Market outlook for 04/09/09

Yesterday I had written above 4628 it will favour Bulls and will kiss 4663-674 level. It went upto 4649.90 & crashed.
Our Mantra for our Subscribers from morning till end session. On Rise Sell Sell Sell…Nothing else.
Now, What to expect from this level of 4587 ?
Nifty Future will face hurdle at 4628. Decisive crossover …Next target 4663-4674.
Support at 4548-4522 level. Once breaks 4522 level with volumes will take to 4445-4419 in hrs only.
Just watch Expanding Wedge on chart…it always favour Bears only.
Have u seen Gap @ 4546.
Trendline support at 4525-4520 level.
Always Remember :If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.

Hope you all have enjoyed our calls for the last 2 weeks. We have given calls for HindOilExpo, Niraj Cement, Archies, Berger Paint, Gati & Satyam which have produced unprecedented profit for our clients. We look forward to giving more such calls in the near future.

NIFTY Technicals:
Current Spot: 4593.55
Pivot: 4607.30
Supports: 4567 & 4541
Resistance: 4633 & 4674

Stock Idea for the Day
Buy Nocil @29.90 target 32 SL 29
Buy Navneet publications @101.60 target 105 SL 98
Buy RNRL @85.50 for targets of 86.45 and 87.20. SL of 84.60
Buy MNM @815 for targets of 825 and 834. SL of 808
Buy HCC @106 for targets of 108 and 109.50. SL of 105.20
Buy Educomp @4214 target 4290 SL 4170


Keep watch on gujarat fluorochemicals & Godawari power ispat ltd.. It should move up..

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks & Regard

Market Pulse S&P Team

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