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Tuesday, May 27, 2008

MARKET PREDICTION

GLOBAL MARKET IS MIXED TODAY.
OIL HIT $133 APROX AFTER 2ND ATTACK IN NIGERIA.
RUPEE VS DOLLAR SETTLE AT 42.63.IN NIFTY WE HAVE SEEN HAVY SELLING PRESURE AFTER BRECH 4900 LEVEL,IF MARKET DO NOT TAKE SUPPORT AT 4800 IT COULD TUMBLE TO 4700 TOO WHICH IS IMMEDIATE SUPPORT TO MARKET IN SHORT TERM,TOTAL O I IS 83 K CR,IN MAY SERISE 54 K CR AND IN JUNE SERISE 29 K CR.
TOTAL MARKET WIDE ROLL OVER IS 25% AND PUT CALL RATIO IS HOVERING AROUD 1.27.
LEVEL OF NIFTY 4850-4920-4980.
IF MARKET HOLD 4800 GO LONG IN PHARMA AND TECH SHARE,ALSO IN SHORT SIDE IF MARKET DOES NOT HOLD 4920 GO SHORT WITH S L OF 4950 IN BANK AND CONSTRUCTION.

HAVE A NICE TRADING DAY..
-MR SAM