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TIPS, FREE, CALLS, MARKET OUTLOOK, TRADING CUES FOR 01.07.2010.COMING 2 DAYS ARE CRUCIAL, SET YOUR BINOCULARS ON EUROPE: WWW.ASHOKSHARMA.CO.CC

Market will open GAP DOWN following weak global cues and remain in consolidation mode in the first half. A very volatile and panic move expected today. Keep your eye on breaking news ticker from Europe and US markets.

Today Midcap space in media sector is the safest and most profitable. Today market will be directionless in the 1st half with resistance at 5320 and support at 5220.

If it sustains above 5320 for some time bear will run for cover giving quick fire return in nifty. So be alert today. Opening in European market will provide cue for the further direction today.

The following are the cues to help you in trade today.

  • US markets yesterday closed down 1%.
  • Asian market opened down 1-2%.
  • SGX nifty is down 52 point.
  • Dollar index is below 88.15, monitor it closely
  • Gold at $1239 and crude is at $ 75.26.
  • London future is down 81 points at 8 am.
  • Dow future is down 51 points at 8 am.

The best strategy today is to remain in the sidelines to pick your favored stock in panic.

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This entry was posted on Thursday, July 1st, 2010 at 8:07 am and is filed under GENERAL, GLOBAL STOCK MARKETS, INTRADAY CALLS, MARKET NEWS, MARKET OUTLOOK, TECHNICAL ANALYSIS. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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