Market outlook for 4th April 2008

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This publication has been prepared solely for information purpose and does not constitute an offer or a solicitation to any person to buy or sell a security. While the information contained therein has been obtained from sources believed to be reliable, investors are advised to satisfy themselves before making any investments. I do not bear any responsibility for the authentication of the information contained in the post & consequently,are not liable for any decisions taken based on the same. Further, My reports only provide information updates and analysis.
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NIFTY: Prev, Close: 4,772 Resistance@ 4810,4852, 4885, 4900 Supports @ 4752, 4740, 4700 Final TGT 4920+ (Intraday – Resistance 1 2 3 4 and considered as TGT 1,2,3 and 4 )

SENSEX: Prev, Close: 17806.20 Supports@ 15220, 15330, 15000 and Resistance @ 15800, 15900, 16000 TGT 18500+ (This TGT is valid till march expiry)

NIFTY Futures: Prev, Close: 4785

Buy Nifty Fut with sl 4770 for starting and add @ every declines with Sl below 4740 or short below 4734

Market Outlook: Markets are expected to open with gap , sideways movement will continue but closing will firm for this week. If u want to do intraday do with view to take Delivery as markets are volatile stop loss might get triggered.

Stock to Watch out: Our BTST of yesterday Bank of India. ESSAR OI L and RPL looks good .

Market Rumors / Strategy: People are still talking about more and more downside and its result season. Companies results are going to be out performing again. Tomm Inflation figure which is due @ 12 in the noon is very crutial.

Important: Don’t ask everyone what is market outlook and everyone will make u confuse. Trust one person and just follow him. Let the Dogs Bark why we want to listen to them.

Stupid Logic : FIIS are covering short from last 2 days they are selling their dead stock and building there longs and what we are doing listening to people saying 4200 and 3800. Shut down our Television sets or listen to some light music better then hearing CNBC NDTV PROFIT and ZEE BUSINESS. Remember one thing they are here to make money, if they can guide you to the perfection then only u will earn.

Kindly wait for First 5 – 10 mins before buying or selling anything

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Good Luck,

Disclaimer : Trade -Profit has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, Trade-Profit does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Trade-Profit especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letter or website. You are responsible for your own investment decisions. Trade-Profit will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information.