QUICKGAINS PREMIUM NEWSLETTER 28/05/08

GOOD MORNING.

DEAR FRIENDS,

SAFE HAVENS

IT, PHARMA, FMCG, METALS & CHEMICALS ARE THE BUSINESSES WHICH ONE MAY LOOK AT FOR BUYING ON MAJOR CORRECTIONS IN MARKETS.

WE MAY WITNESS A DIFFICULT & PAINFUL CORRECTION IF SENSEX STAYS BELOW 16500 FOR LONGER THAN 4 WEEKS. POSSIBILITIES ARE TESTING OF PREVIOUS MAJOR LOWS OF 14677 & EVEN DEEPER UPTO 12500.

WHAT WE NEED TO SEE IS A QUICKER AND FASTER UPMOVE ABOVE 17500, A REMOTE POSSIBILITY AT CURRENT JUNCTURE. WE WILL TURN WILDLY BULLISH ONLY ABOVE 17800.

WE NEED TO STAY IN CASH & GENERATE MORE OF IT TO CASH IN WHEN WE SEE SUCH MAJOR CORRECTIVE MOVE OCCURING AND NOT BE A MUTE SPECTATORS. SO, BEST THING IS TO CONTROL THE DESIRE TO BUY AT PRESENT AND SELL STOCKS WHICH HAVE HIT STOPLOSSES. USE ANY OR EVERY RISE TO EXIT LONG POSITIONS.

WE HOPE YOU HAVE NOT FORGOTTEN YOUR LESSONS LEARNT IN THE MONTHS OF JAN - MARCH '08!!

GTL LTD (FORMERLY GLOBAL TELE) MAY TURN WEAK ON CHARTS IF BREAKS BELOW 238. FALL WILL GAIN VELOCITY BELOW 228. EXTREME SHORT TERM TARGET IS PLACED AT 218 AND SHORT TERM TARGET IS PLACED AT 205. RISE UPTO 245 - 248 MAY BE USED TO CREATE SHORT POSITIONS PLACING STOPLOSS AT 253.

TAKE CARE!!

BEST REGARDS,
NS FIDAIDISCLAIMER:[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]