Market Outlook August 5th 2009

Trading in August month has started on a positive note; this is due to good earnings result in Q1. Average profits were up about 26% and sales were down about 4%. These higher profit earnings are due to heavy cost cutting measures by the companies. Profits by book are very easy, but very hard to sustain. Hence, high caution is recommended to all Long Trades by Day Traders. Adani Power is oversubscribed by 21 times, this means Rs. 60,000 crores is blocked from the Market. If NHPC issue oversubscribes by at least 10 times, then another Rs 60,000 crores will be blocked from the Market. Remember what happened in 2008, when Reliance Power IPO was released. Market crashed heavily due to lack of fund from many Hedge Funds and FIIs.

It is very much advised to be cautious in these market conditions. Maintain strict Stop Loss and remain in cash by End of Day.

Thank you for joining this discussion, see you in the evening with Post Market Outlook.

Happy Trading!
Day Trading Analyst

Trading Calls for August 5th 2009

Here are today's trading calls, please maintain one level Strict Stop Loss and Trade in the Market's Direction only.

Symbol		S3	S2	S1	Pivot	R1	R2	R3	V %		RS	W%R
IFCI		49.07	50.18	51.07	52.18	53.07	54.18	55.07	100.73%		4.18	-15.58
JPASSOCIAT		170.77	188.88	216.77	234.88	262.77	280.88	308.77	101.51%		4.36	-14.84
SATYAMCOMP		97.73	100.67	103.83	106.77	109.93	112.87	116.03	448.59%		4.49	-8.44
SUZLON		90.13	92.12	94.73	96.72	99.33	101.32	103.93	104.35%		1.86	-53.69
UNITECH		88.40	90.60	92.45	94.65	96.50	98.70	100.55	104.25%		4.35	-14.80

Legend:

S 1, 2, 3: Support Levels

R 1, 2, 3: Resistance Levels

V%: Volatility Percentage (The Higher the percentage, higher the liquidity)

W%R: William's Percent R (0 to -20 is overbought levels, -80 to -100 is oversold levels)

Note: Trading in Market's Direction is Always Recommended.

We will post Our Trading Call's Performance in the Evening's Post Market Outlook.

Happy Trading!
Day Trading Analyst

Pre-Market Outlook August 5th 2009

The Indian Markets has witnessed a good amount of profit booking yesterday. This has pulled down the Sensex and Nifty to little lower levels. However, the US Markets has opened and performed on a positive note in Aug 4^th Session, this makes us to breath little easy. Asian Markets also started up quite good this morning. Hence, we can expect a good positive trend in Indian Markets.

If Nifty opens above 4684 and stays above this level, it has some strong Resistance at 4727 and 4773 levels, if Nifty manages to break these levels, the next strong Resistance level is at 4815. In case, Nifty open below 4684 levels, then we can find support at 4638 and 4596 levels, if Nifty slides beyond this point, then the next strong support is at 4549 levels.

Since, global market cues are highly positive in nature due to extended earnings, we can expect a good positive movement in the Indian Markets.

Thank you for joining this discussion

Happy Trading!
Day Trading Analyst