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Friday, May 16, 2008

MARKET OUTLOOK

GLOBAL MARKET IS IN POSITIVE MODE AFTER OIL SLIPPED A BIT.NIFTY CLOSE ABOVE PSYCHOLOGICAL LEVEL OF 5100,MARKET O I IS INCHED UP TO 76 K CR AND PUT CALL RATIO HOVERING AROUND 1.45.
LEVEL OF NIFTY IS 5030-5100-5150-5200.MARKET WITNESSING SHORT OF 5200 CE & 5300 CE AND SIMULTANIOUSLY SHORT OF 4800-4900 PE .IT MEANS MARKET WILL MOVE IN BROADER RANGE OF 4900-5250.SECTOR TO BE WATCHED OUT IN MARKET IS PHARMA AD FOR MANSOON FORCAST SUGAR AND FERTILIZER SECTOR.
INFLATION DATA IS GOING TO CONFUSE TODAY IT IS EXPECTED AROUND 7.5-7.6.
HAVE NICE WEEKEND TRADING DAY.

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