Tuesday, April 1, 2008

Would the Market sustain Rally?

Apologies for not writing for last two days, due to personal problems could not write for last two days. A Gap up opening of 4910 on the Nifty is probably on cards, a mild correction towards 4880 would be the place to go long, and worst case scenario can be 4860 on the Nifty. If the Nifty drops below 4750 it might not go past 4910 as of today. Way the Asian Markets are panning today might not be the day to use every bounce to sell. For Options I think 5000 Nifty Call could be bought in a range of 120 – 140 target could be 160 – 180 if Nifty moves past 4920.

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