Market View

Given the rising signs of global slowdown which may eclipse corporate profits, market will likely to remain under pressure for some more time. Markets will largely be news driven. I expect Nifty to take support at 3800-3750 levels where we have seen put selling

At present we are certainly not optimistic on markets. The Sensex is headed for a test of 12500 after respecting resistance at 14000. The primary trend remains down and failure of 12500 would warn of a down-swing with a target of 10000...

Inflation for week ended Sep 13 remained unchanged at 12.14 per cent. The wholesale price index based inflation has stabilized on a year-on-year basis, but still far above the 3.5 per cent for the same week last year.

Call buying was observed at 4000 strike while bears wrote calls at strike 4100-4500. On the other hand, put buying was seen at 4000-3800 levels while 3750 saw put writing where Nifty might take support.