Thursday, February 22, 2007

Welcome back , its been a long holiday for us from the market, hope holiday is big enough, LETS START INVESTING !!!! OKK TRADING.
So lets trade with a 6 months horizon .

I continue to expect the markets to consolidate in a range of 12800 -15700 (based on FY08 earnings) for the next 3 to 6 months. We also expect markets to put forth resistance at 14,700 levels.

Outlook for 22Feb07:

Today is the day of F&O settlement and the markets are expected to be very volatile. It can just flair up in the last 30 mins of trade. The Nifty for today should face resistance at 4108 and 4138 and should take support at 4060 and 4047.

Futures Trading Calls:

Buy IFCI March Futures at current levels for target 34.00
Buy Jindal Stainless March Futures if sustains above 129.00
Buy Zee Tele march futures if sustains above 264.00

Cash Calls:

Buy Aptech if sustains above 254.50 with stoploss 225.

(Please ensure the mentioned stocks trade convincingly above/below the mentioned levels below entering into trade).


No comments: