Friday, November 7, 2008

MARKET OUTLOOK FOR TODAY 7TH NOV 2008

 

GM!! Dont let someone become a priority in your life when you are still an option in thier life."

 
FII DATA
FII
06/11: -511.53 Cr. (Prov)
DII
06/11: 351.57 Cr. (Prov)
 

Strong & Weak futures

This is list of 10 strong futures

:

Rajesh Expo, Hinduja Ven, Divis Lab, GTL, Dabur, Bhusan Stl, Union Bk, Can Bk, Hind Uni Lvr & BHEL.

And this is list of 10 Weak Futures:

Suzlon, Amtek Auto, Telco, Unitech, Ivr Prime, National Alum, J Stainless, Purva, Auro Pharma & Uni Phos.

Nifty is in Down Trend.

NIFTY FUTURES (F & O)

Below 2842-2844 zone, selling may continue up to 2780-2782 zone by non-stop.

Hurdles at 2898 & 2905 levels. Above these levels, expect short covering up to 2968-2970 zone and thereafter expect a jump up to 3030-3032 zone by non-stop.

Sell if touches 3092-3094 zone. Stop Loss at 3154-3156 zone.

On Negative Side, if breaks & sustains at below 2718-2720 zone then downtrend may continue.

Short-Term Investors:

Short-Term trend is bearish and target at around 2546 level

(Already broken) on down side.

On Positive Side, rallies up to 3085 level can be used to exit. Maintain a Stop Loss at 3265 level (Already it crossed) for your short positions too.

 
--
Arvind Parekh
+ 91 98432 32381