Wednesday, June 22, 2011

MARKET VIEW FOR 22ND JUNE 2011

ITS SURPRISING EVERY ONE THAT WHEN MAJORITY OF THE GLOBAL MARKETS WERE STABLE,WHY THERE IS A STORM OF VOLATILITY IN INDIAN MARKETS.AFTER A SMART PULL BACK RALLY IN EARLY SESSION MARKET WITNESSED A HEAVY SELL-OFF CREATING PRESSURE ON NIFTY & SENSEX SETTLED WITH SMALL GAINS.


WHILE THERE WAS REALITY CHECK IN ORCHID & SKUMAR MARKET ALSO SAW GAINS IN STOCKS LIKE TCS, IDFC & SUNPHARMA ENDED IN GREEN.


MARKETS MAY BE SLIGHTLY BULLISH TODAY, WITH HUGE VOLATILITY IN A RANGE OF 5250 TO 5350.BIAS OF THE MARKET WILL BE UP AS IT IS OVER SOLD.


STRATEGY: BUY STRADDLE OF  NIFTY CE5300/PE5300 & CE5400/PE5400 FOR TRADE.


NO SHARES HAVE BEEN RECOMMENDED FOR TODAY.


THOSE INTERESTED MAY JOIN A CHAT AFTER 12.30 PM ON YAHOO ID: "vikas198012003@yahoo.co.in"






Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

Disclaimer: 

This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.


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