Now onwards Market Outlook will be numbered instead of dated.
Last Market Outlook rocked same as earlier. Now NIFTY sailed through my 4th target of 2912 and the last one was left, as was mentioned that breakout or breakdown seems distant. I told u in my last market outlook that i will provide indication only in the free blog/sms u will have to apply your own mind to get benifit , i repeat “Free Lunch is with self service” .If u did that u wud have minted money and will do in fut too but if you go the more professional way come in the Professional Services or the Manged Trading Service. Those interested in managed trading service can contact for real contract notes of the clients for real performance as we dont believe in Excel sheet performance. For Details call 9431813147/9973932884 or mail to : retail@valuecm.com Short recommended for 8th of Dec (For persons dying to short can take risk of shorting at 2880-2912 with sl 3020 for tgt 2630 better buy put in rise. You can short Bank NIFTY too at around 4650-4800 range with SL 4850. Levels are high compared to friday’s closing but more are the chances of getting the above mentioned levels to initiate shorts.) Worked well too. giving Neat 100 points even we shorted at 2860 in our premium service and covered at 2782. Further following were the recomendations from 1st Dec 2008 till last market outlook and all given tremendous returns except one Ansal Infra which is holding strong :
- TISCO recomended to go long at 152 went straight to 220 today.
- GVKPIL giving daily good returns now on breakout zone
- UNITECH recomended at 30 now 35
- DLF recomended to buy above 202 did awesome 270+ Must i mention: IN DLF and UNITECH we earned both long and short
- Ansal Infra holding strong
- NDTV and IBN18 also did awesome
- SBI daddy of Indian banks did grtt 990 to 1200
- Nalco 152 to 200 straight
Now for the next session(s):
NIFTY seems negative for till 2840-2790-2772-2712-2630 , each level is a support if broken expect next level but unwinding shorts at 2840-2790 is advisable. I reapt again major upside one should expect only above 3020 which seems distant. But further downside is also capped at 2630 so dont expect any major downside unless 2630 intact and going long around supports is advisable below 2790 with next support as sl.
Stoks for Trading:
- TISCO keep accumulating for more upsides in all slides
- UNITECH accumulate with sl 28
- RANBAXY is the NEXT STAR
- DLF is avoid Only Habitual Shorters: short if goes above 290 with sl 302/310 for target below 240 one can short at current level too with sl 272
- Ansal Infra
