Monday, February 18, 2008

Market Outlook (18/02/2008)

Hi Friends
Markets are all set for a PREBUDGET rally...The fundamentals and the technicals both give a clear indication of a ROCK SOLID Expiry for this series..
As per the technicals the markets have bounced back after breaking the 200 DMA levels twice and history also says that markets have strongly bounced back after that. As per the technical experts...... the markets are all set for a ride on the upside and it could be termed as a pre budget rally....
We have already booked our positions on friday and we can reenter the same with nifty targeting 5800+ in expiry....

All our investment picks are rocking.. and should be kept on hold.
INOX Leisure is looking very good at the moment.. and may target 175 in the near term.
Happy Investing
Investomaniac
JAIDADIKI

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