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Tuesday, June 24, 2008

MARKET PREDICTION

GLOBAL MARKET IS MIXED ...
NIFTY WILL OPEN IN NEGATIVE NOTE CLEARING IS APPROCHING FAST FOR THAT REASON WE CAN ASSUME SHORT COVERING IN BANKING AND CONSTRUCTION OIL&GAS ACTUALLY ACROSS THE BOARD WE CAN ASSUME SHORT COVERING.

NIFTY LEVEL IS 4250-4300-4350-4450 IF MARKET HOLDs 4300 GO LONG OR FROM 4230 LEVEL GO LONG WITH SL OF 4200 AND IF MARKET COULD NOT HOLD 4350 AND ABOVE GO SHORT WITH SL OF 4400.

TOTAL MARKET OI IS 79 K CR AND 56 K CR IN JUNE SERIES AND 22 K CR IN JULY.
PUT CALL RATIO IS 1.19% DUE TO CLOSER OF PUT AND ACCUMULATION IN CALL OPTION.
ROLLOVER IS 25-30 % FOUND YET.
MARKET WILL BE VOLATILE DUE TO FED MEETING TONIGHT.

HAVE A NICE TRADING DAY...........

-MR SAM

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