Nifty outlook for 27th August

Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.

Nifty Trading Strategy August 29- september 5

US markets continue to look flat.Growth is slower than expected.Less then expected housing sell resulted into dragging stock market.Nikkie -Japanese stock market trading at 16 years low-After effect of current appreciation.

Start of next series is going to be on cautious note.Nifty to trade in range of 5380-5700.Next support of market is 5420 once it breaches 5450.Nifty will make a very strong pullback at 5380.Uptrend is in take.Assuming Global environment remain stable

Nifty outlook For 26th August 2010

Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5420 levels. Below 5420 we may expect pull back . 5540 is important resistance area on the upside.

Bank nifty future has closed near the days low at 10947.10 and one may expect further downside up-to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200 . So one may go for sell on rise strategy in it until it close above 11200 level.

Buy Hindalco 180 Call Option at 1.8 RS

SURE SHOT CALL on 25 August :

Buy Hindalco180 CALL Option September series (1 Lot is of 2000)

@ CMP 1.8

strict SL 1.2

Target 4.7,7.5, and more

Reason: Hindalco is down abt 8-10 percent after ex-dividend to support level of 162.Also surprise expected on september 3 (AGM).Bonus or final dividend.

Nifty Position for 25th August 2010

Nifty in profit booking mood after its continued positive trend . Market is still looking bullish and will continue the bullish trend until Nifty sustains the short term support level of 5480. So one can buy it on dips until 5480 is sustained. On the upside, short term resistances can be seen at psychological supply zone of 5600 and 5650.

BUY TCS 920 CA @10 Rs September Series

SURE SHOT CALL on 24 August :

Buy TCS 920 25 CALL Option September series (1 Lot is of 500)

@ CMP 10

strict SL 7

Target 17,22, and more

Reason: TCS is set to adjust it IT pear 22 PE to 24 PE .Stock target 960 Rs till 25 sep

Buy Ispat Industries 25 CALL Option

SURE SHOT CALL on 24 August :

Buy Ispat Industries 25 CALL Option September series (1 Lot is of 11000)

@ CMP 0.3

strict SL 0..15

Target 0.95, 1.25, 1.75 and more

Reason: Ispat Industries is set to announce June Quarter result on 28th August. Ispat

Industries

will publish more than market's expection.