MARKET OUTLOOK FOR JULY 24, 2008
BY
MUSHTAQ KHAIR
 


This report contains 1) Market Levels for the day 2) Technical View on the market 3) Index Chart with labeling and 4) Free Trading tip for non-subscribers. Aimed at serving the purpose of day-traders (speculators), position traders and investors at large.

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SUPPORT TODAY'S MARKET LEVEL RESISTANCE
2 1 1 2

14568/415

 14842/645 SENSEX - 14942.28 14980/15127 15202/260/390
4361/15 4446/4385 NSE - 4476.80 4492/4540 4569/85/4618
 

OVERVIEW & BRIEF TECHNICALS


A run-away rally
UPA winning trust vote, positive global cues and falling crude prices, all this led to an euphoric sentiments. Market opened with 500+ points higher gap (perhaps first time such a big gap), and rallied further through out the session.

The preceding 4 days declining segment from 14066 level got retraced completely in equal period, which tells us that change in medium term trend is confirmed. We have already projected upper target for ongoing bear market rally to be at 15800-16300.

We have immediate strong resistance on the higher side is at the gap area of 15390 (see chart). While, on the down side in the midst of several supports (given above), the strong support comes at the huge rising gap to be filled at 14206.

Trend for now is up and decline is simply for buying, hence traders are advised to try and catch the bus at the lower end of the channel (i.e. between 14000 -14200).

 

 

LONG TERM MARKET VIEW ... Authored in Sept. 2005
(Latest long term view will be updated soon)
 
DAY TRADING TIP (Cash Market)
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STOCK
 		 CMP SUPPORT RECOMMENDATION STOP-LOSS RESISTANCE
S2 S1 R1 R2
               
        FOR SUBSCRIBERS      
       

FOR SUBSCRIBERS
 		      
       

FOR SUBSCRIBERS
 		      
       

FOR SUBSCRIBERS
 		      
       

FOR SUBSCRIBERS
 		      
 
POSITION TRADING (F&O)
The entire table is for subscribers
 

(CALLS JAN. 2008)
SMART TRADERS DWELLING RING
RIDE THE TREND TILL THE WEIGHT OF EVIDENCE INDICATES THAT IT HAS REVERSED
(DERIVATIVES PICKS)
STOCK CALL STARTED TRAD INST TREND LONG/SHORT S/LOSS TARGET TARGET ACHIEVED ON NO OF DAYS % RETURN
T1 T2 T1 T2
                       
EXAMPLE 23/02 FUTURE UP LONG @ 2060/2066 2049 2075 2085   CLOSED
23/02		 1 DAY 12.3%
N-- 24/07                    
N-- 22/07                    
N-- 21/07                    
N-- 18/07    

THIS TABLE IS
ONLY
FOR SUBSCRIBERS

      
N-- 17/07          
N-- 16/07          
N-- 16/07          
N-- 15/07          
N-- 14/07          
N-- 14/07                    
N-- 11/07                    
N-- 10/07                    
N-- 09/07                    
N-- 08/07                    
N-- 04/07                    
N-- 03/07                    
N-- 02/07                
N-- 01/07            
 
TRACK RECORD
 
   
   

MONTHLY PERFORMANCE REPORT
(CLOSED) FUTURE CALLS
(Jan 01 – Jan 31)

CAPITAL APPRECIATION – 294.98%

Calls Out-performed the market by: 307.98%
Market Depreciated in Jan. (compared to Dec) -13%

Total number of calls issued

 22

Average (holding period)
No of days invested

 0.95

Successful calls
(86.4%)

 19

Capital Appreciation
9.04%/0.95*31 =(Average Profit/holding period*31)

 294.98%

Failed calls
(13.6%)

 3

Market Depreciated
During Jan, 2007

 -13%

Average percentage
(Profit) per call

 9.04%

Calls out-performed
The market by

 307.98%

 Calculations are based on Gross Margin.
View the "Details" of each closed call issued in “Jan” 2008”
 
 
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Feedback and comments are invited from the readers.
analyst_mhk@hotmail.com

DISCLAIMER:
Authors recommendations are solely made with the purpose to educate the market participants/traders/investors and to enable them to derive maximum benefits by acting upon them. while due care has been taken in preparing these comments, no responsibility will be assumed by the author for the consequences whatsoever, resulting out of acting on these recommendation.