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Market Compass for 04.08.2008 |
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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Post: #1  Posted: Mon Aug 04, 2008 9:34 am Post subject: Market Compass for 04.08.2008 |
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Nifty futures took support at Crucial level of 4252 and blasted on upside to around 4440 on Friday. Where NF is headed on Monday 04.08.2008 ? My sense is NF will trade in a tight Range on Monday ( 04.08.2008) and likely low would be around 4390 and High could be 4490.
Nifty Range for 04.08.2008 : 4390 - 4490
I think, going forward Nifty will be charged on upside by IT sector and stocks like Infosys / Satyam / I flex should do well.
For swing Long, I am looking at stocks like Bharti Airtel / Bombay Dyeing / Century textiles / India Infoline / Reliance / Reliance capital and Rel INfra. I will keep SL for the swing trades to be two week's lowest low.
Lone underperformer could be Auto sector which would be lead by Tata motors / M & M and SL should be Highest high of last two weeks for swing short trades.
Best Wishes
C T RAMESH RAJA |
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tangotaurian
White Belt
Joined: 18 Oct 2007
Posts: 30
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| Post: #2 Posted: Mon Aug 04, 2008 9:50 am Post subject: |
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Thanx a lot for ur views sir  |
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