TIPS, CALLS, MARKET OUTLOOK, TRADING CUES FOR 10.02.2010: ASHOK SHARMA
Published on Wednesday, February 10th, 2010 at 7:55 AMAuthor: ASHOK SHARMA (540 Articles)
EQUITY ANALYST WITH A CLIENT BASE ALL OVER INDIA.GET RESEARCH BASED TRADING TIPS ON YOUR MOBILE.HIGHLY ACCURATE AND AFFORDABLE PAID SERVICES.
Market will be positive and volatile. Keep watch on china market today as trade data to be released.FII selling will keep the market on tender hooks. FII are the most confusing lot buying some day selling the other day. The following are the cues to help you in trade today.
• US markets yesterday closed positive.
• Asian market opened mostly positive.
• SGX nifty is positive up 43 points.
• Dollar index is dangerously below 80, monitor closely
• Gold down and crude is up.
Keep close watch on nifty today any close above 4855 with volume will see a swift bear squeeze which will propel nifty above 4900 this time. There could be a sharp breakout on either side in the second half.
TODAY’S NIFTY RANGE: 4770-4855
STOCK PICK of the day: CAIRN INDIA
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ASHOK SHARMA THU HI FRAUD MA DAR CHODDDDDDDDDDDDDDDDDDDD HAI SALAY BHE N CHODDDDDDD MERA 4 LAC KI LOSSS LAGGAYIIIIIII