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Friday, June 06, 2008

MARKET PREDICTION

GLOBAL MARKET IS IN POSITIVE NOTE TODAY.
NIFTY WILL BE HOVERING BETWEEN 4500-4800.
TOTAL MARKET OI IS 68 K CR AND PUT CALL RATIO AGAIN INCHED UP TO 1.65% FROM 1.59%.

TODAYS LEVEL
IF NIFTY HOLD 4700 CLOSE YOUR SHORT POSITION OTHERWISE GO SHORT WITH SL OF 4730.
FOR FRESH SHORT IT WILL PRUDENT TO WATCH @4800 LEVEL.
IF NIFTY CROSSES 4800 THEN WE CAN ASSUME FESH LONG OTHER WISE WE CAN ASSUME SHORT WITH SL OF 4800.

HAVE A NICE TRADING DAY ..

-MR SAM

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