Market outlook in this week (09-11-09) : Be and make

In the recent months I have not given any market outlook on the weekly basis as the trend is very positive. I gave couple of long calls to build the portfolio which ended with great returns like 200% in the first call and 60% in the second call. The each call of the above said two contains more than ten stocks means out of the two calls there was more than twenty stocks.

Now, again it’s the time to hedge hence those still sitting with huge equity exposure can consider this hedging call. In the first part of the week we may see a consolidating or flat nifty with positive bias. This positive momentum can lift the nifty a little bit closer to the 4850 levels. If so, its a great opportunity to unwind all the long positions and Go short nifty around the 4820-4850 keeping the 4910 as a stop loss aiming the
T1:4725
T2:4655 and
T3: 4540 please note that this is not a intra-day call or swing call it’s a positional call means one need to have at least one week time to hold this call.
Markets can go beyond even these 4540 levels hence when it reaches that level please check for update of this call.

With thanks
Be and make