Market Outlook (7th Jan, 2008)

Hi Friends
As advised earlier, caution is the order of the day. We would open gap down on back of weak global cues (bad payroll data in US). Our long term pick KSERA SERA is already doing wonders giving more then 50% returns in just a months time. At this point of time I would not advice any fresh trade but for all those who are in good profits and are willing to buy a lottery ticket of Rs 7500 (means either it will double or u loose). I would prefer them to buy a NIFTY 6150 PUT @ arnd 150-155 or below... there is no target for this call because the price can go anywhere if the market falls heavily (which i am expecting). I am expecting a fall of atleast 1000 points in this week (probably arnd thursday/friday)due to various reasons:- 1) Weak Global cues 2)considerable amount of shorts build up particularly in the last 2 days of trade 3) Nifty Futures have been trading in discount for almost the entire month sending weak signals 4)backed by some sources in mumbai who have booked profits on friday for themselves as well as their clients. 4)The expectation of a fall is there from the past one week.. (it is not sumthing new or sudden which has come to my mind)..
Hence for all these reasons and some other which cannot be deliberated here I am 80-85% sure of the above statement and henceforth I gave a NIFTY 6150 PUT BUY CALL to all those who are in considerable amount of profits... (treat it like a lottery)

Happy Investing
Investomaniac
JAI DADI KI