Wednesday, August 4, 2010

STOCK NEWS FLASH

STOCK MARKET NEWS

Delta Corp to sell Prabhadevi land to ICICI for 250 crore.

The surprise is the stock is down more than 1% today on NSE.

MARKET OUTLOOK
EXPECT ANOTHER RANGEBOUND DAY.

Those who have shorted can add one more if it goes upto the levels of 5490-5505.

If rangebound happens do not trade today. Wait patiently for a high.
I strongly feel that it is highly difficult to cross 5478.

My stoploss for shorts is 5512 and for longs is 5390.



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