For : Oct 23, 2008

NIFTY may have a very minor downside, but a rally from here will take NIFTY to easily cross 3300, 3347 may be seen within couple of days. Can go long on calls (till 3300 strike price) till expiry.

For : Oct 22, 2008

NIFTY is going to test its low again, start taking long position in the range of 3020-3043, for a short rally of 13-15% before expiry.

Modified NIFTY View

Still intact with the same, only the time frame is slightly changed and extended to +3 days each.

NIFTY OutLOOK

NIFTY again bottom-out for short term, we can again see NIFTY in good figure till expiry.
NIFTY first TgT will be 3470 which can be seen in couple of days,
NIFTY second TgT would be 3690 which we may see within next week,
NIFTY third TgT should be 3874 which is expected on or before expiry.

Market Outlook

NIFTY give a 14% bounce back from low and then fall again, still very weak you can see 3116 NIFTY in couple of days.
It will give any bounce back after that will be calculated then only.

Relative strength Analysis shows :
Stronger ----> Weaker (SENSEX as base)
H.C->OIL->PSU->BANK->AUTO->SENSEX->I.T->MIDCAP->SMALLCAP->C.D-METALS->REALITY.

List of relatively strong stocks will be issue later........

General View

Next four days are very crucial for NIFTY, you can see 3420 in next couple of days and even 3255 in next four days, Then hope a very good bounce back from those levels.

For : Oct 01, 2008

NIFTY will open around 1% up, some good news may take it more upside.
R : 3956-3998-4028-4060
S : 3893-3854-3811-3781.