|
|
|
 |
|
|
Market
Outlook - Current
click
here>> |
|
Market
Outlook - Archives Date List click
here>> |
|
Market Outlook -
March 18,
2010 |
|
|
The Nifty is likely to show some volatility
today though the VIX reading is the lowest at
17.73. It is all the more likely since position
building on the long side has gone up
substantially and any profit booking in the
international arena would also mean some
weakness prompted by profit booking from some
quarters. This could be the likely scenario.
The levels to watch out for today would again be
5232; if the index were to stay above that then
the bullish momentum would continue and some
good upswing towards 5275 – 5287 may be
possible.
On the downside, a fall below 5190 might mean a
retest of 5180 – 5160 support area; however, we
are not expecting the Nifty to fall below 5150
now rather a retest of 5310 the 2010 high is
likely to happen before that.
Buy on declines in select stocks should be the
strategy.
Rajat K. Bose |
|
| Notes: |
| * |
All prices relate to the NSE, unless otherwise mentioned. |
| * |
Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there. |
| * |
Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits. |
| * |
Don't chase a stock, if you are unable to buy a stock because it hits circuit levels on successive days, don't buy that. |
| * |
The analyst and his clients may or may not have positions in the securities mentioned above. |
| * |
Trading involves considerable risk. Trade at your own risk to the extent you are comfortable. The analyst shall not be responsible for any losses incurred for acting on these
recommendations. |
|
|
Rajat K Bose
|
|
| Market
Outlook - Archives Date List
click
here>> |
|
Market Outlook - Current
click
here>> |
|
|
|
|
|
|
|
