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Wednesday, April 23, 2008

MARKET PREDICTION

GLOBAL CUE ARE NEGATIVE DUE TO OIL&GAS PRICES .
ONE MORE DAY LEFT FOR NIFTY EXPIRY, TOTAL ROLLOVER SEEN 39% .
METAL AND ENERGY SPACE OBSERVED SIGNIFICANT ROLL OVER IN THE MARKET AFTER JANUARY MESSED UP.
TOTAL MARKET OI IS 72K CR NEXT MONTH OI IS 30K CR.
PUT CALL RATIO IS 1.35%.
LEVEL OF NIFTY IS 5000-5060-5100
MARKET IS HEADING TOWARDS PSYCHOLOGICAL LEVEL 5060 WHICH IS 200 DMA.
IF MARKET SUSTAIN ABOVE THIS IT WILL TOUCH 5200 OR 100 D M A 5400 LEVEL NEAR TERM.
HAVE A NICE TRADING DAY

-MR. SAM

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