Market Outlook 07/07/08

The future is not something we enter. The future is something we create....

Markets have come up from low's and moving upwards now and if not political crisis, this could have been good rally towards 4500 for sure.But now, one must also consider the political actvities running around -as much attention seems to be on politics rather than inflation or crude figures.Oil has gone up in record figures and in coming times, it will slide down and so does the inflation figures and finally market will be in total bull hands as it is in bear hands now.Mulayam is also giving confusing statements day by day and even Left parties are delaying things and it's all confusing situations.Unless this political things come down, volatility will go on continuing.Dow was closed for 2 day's and oil is near to $150 now.For today,nifty above 4000 wil try for first big resistance around 4100-4115 area and if crosses this then all chances of testing 4200 is high and if fails to cross first resistance, then selling might emerge again.Downside, below 4000 nifty will find strong support at 3965.

Stock watch for the day:

Today's calls only for clients