Market Forecast for 02.08.07

The market behaved exactly in tune with the global cues and for the time being check out for the global cues for the next day's trade. today's carnage was so brutal, that almost all the investors are trapped or have lost their hard earned money. if the market fails to hold on to 4339.75 in the coming day, we may see another carnage which may take nifty to a level of 4200+. so be cautious always...

Tomorrow, market may open flat or negative with a gap down of 50-75 points (only if the global cues are negative) with high volatility and remain long only above 4406 with SL 4395 for a tgt of 4465-4490. If it remains below 4400 keep short with SL 4412 for tgt 4280-4225. Avoid trading and play safe.......

since the dow is roaring now, please read the forecast as follows: " Tomorrow, market may open flat or positive with high volatility and remain long only above 4406 with SL 4395 for a tgt of 4465-4490. If it remains below 4400 keep short with SL 4412 for tgt 4280-4225."