[ 24.08.07] Market Forecast

The political uncertainities made the market loose all its gains during the intraday. As the UPA givernment is stable till sept 14th, one must avoid going long and be positional in the trade.

Today, market may open flat or positive attached with high volatility and remain long only above 4145 with SL 4125 for a tgt of 4210-4310. If it remains below 4145 keep short with SL 4165 for tgt 4070-3995. dont short blindly. Play with the mood of the market and mint money will be the mantra for the day....

[23/08/2007] Calls...

BEST BUY

JSW STEEL (BUY) 549 (Target1) 555 ( Target 2) 561 (Sl) 527

GMR INFRA (BUY) 729 (Target1) 736 ( Target 2) 743 (Sl) 707

EVERONN (BUY) 518 (Target1) 526 ( Target 2) 535 (Sl) 502

[22/08/2007] Calls...

BEST SELL

VISHAL RETAIL (SELL) 615 (Target1) 609 ( Target 2) 603 (Sl) 633

EVERONN (SELL) 522 (Target1) 516 ( Target 2) 510 (Sl) 554

PFC (SELL) 173 (Target1) 170 ( Target 2) 168 (Sl) 177

[ 21/08/2007] Calls...

BEST BUY

JSW STEEL (BUY) 581 (Target1) 587 ( Target 2) 591 (Sl) 572

RCOM (BUY) 510 (Target1) 516 ( Target 2) 521 (Sl) 502

DLF (BUY) 585 (Target1) 590 ( Target 2) 596 (Sl) 577

[ 21.08.07 ] Market Forecast

The indian markets again danced to the tune of global markets yesterday. As the dow has closed in green, the world markets are expected to trade in green only. But still, i am not convinced about the sustainability of this rally and i still advise all not to go long till the nifty closes above 4260+.

Today, market may open flat or positive attached with high volatility and remain long only above 4200 with SL 4185 for a tgt of 4280-4310. If it remains below 4195 keep short with SL 4215 for tgt 4120-3990. 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..