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The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

Monday, June 7, 2010

Market Outlook for 8th June

Short Axis at 1212.

Hi,
As expected market opened with big gap down. As the global cues were -ve from Dow and other Asian Markets.

European Market recovered from its days low but still closed -ve . I am still maintaining my short position . I am short on Nifty Future. I have done the same which i suggested yesterday.


Tomorrow we can see a tug of war between bulls and bears. Let see who wins the game.
Tomorrow opening is very much dependent on the DOW .

But i still expect since there is still no solid measures taken the Euro zone concerns and even G20 meet did not gave any big positive news i donot expect the market to rally.

As per experts are concerned there are mixed opinion.

1:47 PM - Buy 5100 Nifty Call option at Rs 65 with one-day target of Rs 73 and stop loss of Rs 61, says Hemen Kapadia, technical analyst, on CNBC Awaaz.

1:42 PM - Nifty F&O Call: Sell with target of 4985 and stop loss of 5025, says Prakash Gaba, technical analyst, on CNBC Awaaz.

1:38 PM - Nifty F&O Call: Buy with target of 5200 and stop loss of 5000, says Hormuz Maloo of Geojit Financial Services on CNBC Awaaz.

1:35 PM - Nifty F&O Call: Buy with two-day target of 5070 and stop loss of 4980, says Parsh Zhaveri of Zhaveri Investments on CNBC Awaaz.


Let see tomorrow !! Wait and Watch !!
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The information provided is not to be considered as a recommendation to buy certain stocks and is provided solely as an information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. Here in this blog I am giving my views on the Market. No representation or implication is being made that using my blog will provide information that guarantees profits or ensures freedom from losses.