7/5/2012

MARKET OUTLOOK (8/5/2012):-

NIFTY SUPPORT:- 5025
NIFTY RESISTANCE:- 5215
TREND DECIDER LEVEL:-5142


MARKET VIEW:- Well the behavior of Indian market today is vindictive of what WE have said in our earlier post . But all credit goes to one man. I request all investors to join us to give a few world of appreciation to Pranab Mukherjee who saved the 5000 nifty dam. He gave away all except one what market man wanted. Now the million dollar question what will happen now? Will nifty sustain the smart pull back and built on it. 

Well you will some action tomorrow as the market is poised interestingly tomorrow. Today’s US market is crucial for the direction of the market. While Asian stocks closed mixed, Europe is trading on a positive note after a smart recovery whereas Dow future has recovered a smart 130 point now at the time of writing this post.

Focus on midcap and small caps forgetting about the nifty which should be left alone to cross the hurdle of 5140, then 5180 convincingly with volume and positive breadth.

WELL my dear investors this is the right time to relook at your portfolio and get rid of junk stocks and arm yourself with some cash as large number of opportunity will come soon in your way.

HOT STOCK:- ONGC

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