BEST BUY
MPHASIS (BUY) 284 (Target1) 288 ( Target 2) 292 (Sl) 277
EVERONN (BUY) 570 (Target1) 577 ( Target 2) 584 (Sl) 559
POLARIS (BUY) 115 (Target1) 118 ( Target 2) 121 (Sl) 112
Friday, August 17, 2007
[17/08/2007] Calls...
[17.08.07] Market Forecast
Market as expected crashed in a brutal way yesterday. The dow closed in flat but in red today and the indian market is expected to rebound today. Bears will use every dead cat bounce to hammer the market again and the bulls will have to try hard to regain their lost glory...Use every rise to escape from the market.
Today, market may open flat or positive attached with high volatility and remain long only above 4225 with SL 4208 for a tgt of 4310-4360. If it remains below 4220 keep short with SL 4238 for tgt 4110-4050. dont short blindly. Play with the mood of the market and mint money will be the mantra for the day.... Best wishes for a safe trading..
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