Market Forecast

[koshyssj]

Market Forecast for 07.05.07

I hope all the traders has benefited from my forecast for the day.. the market witnessed both up & down trends and the markets consolidated well today. As i said earlier traders must be very cautious since the markets closed below the support level of 4143 and there is no need for panic. One may see some more down slides before the next upswing.

On 07.05.2007, the market may open flat or positive with mixed trends and if it remains above 4110+ keep long with SL of 4085 for a target of 4145-4175 and if it breaks and remains below 4090 go short with SL 4105 for a downward target of 4075- 4055. I once again advise all traders to reduce longs... since the market is in a crucial phase, please adopt watch, wait and trade policy. trade safely..

 

[koshyssj]

dear friends
i will not be able to post the forecasts for Tuesday and Wednesday since i am going out of station for on official tour.. i will be back by Wednesday eve and post messages regularly thereafter... I WISH ALL A SAFE TRADING
koshy

 

[akspilot]

hello,i will forcast commodities trend viz,gold silver,crude oil,pepper,cardamom,natural gas.wait and watch carefully my future prediction.

 

[koshyssj]

hi akspilot
welcome.. i am eagerly watching for ur prediction
koshy

 

[javedind7]

Hello Friend,

How are you.

I have stuck in futures of ESSAROIL bought @ Rs 59.35 & PFC bought @ Rs123.85 .Please guide me for further deals in it,i.e. to hold or sell them.Also please let me know how to get Meta stock 10 so that I can also take advantge of it.

Thanks

Javed.........

 

[akspilot]

cardamom may future- support 470,458,446
resistance 476,486,494
trend -bearish.
june contract-bullish.

 

[maharam1956]

I have bought Mudra Lifestyle 200 shares @ Rs.77.20 and now it is trading at
Rs.69.30. Kindly advise me about the scrip whether hold or sell ?

 

[koshyssj]

Hello Friend,
I have stuck in futures of ESSAROIL bought @ Rs 59.35 & PFC bought @ Rs123.85 .Please guide me for further deals in it,i.e. to hold or sell them.
Javed.........

dear javed,
regarding PFC, your purchase price is a bit high and if the market moves up, there is a likely chance for you to atleast escape from the scrip. its immediate target (if up) is at 125.45.. if u can take risk hold it for atleast a week, if not, exit at the earliest without waiting for the scrip to reach 128+.
Regarding essaroil, i presume that u purchased it at a wrong time. it has an immediate target of 56.75 only and i think it will become necessary for u to carry over the position to next month.
a word of caution: before taking a final decision upon the matters commented, think yourself and take your own decision. i will not be responsible in any way for the decisions taken by you.

koshy

 

[koshyssj]

I have bought Mudra Lifestyle 200 shares @ Rs.77.20 and now it is trading at
Rs.69.30. Kindly advise me about the scrip whether hold or sell ?

dear maharam,
hold it for some time.. eventhough it's immediate target is around 73 only, u can atleast escape from it without loss.. if u can take risk, exit and invest in high volatile shares like indiabulls, unitech etc and minimise the loss.. (final decision will be yours only and not mine...)
koshy

 

[rasasen]

FII GRAND GALA SUMMER SPECIAL NETSELL figures (provisional) for 9th May,2007:

Equites : 300 crores
Index futures : 601.92 crores
Index Options : 48.46 crores
Stock futures : 455.94 crores
Stock options : 8.55 crores

TOTAL : 1414.87 CRORES

regards,
rasasen