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Thursday, May 08, 2008

MARKET PREDICTION

THINGS WILL NEVER BE SAME WHEN THERE IS A MOVEMENT IN OIL MARKET..YESTERDAY CRUDE OIL TOUCHES $123..WHICH HAD A IMPACT ON WORLD MARKET.
INDIAN MARKET WILL ALSO HAVE SOME IMPACT.
MARKET WILL BE RANGE BOUND i.e. b/w 5000-5400

IN OPTION MARKET WE HAVE SEEN WRITING IN BOTH PUT & CALL OPTION AT A LEVEL OF 5000/5100 & 5300/5400.

TODAY'S VIEW
MARKET WILL BE VOLATILE
LONG POSITION CAN BE BUILT FROM 5050 LEVEL WITH SL OF 5000.
SHORT POSITION CAN BE BUILT @ 5200 LEVEL WITH SL OF 5250.

TODAY'S SECTOR
  • IT
  • PHARMA
    HAVE A NICE TRADING DAY...

    -MR SAM

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