The Stock Talk - Anil Desai

It is time to take stock.

Nifty: As mentined in the post of May 26, and the subsequent followup on May 30, Nifty is
moving towards its next pullback level of 4610, closing below the previous one given at
4749. If intraday, traders must be careful as there is too much of bearishness in the air. Nifty
is in a bad habit of surprising all. Overall, if 4610 breaks downward, panic steps in and a freefall in midcap shares would be observed.

3iInfotech Fut: The stoploss was hit. The pattern is valid till it reaches 110.

Sell Sail Fut: Posted on 28-5-08 . Gave good profis. Better to be satisfied. If still greedy 140
Should be a stop to that.

KS Oils : Went against the projections due to market fall. Better to step out till the air is clear.

3i Infotech Futures - Anil Desai

Personally I do not like to trade futures. But when you see such a good inverted H/S pattern it
is difficult to resist the trade. Longs can be initiated with a stoploss of 117. Condition: Market should turn positive.