what lies ahead

the market ahs seen alot of turbulence in the recent past

a mix of local and interantional bad news has brought the market down to the 5000 level and the market is trying to find its feet at these levels

the downtrend is clearly underway and it looks that the market may go downawrds from here

but as they say when everybody is saying that the market will go down that's when the market decides to go up

one or two good news and the market may decide to go upwards from here

i think that this is the time for conatarian call

the downside is almaost done may be 1-2% more from here but the upside looks to more if the market decides to go up

so i advise long on the market with stop loss at around 4940 levels

buy the sep 5200 or 5300 calls and a 100 150 swing in the nifty can fetch you handsonme returns

so going long would be my advise

but dont buy august calls they are about to expire on the 25th of aug and that can mean huge erosion in thier premium

so happy trading

outlook for 2nd aug

the moves in the market are now being dicatated by what is happening in the global markets .

last week it was rbi policy which pushed the market down and now its the US debt crisis .

the european markets were down and out  almost 2to 3% the dow and the nasdaq were down almost 1to 1.5% from where they opened .

so expect a soft opening for the market the market should open down .

but would it stay there .

well that depends on many things .

first the results that have come for maruti and tata motors are below expectation so expect a a downtick there.

then it would depend on gloabal cues if european markets extend thier lossses then expect the NIFTY to slide down further .

anyways the impact of the rate hike is still to be fully refelected on the nifty so you can expect further slides in the market .

so be short and remain short till the  nifty does not decicively break 5550 mark .

so happy trading .