Sunday, June 7, 2009

Nifty Outlook 08-June-2009


Bull Level

In the scenario of nifty future crossing 4650 buy at retracement to 4630 with 4610 as stoploss for targets 4675, 4700, 4740.

Bear Level

In the scenario of nifty future breaking 4525, short at retracment level of 4540 with stoploss at 4560 for targets 4505, 4485, 4470.






For the entertainment of Bears

mcd08june2009.JPG




Mcdowell is not able to sustain above 1000. If market turns weak tomorrow, it will come under heavy attack from bears.

For monday trading, short mcdowell at retracment level of 955 with stoploss at 975 for targets 925, 900, 885

For the eyes of bulls only

Bharti Airtel put in a subdued performance last week. This week , if nifty sustains its upmove, expect airtel to outperform.

bharti08june2009.JPG

Crossing 841 in future, buy airtel at retracement level of 825 with stoploss at 808 for targets

855, 875, 899. This will be a positional trade.


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