Thursday, 5 July 2012

Nifty View



As indicated earlier the Nifty has given a buying breakout above 5050 and likely to continue to trade positive. Rally upto 5350 levels has hit our target. Now i feel some profit booking likely to come around 5340 - 5380 levels and that can slide down Nifty upto 5250 - 5210 in the near term. Overall outlook positive for the market. Stock specific action likely to continue in the market. Nifty Spot Cmp: 5327.

One should  start booking profit in our short term buying calls of Optocircut positional call Cmp @ 165. And also in short call of USDINR that already given profit booking around 54.5 on yahoo messenger. 

Join in on yahoo messenger for live market trading calls: market_dhoom@yahoo.com 

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