Market Outlook for 19th August, 2013

Nifty Future:

Nifty headed to 5000 and any bounce in market should be utilised to short and in next few days it can pullback to around 5625.  So far IT and Pharma stocks along with Reliance were supporting the market from a big fall has become weak from last Friday.. Market will continue to face severe selling pressure and henceforth, bears presence will be more pronounced.

In Individual stocks, Bank India / Dr Reddy / HDFC / Indusind Bank / Kotak Bank / M &M / Reliance will have further erosion in prices..

Big money in market is made only in shorting as fall will always be sharper than rise. If you are serious in technical trading, join the Chat room.. Unfortunately due to high inflation / Cost of   living, I have increased my fees to Rs.8500/- p.m.

Good Luck !!