The Indian markets followed global cues yesterday and markets receovered sharply with all round buying in index heavy weights were seen. If the global cues remains positive, the market may touch 4550-4600+ levels in the coming days. Before going long, it is advised to be cautious at these levels.
Today, market may open flat or positive with gap up of 25-38 points attached with some volatility due to profit booking at higher levels and remain long only above 4440 with SL 4425 for a tgt of 4500-4545. If it remains below 4435 keep short with SL 4450 for tgt 4410-4385. Dont carry overnight positions if the nifty closes below 4533.. Happy Investing
Thursday, August 9, 2007
Market Forecast for 09.08.07
Subscribe to:
Posts (Atom)
|
Secured Loans
Search & Compare 100s of Secured Loans! www.accepted.co.uk |
