| |
 |
|
|
Finance & Stock Groups Forum Index » Futures » REPORT FOR 7-8-2008
Page 1 of 1
|
| Author |
Message |
| bluemax101@gmail.com |
 Posted: Thu Aug 07, 2008 3:09 am |
|
|
|
Guest
|
REPORT FOR 7 AUG, 2008
FOR THE 6-8-2008 "LAST HOUR EFFECT" HAS WASHED OUT THE INITIAL GAIN.
SEVERAL REASONS ARE EFFECTED WHICI WAS 1. PROFIT BOOKING BY HEDGE
FUNDS AND LOCAL FUNDS. 2. PETROLEUM REPORT BY "CHATURVEDI COMMITTEE"
HAS SUBMIT THEIR REPORT AND TOLD TO REMOVE SUBSIDY AND ADD "WIND FALL
TAX" 3. HSBC NEWS TO TOUCH SENSEX 12000-9000. 4. 1700 POINTS RISE IN
SENSEX IN LAST 7 DAYS REQUIRE CORRECTION. 5. RISING CRUDE PRICE
THIS CORRECTION INDIRECTLY HELPS OUR MKT. IN GETTING STRENGTHENED. WE
HAVE ALSO MENTIONED IN OUR "PLAN YOUR DAY" FOR PROFIT BOOKING.
WATCH ALSO THIS LINK.....
http://tranningstockmarket.blogspot.com/
SPOT NIFTY
SPOT NIFTY CLOSED NEAR 4520 AROUND. FOR TODAY, IT MAY TAKE FBETWEEN AT
AND 4440 AS RANCE IN WHICH RESISTANCES 4585 & 4622 STRONG. BE CARE-
FULL THOSE RESISTANCES AND BOOK PROFIT OF YESTERDAYS CALL OF NIFTY
WHO ARE HOLDING STILL. SUPPORT LOOKKING AROUND 4480. NO PROBLEM IN
FURTHER UP MOVE IS 4480/50 IS HOLDING. BUT UPPER SIDE 4580/4630 STRONG
IS RESISTANCE. CAREFUL AT THOSE LEVEL AGIAST SAY.
CASH MARKET BELIEF
DO NOT AVERAGE. IDEA FOR 1 TO 3 DAYS TIME PERIOD AND USE STRICT
STOPLOSS.
Trading Idea (FORMULA: - STOCKNAME CMP STOPLOSS TARGET)
UNITECH 177 181 173/168/164
FINANTECH - 1380 1395 1362/1345/1315/1290
DIVISLAB - 1440 1453 - 1425/ 1409/1387
WORLD MARKET
Quote: U.S. MARKET
DOW: +40 NASDAQ: +24
ASIAN MARKET (AT 7 AM)
NIKKEI : -160 HANG SENG : +400 SANGHAI :
+15
PLAN FOR 7 8 - 2008
ALL ADRs MAY POSITITVE EXPECT ICICIBANK.
U.S. MKT. CLOSED LITTLE UP
ASIAN MKT. MIXED. HANG SENG UP MARGINALLY.
CRUDE COOLED BELOW 117 $/BBL
FII BUY FIGURE OF 1800+ CR. AND DII SELL 800+ CR.
RELIANCE-RNRL : JUDGMENT HANGING.
INFLATION : (MAY BE AT 12.2%???)
I HAD CLEARLY MENTIONED TO BOOK PROFIT TO BUY AT LOWER AND PEOPLE GOT
BEFIT OF THIS. SAME DAY RE-ENTRY WAS POSSIBLE.
CONTINUE PROFIT BOOKING IN STEP AT HIGH. & RE-ENTER AT LOW.
TECHNICALLY IT WAS GOOD THAT GAP CREATED WAS COVERED IN THE SAME DAY.
INFLATION DATA TO COME IN THE EVENING SO DO NOT KEEP OVERNIGHT
POSITION.
IF YOU HAVE FOLLOWED, TODAY IS YOUR DAY TO BOOK PARTIAL PROFIT.
SGX NIFTY RANGE : 4505-4528
NOTE:- I'M NOT HAVING ANY POSITION IN THE ABOVE ALL INFORMATION. |
|
|
| Back to top |
|
| |
|
Page 1 of 1
All times are GMT
The time now is Fri Dec 05, 2008 8:56 am
|
|
|