Wednesday, July 9, 2008

Market outlook for 9th July 2008

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NIFTY: Prev, Close: 3,988.55 Resistance@ 4020, 4040, 4070 Supports @ 3934, 3900, 3885 Final TGT 3500-3600 (This week or may be next week )

NIFTY Futures: Prev, Close: 3926.50

Buy Nifty Fut above 3970-3985 for starting resistance @ 4002 and short below @ every rise is the call with sl 4015 (wait for futher perfect call in the market hours)

Market Outlook: Markets are expected to open positive with gap up, sideways movement may come and yesterday rise was lead by powerstock but actually it was unjustifiable. Well to me it was just purely operator game. Today when Asian markets up we should go up??? hahhaha i dont think so when asian markets were bleeding we were rising. So just add puts @ every rise and shorts will be given their price once agian.

Stock to Watch out:

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 continously selling in markets. Our govt is in kind of all problems to prove its majority. With all political Drama yesterday and also coming for today too it will be the same. Crude Crashed yesterday helped Dow a lot, But is that temporary downfall for crude? tats the question to ask about. I will prefer to short in nifty if open near about 4000 ( nifty fututre) and Remember my views are with the help of Astrology too... and Remember sometimes something are not seen but they happens.

Trading Calls:

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

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Good Luck,

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