Nifty may soon cross 4300

We are having both Good News and Bad News for you. Good News first. Nifty may soon cross 4300 despite so much blood bath in the market. But the bad news is that the world's financial crisis is far from over. Today AIG, tomorrow it may Citi (It won't leave you to sleep). Yesterday's pull back is primarily due to purchase orders from Indian Insurance companies and short covering. I repeatedly pointed out that recovery of Indian market is possible only if Reliance Industries stablises. Yesterday Reliance recovers and the whole market. Today I expect a gap up opening of 50 points in Nifty. But the market would go up more with time passes.
Buy Nifty 4200 calls, 4300 calls for quick profit. Don't buy 4500 or 4600 calls or 3800, 3900 puts . Beware of ICICI Bank. Whatever happens to ICICI Bank's stock price, Don't enter in to the stock for now.
Good day for trading.


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