The market seems to be very weak , Lot of volatility and concerns related to the Crude. Market seems to be correcting on the Nifty chart and i see it bouncing to the 4700 Levels and then again will be back in the trend downwards. I see market going to level of around 4400 and lower around next month . As the Crude Problem is not getting resolved any time sooner so i don't see market becoming bullish any time sooner. Companies Like GM, BMW and few other are investing in the Hydrogen Fueling technology in the Cars and heavy vehicle most Probably by 2013 they say they will be able to produce comercially the Car based on this technology giving the public sigh of relief, though this may not be cheaper than Petrol or desiel when it is Launched but atleast we will have an alternative to Crude based Product.
Market Call:- Buy the July Put of strick Price 4500 around Premium of 150 for the target of around 250 with a stop loss of 30 Rs.
disclaimer:-Views expressed are my own and should not be considered as financial advice in any way. Please do the necessary due diligence before entering any trade.
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