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Wednesday, June 11, 2008

MARKET PREDICTION

GLOBAL MARKET ARE IN MIXED...
CRUDE CORRECTED SIGNIFICANTLY TO $131(APRX)
$ VS INR 42.94 GOOD FOR IT AND PHARMA STOCKS..
NIFTY IS WITNESSING HEAVY SELLING BECAUSE OF FIIs SELLING PRESSURE SINCE LAST FEW SESSION. EVERY HIGH IS WITNESSING SELLING PRESSURE AND IT PUSHING THE MARKET DOWN.
TODAY'S LEVEL OF NIFTY 4400-4500-4535 GO LONG IF MARKET HOLDS 4400 WITH SL OF 4370

SECTORS:
PHARMA AND IT @ 4500 LEVEL

ABOVE 4500 LEVEL GO LONG IN CONSTRUCTION AND BANKING .

TOTAL MARKET OI IS 74K CR AND PUT CALL RATIO IS 1.48%.

HAVE A NICE TRADING DAY.

-MR SAM

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