MARKET STUDY

Market was utterly sentimental yesterday as the global market got upward trend day before yesterday. For instance, consider the scrip Maruti which had 17% drop in sales due to the strikes in Manesar plant, was the one of the biggest gainers (2.44%) among the auto stocks. Nevertheless, I feel so sorry about the market yesterday. i could not give any stop loss for my clients. The reason was that i decided to watch the market closely and to interfere in time. In addition, my last 19 predictions were correct. Also, i thought that giving stop loss is a way to flee from the risk. But, I could not watch the market yesterday because of some unavoidable personal matters( one of my aunts expired).Anyway, i have decided to give stop loss at any circumstance. Regarding our target, i firmly believe that market is still bearish and nifty will may touch our target 4750-4790 (within 7-8 market days at the maximum period). I suggest to put stop loss at 5110 level. I do not give stats as it is late to give information( all those things r covered by newspapers). I beg your pardon once more for the inconvenience , although there were justifiable reasons. GOOD LUCK...