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Wednesday, March 26, 2008

MARKET OUTLOOK

GLOBAL MARKET IS MIXED.MARKET WOULD OPEN FLAT,NIFTY RANGE FOR THE DAY IS 4800-4950-5050-5100 MARKET CONTINUE TO BE RANGE BOUND.MARKET SHOOT UP FASTLY CAUSE OF SHORT COVERING ALL OVER THE SECTOR.FOR LONG SIDE OIL GAS &BANKING AND FINANCIAL SERVICE IS LOOKS POSITIVE.IF MARKET DOES NOT SUSTAIN AT HIGH LEVEL GO SHORT IN METAL SPACE,BUT IT IS ADVISABLE TO TAKE LONG FROM 4800 LEVEL WITH A SL OF 4780.TOTAL MARKET ROLL OVER IS 31%,TOTAL OPENINTEREST N 65000 CR,PUT CALL RATIO IS .94 .GOOD ROLL OVER SEEN IN CEMENT SPACE ULTRATECH AND GRASIM.
HAVE NICE TRADING DAY