MONDAY – 09-06-08 – 8.45 AM

MARKET VIEW

US MARKET CLOSED WITH HEAVY DOWN SIDE, ALL ASIAN MARKETS ARE DOING IN DOWN SIDE, HERE EXPECT GAP DOWN OPEN, AS WE DISCUSSED ON FRIDAY, HEAVY DOWN IS NOT AVOIDABLE AS PER OUR ECONOMY STATUS IN THIS SITUATION , I THINK MARKET WILL TRADE BELOW JANUARY LOW SOON, AND DON’T THINK ABOUT DELIVERY BUYING NOW, AND MAXIMUM ALL INDEX SCRIPTS ARE IN JAN LOW, SO I EXPECT HUGE VOLATILE BASE CORRECTION, 12500 TO 12000 AND 3600 TO 3500 IS POSSIBLE, UN TILL THEN DO ONLY DAY TRADE, OIL PRICE STILL FLYING IN UP SIDE, STILL WE HAVE TO FACE SO MANY BAD NEWS, IF U WANT ME TO SPEAK OPENLY, I ADVICE TO GET OUT FROM MARKET FOR 1 OR 2 MONTHS, SO BE CARE FULL, IF U WANT DO DAY TRADE, BUY ON DECLINE AND GET MINI PROFIT, THAT IS GOOD, SELL AT HIGHER SIDE, EVERY THINK WILL COME DOWN, TAKE CARE, NOTHING TO SAY, I AM FEELING HAPPY, BECAUSE, I ADVISED MY ALL BLOG READERS TO GET OUT FROM THEIR LONGS AT 17500 RANGE, IF U HAD FOLLOWED MY ADVICE, U R ALSO FEELING HAPPY, OTHERWISE, GOD GRACE, AND TRY TO SELL NIFTY FUTURE AT EVERY HIGH OF JUNE MONTH,

SENSEX SUP&RES

BELOW 15526 TR 15445, 15315 TO 290, 15200 TO 15165, 15K, 14900, 14670
ABOVE 15620 TR 15720, 15820, 16K

NIFTY SUP&RES

ABOVE 4630 TR 4690, 4713, 4750, 4780 TO 4800
BELOW 4605 TR 4536, 4480, 4445 ----

BEST OF THE DAY

COLGATE BL 385, S/L 392
JSW STEEL BL 1070 S/L 1090
LUPIN BL 644 S/L 652