Nifty View

For the week Nifty is likely to take support around 5150 - 5100 levels below this we can see selling in upto 5000 - 4950 levels. Buying momentum likely to come only above 5350. 

Market View

For the week Nifty likely to take support around 5210 & 5190 if it breaks than further fall upto 5140 & 5080. Positive strength will come only above 5280 & 5325. Major event to watch on : 
16 July 2012 - Inflation Figures.

19 July 2012 -  President election. 

USDINR OUTLOOK CMP @ 55.41 NEXT SUPPORT AT 55.17 - 55.05 - 54.97 - 54.70 AND THE RESISTANCE AT 55.56 - 55.65 & 55.85 . TODAY IF USDINR CLOSE BELOW 55.45 THAN SELLING LIKELY TO CONTINUE IN USDINR AND CAN HIT THE TARGET OF 55.05 AND THAN FURTHER LOWER TARGETS IN NEXT WEEK.

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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 

Aptech Limited

OptoCircut Limited

OPTOCIRCUT: THE STOCK HAS GIVEN A BUYING BREAKOUT ON WEDNESDAY ABOVE 150 IS A GOOD BUY FOR THE TARGET OF 170 IN VERY SHORT TERM WITH THE STOPLOSS OF BELOW 148 ON CLOSING BASIS. CMP: 153/-.

Nifty Weekly

AS INDICATED IN PREVIOUS WEEKS NIFTY HAS GIVEN UPSIDE TREND ABOVE 5000 AND THE TREND IS LIKELY TO CONTINUE THIS WEEK ALSO WITH THE NIFTY RESISTANCE AROUND 5300 - 5350 AND SUPPORT AT 5040. 

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