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Target for REL futures achieved.Don't carry your short positions.Book Profits and Exit.
Nifty futures target also quite near to target price.Investors with high risk appetite can wait a bit longer to book profits ( 4465 looks achievable ).Others can book profits at 4480.

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Free Intra Day tips for 7th Sep :

Short sell Nifty futures 4510-4512 . Stop Loss 4525. Target 4480.
Short sell REL Futures 868-870 . Stop Loss 875. Target 855.

Exit Intra day if stop Loss Triggered or target achieved at all counts.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The Indian stock markets will have a gap up opening following the surge yesterday and good global cues. All is not rosy though with the Asian Indices being a mixed bag.
Earlier in the US markets ,After running into some headwinds early on, amid more news tied to lingering credit concerns, additional evidence to suggest Wednesday's widespread sell-off was overdone helped stocks recover some ground.However, the major averages closed off their highs, volume was light again, and market gains were modest at best as investors weren't willing to place huge bets ahead of tomorrow's influential jobs report.Among the handful of encouraging news items giving participants a reason to recoup some of yesterday's losses, the bulk of back-to-school sales results checking in better than expected offered some reassurance that the consumer is holding up rather well.The The Dow Jones industrial average (up 57.88 to 13,363.35) and the broader S&P 500 (up 6.26 to 1,478.55) index both gained around 0.4 percent.The tech-fueled Nasdaq Composite (up 8.37 to 2,614.32) gained 0.3 percent.
Technically,The support for the Sensex is at 15490 and the resistance to the up move at 15879.The support for the Nifty is at 4477 and resistance to the up move at 4550.
F&O cues:
Futures Open Interest up by Rs 1,674 crore
Options Open Interest up by Rs 1,251 crore
Nifty Futures add 2.5 lakh shares in open Interest; discount at 17-points
Nifty Open Interest Put-Call ratio at 1.57 Vs 1.46
Nifty Puts add 19 lakh shares in Open Interest
Nifty Calls add 2.8 lakh shares in Open Interest
A special Newsletter is on the on the cards " Impact of US Economics on Indian Markets ".
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The Indian stock markets are trading very quietly but in the green after a gap down opening.As is the norm nowadays, weak global cues are halting our progress.Also , Volumes have been very low in the last three trading sessions.That doesn't argue well fro the markets.
Earlier in the US markets,Stocks closed off their lows Thursday but still finished with widespread losses. Renewed worries about credit markets and data that failed to fuel rate cut hopes left the major indices looking overbought on a short-term basis, especially after averaging gains of more than 4.0% over the prior four sessions.
ITS ALL ABOUT THE FED RATE CUT.
Also dragging on stocks: the afternoon release of the Federal Reserve's 'beige book report on the economy, which added to confusion about whether the central bank will cut short-term interest rates anytime soon.
Technically,The support for the Sensex is at 15305 and the resistance to the up move at 15675.The support for the Nifty is at 4450 and resistance to the up move at 4520.
F&O cues:
Futures Open Interest up by Rs 952 crore
Options Open Interest up by Rs 926 crore
Nifty Futures add 12 lakh shares in Open Interest; discount at 43 points
Nifty Open Int Put Call Ratio at 1.46
Nifty Puts add 6 lk shrs, Calls add 7 lakh shares in Open Interest
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The Indian bourses would open in the green following the impressive performance in the US markets.Yesterday was another lacklustre trading day as predicted with only sectoral outperformances. The volumes were very low.Today is going to be an exciting day for traders.
Earlier in the US Markets, Stocks surged Tuesday after early economic reports supported hopes that the Federal Reserve may cut interest rates soon, while Apple and Yahoo! led a rally in tech shares. After initially taking a breather, as investors returned from the Labor Day weekend reassessing the sustainability of recent market gains, it didn't take long for the major averages to regain momentum and extend Friday's relief rally.Today's weak economic data gave investors another reason to price in an increased likelihood that policy makers will cut the Fed Funds rate at their September 18 FOMC meeting.
The Asian Indices are a mixed bag but none with a deep negative bias.

