buyers of Rs 410.40 crore on Wednesday, September 5, according to data
released by Sebi today. While FIIs made gross purchases of Rs 2,703
crore, gross sales totalled Rs 2,292.70 crore.

Mutual funds
(MFs) were net buyers of Rs 67.40 crore on Wednesday. MFs made
purchases of Rs 548.80 crore and sales of Rs 481.40 crore.

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[06/09/2007] Calls...

BEST SELL


RELIANCE ENERGY (SELL) 818 (Target1) 812 ( Target 2) 808 (Sl) 833

RCOM (SELL) 535 (Target1) 529 ( Target 2) 525 (Sl) 546

JSW STEEL (SELL) 675 (Target1) 669 ( Target 2) 666 (Sl) 690

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[05/09/2007] Calls...

BEST BUY

LANCO INFRA (BUY) 297 (Target1) 301 ( Target 2) 303 (Sl) 290.1 [ACHIEVED]

IFCI (BUY) 70.8 (Target1) 72 ( Target 2)73.4 (Sl) 66

GITANJALI (BUY) 300 (Target1) 304 ( Target 2) 307 (Sl) 293 [ACHIEVED]

[04/09/2007] Calls...

BEST BUY

SAIL (BUY) 165.5 (Target1) 169 ( Target 2) 171 (Sl) 162

PARSVNATH (BUY) 310 (Target1) 314 ( Target 2) 318 (Sl) 304 [ACHIEVED]

JUPITER BIO (BUY) 188 (Target1) 191 ( Target 2) 195 (Sl) 184 [ACHIEVED]

Market Forecast for 04.09.07

The market opened positive but remained volatile throughout the day. The market seems to be tired and a further upmove can be seen in the coming days to come. I advise all traders to kindly book profits in every rise. However, positional buyers can stay long above 4385.


Today, market may open flat or positive with gap up attached with high volatility and remain long only above 4475 with SL 4460 for a tgt of 4495-4515. If it remains below 4475 keep short with SL 4490 for tgt 4450-4435. dont short blindly. Play with the mood of the market and mint money, Happy investing