Nifty - Market Outlook 05'th March 2009

Dear Viewers,
Nifty Short term Outlook:---
As Predicted earlier(27'th Feb) Nifty broke 2660. We Expect it to touch 2370 after breaking 2550. Investor should not make portfolio based buying until close above 2870.

On 4'th March Nifty future discount has decreased from 31 points to 15 points and around 14.20 lakh shares were reduced in open interest. Total open interest in the market was Rs50,337 crore and Rs2,318 crore were added in open interest. Nifty call option added 26.05 lakh shares in open interest, whereas put option added 32.40 lakh shares in open interest. Around 14.20 lakh shares were reduced in open interest with an increase in the cost of carry due to short covering. On the option front, implied volatility has decreased by around 200-300 basis points indicating that buying may continue to emerge at lower levels and Nifty may trade with a positive bias.

Tata Steel ADVANCE SCIENTIFIC Chart 5'th March 2009 :-

(We are expecting this to happen during the Market Trading Hours)

Tata Steel will open with positive opening. After Gap up opening Bulls will fail to hold their gains. They would gave away some of their gains . Tisco may reach up to 165 mark but will not go above 167. Those who hold shrort position over night in Tisco, should hold short position with scrict stoploss 166. We expect Tisco to close 154 today.
Pl. take not our chart shows only chart upto 3:30 pm. Today so due to sunoutage market timings are changed. So our chart may look diff. from nse because of changed timings
Market on 4'rd March 2009:---

Nse Chart Tata Steel IntraDay Chart for 04/03/2009

Our Chart Tata Steel IntraDay Chart for 04/03/2009

While comparing our chart you can only say one word 'UNIMAGINABLE' OR 'Beyond belief'. We are matching nse chart & Our chart. Nothing more to say... As written in our blog yesterday trader take short position in Tisco @ 161 level was getting profit at 155. It also not crossed 153 & 163 both levels.
Come join us & Stop Gambling Start Investing. We welcome your prompt response to improve our self. You can send us your stock queries.

Nse Nifty Chart IntraDay Chart for 04/03/2009

DISCLAIMER
All the content (and views) on this web page (including all pages therein) is for informational purposes and is not a recommendation or an offer or solicitation of an offer to any person with respect to the purchase or sale of the stocks / futures discussed in this report. It is for friends & family members only(Private circulation). We do not accept any liability arising from the use of any content on this site. The readers of this material should rely on their own investment decisions.