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Strategu for The Week

Posted on: July 14, 2008 - 9:37am
Financeman
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Joined: 2008-04-30
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Strategu for The Week

If the low of 12822 is not violated and we cross and close above 13872, then we are likely to terminate one leg of the corrective cycle. The next leg of the corrective cycle  can be for an upward bias. For the time being, cut short positions at current level and on dip to 12822 as the opportunity arises. Sell further on fall and close below 12822 with the high of the week as stop loss or 13872, whichever is higher at the point of breakdown.


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Posted on: August 22, 2008 - 1:31am #1
stocktalk
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Joined: 2008-08-19
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today's mkarket report
Domestic markets are poised to open flat today on the back of mixed global cues. Wall Street ended mixed tonight and major Asian markets are also trading mixed today tracking flat U.S. cues. In the last session, the Indian markets ended sharply lower on the back of surging crude prices and weak global cues. Further, fears over inflationary pressures ahead of the release of wholesale inflation data in the evening restricted fresh buying. Stocks across the board declined sharply. Banking, realty, public sector and power stocks bore the brunt of selling. Inflation which surged to 12.63% inline with market expectation was factored in yesterday .New shorts positions were built up in Nifty August and September series. With the absence of any new triggers expect the market to trade with a negative bias amidst choppiness. According to data released by the NSE, in the last session, FIIs were net sellers of index futures to the tune of Rs 1,176.72 crore and bought index options worth Rs 631.35 crore. They were net sellers of stock futures to the tune of Rs 9.37 crore and sold stock options worth Rs 6.99 crore.