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Monday, May 12, 2008

MARKET PREDICTION

GLOBAL MARKETS ARE MIXED TODAY ...OILPRICE IS CREEPING UP ON THE CONCERN OF VENEZULA...AND CHINA ENTERING INTO DANGER INFLATION LEVEL.
GRADUALY,INFLATION IS HOVERING AROUND 7-8%.
INDIAN MARKET IS CORRECTED SIGNIFACANTLY AFTER TOUCHING NIFTY 5250 PSYCOLOGICAL LEVEL.
BELOW 5000 NIFTY COULD TOUCH 4920 LEVEL BUT FOR INTRADAY 5030 ONE CAN GO LONG WITH S L OF 5000.
IF MARKET DOES NOT SUSTAIN 5000 GO SHORT WITH S L OF 5050...
TOTAL OI IS IN MARKET 69 K CR AND PUT CAL RATIO IS 1.37.
CLOSER OF LONG PULLING DOWN MARKET. NITY LEVEL 4920-5000-5050-5100
BUY IN IT STOCK FROM 5030 LEVEL IF MARKET HOLD AND GO SHORT IN AUTO,BANKING,CONSTRUCTION IF MARKET DOES NOT SUSTAIN 5030 WITH S L OF 5050.
HAVE A NICE TRADING DAY.

-MR SAM

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