Market Outlok on broder basis

Dear All,
Nifty closed at 2570 levels on Monday and being hammered toward lower levels, Zandu try to analyze the market .

Nifty if break 2500 levels on closing basis can set the target in range 2380--2250 levels but zandu analyze that we can expect some short covering while reaching this target .

Risky tarders can go long at levels of 2570 for target of 2650--2725 with stoploss placed at 2475
on closing basis.

Though at higher levels (if reach 2680----2725 range) we suggest to create shorts for positional trade on nifty .


Zandu suggest try to use derivative strategies to trade highly volatile market, for any suggestion on trading strategies , derivative strategies and portfolio management kindly mail to me at equitytrader10@yahoo.in, equitytrader@in.com, niftytrader@in.com,equitychartguru@yahoo.co.in

For technical trading calls please visit ttp://www.equitychartguru.blogspot.com

For portfolio management advice please visit http://www.fundootechnicals.blogspot.com/

Thanks & happy trading
your's zandu