Market outlook in this week (09-06-2008):

Again the target 4695 achieved. From last eight weeks seven weeks my market calls targets achieved. My portfolio deteriorated 4% but I am sitting with 5% NET gain in this week due to hedging. The markets are in the 4450-4950 range from last couple of months but all is set to break this range in the down side, means 4450 is to be broken in the near term. This week targets T1:4525 T2:4480 T3:4450 with a stop loss of 4680. A good buying interest might come at 4450 where pull back can lead to 4700. Market trend is down and “go short on every bear market rally” is the winning strategy right now.