Mantra for the day :Don't go short.Buy at sharp dips and book profits.
Technically,The support for the Sensex is at 15305 and the resistance to the up move at 15675.
The support for the Nifty is at 4450 and resistance to the up move at 4520.
F&O cues:
Futures Open Interest up by Rs 1,481 crore
Options Open Interest up by Rs 1,275 crore
Nifty Futures add 13.5 lakh shares in Open Interest
Stock Futures add 69 lakh shares in Open Interest
Nifty Open Interest Put-Call ratio at 1.50 Vs 1.53
Nifty Puts add 10.8 lakh shares in Open Interest
Nifty Calls add 9.6 lakh shares in Open Interest
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

Markets were trading flat in the opening trades with a positive bias.We feel its not a right time to go long.There was not much buying or selling by FII's yesterday.It was a lacklustre trading session.With the trading volumes at such low levels,its a dicey situation.As the US markets were closed yesterday, range bound trading will be the norm again.The Asian Indices are also a mixed bag today.Sector based buying and selling will be prominent today.

F&O cues for 3rd September:
Futures Open Interest up by Rs 2,232 crore
Options Open Interest up by Rs 1,446 crore
Nifty Futures add 6 lakh shares in Open Interest, discount at 32-points
Stock Futures add 7.5 cr shares in Open Interest
Nifty Open Interest Put-Call ratio at 1.53 Vs 1.45
Nifty Puts add 17 lakh shares in Open Interest
Nifty Calls add 5.5 lakh shares in Open Interest
Technically , the support for the Sensex is at 15305 and the resistance to the up move at 15675.
The support for the Nifty is at 4450 and resistance to the up move at 4501.
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

The Indian stock markets are likely to open in green.But it would be a range bound trading session in the first half an hour of trade.Don't take positions till 10.30 am.We feel a direction is round the corner but not just as yet! Technically, the support for the Sensex is at 15185 and the resistance to the up move at 15410.The support for the Nifty is at 4425 and resistance to the up move at 4500.
F&O cues for 3rd September:
Futures pen Interest up by Rs 2,478 crore
Options Open Interest up by Rs 2,563 crore
Stock Futures add 10.3 cr shares in Open Interest
Nifty Futures add 7 lakh shares in Open Interest
Nifty Open Interest Put-Call ratio flat at 1.45
Nifty Puts add 2 lakh shares in Open Interest
Nifty Calls add 17.6 lakh shares in Open Interest
We will be back by mid trading session for free intra day tips and more market insight.
Adhere to strict stop Losses in order to safeguard your interests.For more stock specific buy and sell , subscribe to out free newsletter or join our paid service.

We are back from our weekend holiday and as usual will provide you with all the happenings in the US markets on Friday and the subsequent developments.These are important issues as they would lay the road map for the Indian markets.we reiterate that we are not a secular market like shanghai as yet and we need the knowledge of the happenings of the US markets and the Asian indices if not as guiding forces but as an indicator of the global economic viewpoint.
Earlier in the US markets on Friday ,Stocks rallied Friday after investors got some reassurance that forces are at work to help stem the contagion effect of the subprime mess on the world's largest economy.However, with September earmarked as the worst month of the year for all three of the major averages, according to The Stock Traders Almanac, another light volume day left stocks vulnerable to some late-day profit taking that closed stocks at afternoon lows.Investors on the wrong side of the tape continued to run for cover.

What the fed and President Bush had to say :According to Federal Reserve chairman Ben Bernanke described the recent housing downturn as "sharp" and added "that further declines in homebuilding are likely" in a highly anticipated speech Friday morning. But he also hinted that the central bank was prepared to cut rates if necessary, news that may soothe jittery investors.He said that "if current conditions persist in mortgage markets, the demand for homes could weaken further, with possible implications for the broader economy." He added that the Fed was "following these developments closely."
Also, Offering federal aid for strapped mortgage holders, the White House outlined proposals Friday to help borrowers hard hit by credit problems and the housing slump.The initiatives unveiled by President Bush, are intended to help homeowners with risky mortgages keep their homes. Bush also discussed efforts to prevent these kinds of problems from arising in the future.
But The White House said the plan was not a bailout for lenders or speculators.

What we feel : We feel that the Sub Prime issues are here to stay for some more time.They may not end the Bull run but they will definitely have a significant impact.Also the housing boom has left millions of low income working families worse off.The market has been in better spirits, for the most part, over the past two weeks than in midsummer, when fears that lending troubles would freeze up credit sent stocks tumbling.But fresh cash injections into the system and the Fed discount rate cut helped markets regain lost ground.Investors still want more evidence that rates are indeed about to come down.Lots of Economic data scheduled so keep your fingers crossed.