02SEP 2008

To buy or to sell, is the question that haunts every trader in times of dullness; except investors! I think that selling is not the trend for the week. Just stick to our Weekly Outlook and trade accordingly. Hold onto your LONG positions of last week.
Tomorrow the markets are closed.

Those who could not buy on Thursday last, may look for some opportunity in Infosys on declines or above 1750. Just see our recommendations on Weekly Outlook and trade accordingly.

For F&O traders: INFOSYS call option of strike 1800 is quoting at about Rs.30. Lot size is 200 shares. So, total loss in a worst case scenario would be = 30*200 = Rs. 6000/-. Better if you get it for lesser premium.

Hurricane Gustav is pass and Oil has fallen down to our $110 level again. Yet, the economic woes of western economies are not over. This week's US economic data is crucial for breaking out of the range in which all the major economies are trading these past few days -and that too with very little participation.

We have included U.S.Economic data calendar at the bottom of every page. (Reference: "Vol" in that calendar means volatility caused and "Cons" means consensus/expectation).

(Oh No! One more browser! Google is also launching its own browser CHROME today).