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Market outlook for rest of the week


posted by ASHOKSHARMA on Wednesday, February 22nd, 2012


We all watched the Breaking News on News channels and web-sites. Now the reality is that European leaders are all out to quick fix the Greece debt problem. That is why we advised our followers not to panic on down days, rather accumulate your favorite pick on such days.

Now my dear investors I am always in the camp which says half full instead of half empty. It always pays to be in the positive frame of mind, body and of course money.

Now the worst is behind for US and Europe. Emerging markets like China, Brazil are on the verge of breakout. Rest is up to you to calculate.

In stock market only those investors make money who foresee thing to come in future. A respected name in investing horizon Mr. SAMIR ARORA bought Hero Honda around 600-700 level when others are selling in panic in late 2008 when everybody was selling their portfolio at throw away prices. See the result yourself. And the standard disclosure we are the followers of Smart Money always.

Well next 3 days volatile market expected with some wild move in select stocks. Nifty is likely to face stiff resistance at breakout level of 5640. A flash profit booking is expected to shake out the weak investors out of the market.If it sustain above 5640 with volume, then huge short covering is expected in the bear hammered stocks. Hence fantastic opportunity is available for some quick profit. Nifty will find support at 5580, 5500 level.

Since the expiry week it will see high volatility. Hence trade in options to be in the safer side. Option trading is very profitable during expiry week as the premiums are very low and options beta is very high.

NIFTY RANGE 5540-5640
BUY GUJRAT GAS CMP 394 STOP 389 TARGET 410

Ashok Sharma

posted by ASHOKSHARMA on Wednesday, February 22nd, 2012


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