Home > NIFTY Strategy > Market Outlook-IFCI

Market Outlook-IFCI

Thursday, June 28, 2007 Leave a comment Go to comments

Watch IFCI. It has closed above 51.2 levels. Find a sweet spot to enter. And do not forget the stop loss. For investors a SL around 45 levels and for traders who didn’t buy it y’day keep it below 50. The problem with tight stop losses is that the likelihood of their hitting becomes higher in such volatile stocks. “If” this trade works out expect a 10-30% return in next 3-4 weeks. And focus on the “If” not “will”.(The stop loss is to cover that “if”)

Today being the futures expiry day, the market might witness a slightly higher than normal volatility.This is mainly because of arbitrage players who buy and sell in huge quantities in cash and futures segment.

I feel most of the strong players might roll over their positions as longs might feel that NIFTY is till above 4200 and shorts might feel that NIFTY has not crossed 4300. I’d still place my bets on the long side as I feel NIFTY is still in an upward trend.

There are two levels to watch on downside-4215 and 4200. On the upside 4300 remains the resistance.

Categories: NIFTY Strategy Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: