Hope you people followed the warning I gave ( https://www.facebook.com/photo.php?fbid=609781549059215&set=a.145866655450709.21344.117265118310863&type=1&fref=nf ) on our FB page and Twitter .
Now the time has come for using the energy conserved.
Our Market Outlook For till Mid-June :
Index Outlook :
NIFTY Positional Buy in 6175-6275 range with tgt 6800-7200-7700 SL closing basis 6100.
Though our target seems exorbitant it is yet to be seen that even after achieving the targets ‘option buyers ‘ esp Index Option buyers will make same kind of money as that of future . Our inclination is that “this should be future traders market rather than option traders “ ; though this is prelim expectation which might change but still even after having bullish outlook with huge movement expected I suggest cherry picking options and better go with stock options rather than index options.
Those planning to buy just b4 election results might be disappointed this time as its not 2009 its 2014
Few stocks selection :
· JPASSOCIAT(38-40) buy tgt 54-66-74
· UNITECH (11-12) buy tgt 17.5-22-28
· ADANI ENTERPRISES (250-260) buy tgt 288-360-480
· SBI (1475-1520) buy tgt 1788-1920-2220-2600
The list is long and for those who are serious to play the upcoming ride may join our election special : http://valuecm.com/elections14.htm