Trading Calls and Market outlook for 16th May 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: 5,111.25 Resistance@ 5170,5200, 5240 Supports @ 5070, 5033, 4970 Final TGT 5300+ (Intraday – Resistance 1 2 3 4 and considered as TGT 1,2,3 and 4 )
NIFTY Futures: Prev, Close: 5112.80
Buy Nifty Fut with sl 5070 for starting and add @ every declines with Sl below 5050 or short below 5088 sl above 5105 (wait for futher perfect call in the market hours)
Market Outlook: Markets are expected to open positive with gap up, sideways movement may come just due to inflation fear else no worries in mkt. After 6 weeks inflation will be ease little bit. And market will blast. Markets may witness some huge buying to trap public. I will advice to buy put in last hour for the day as expecting a huge correction in very near term. 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 Today ( 15th may 2008) yesterday Triveni, Suzlon and Omaxe.
Market Rumors / Strategy: People will start talking about more and more upside and sudden downside will come. Enjoy the stock and markets.
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 : DIIS are buying in huge and FIIS are covering short, Indicates strength in markets. Dollar rising and so as Crude rising, both are very very scary. But if crude falls and dollar falls then only we are safe. Due to pressure in this both we might see inflation to continue new high. But, on other side I m again saying inflation ease a bit but inclination will continue. Don’t buy when there is huge bull run . We were buyer when @ 4500 when people were talking about 4200. Its time to Buy put in second half (particular last hour when markets will be @ day high.
Trading Calls: Buy Educomp with sl 3930 TGT 4200+
Buy
Buy Punjllyod sl 347 tgt 355, 362, 370+
Buy RPL sl 185 tgt 195,200, 205
Buy Renuka above 138 sl 136 tgt will be updated laterz
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.
