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Thursday, November 20, 2008

Sokhi Sure Shot Calls for 20th November !

WITH HUGE SELL OFF IN US MARKETS AND FOLLOWED BY ASIAN MARKETS WHICH WERE LOWER BY NEARLY 4% WE EXPECT INDIAN MARKETS TO OPEN BELOW 2600 LEVELS , TODAY WE WOULD ADOPT " REST DAY" AS THE MARKETS CAN BE HIGHLY VOLATILE , WE CAN EVEN SAY MARKETS ARE PUZZLED AS THEY ARE OVERSOLD BUT NO BUYING COMING FROM ANY PARTS, WITH INFLATION DATA COMING LATE TODAY SOME RECOVERY ALONG WITH SHORT COVERING MAY ARISE , OVERALL WE ARE NEGATIVE ON MARKETS , WE ARE NEGATIVE ON BANKING AND ICICI IS THE BEST BET TO SHORT , REALITY IS ONE COUNTER WHICH MAY TAKE BEATING TODAY IN EARLY TRADE

 NIFTY 2600 NOV CALL (BUY) 50-58 (Target1) 75 ( Target 2) 90 (Sl) 45

The support for the Sensex is 8649-8393 and the resistance to the up move is at 8940-9130

Nifty: (2619) the support for the Nifty is at 2542-2464 and the resistance to the up move is at 2680

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.