Stock Market Pre-Opeping Outlook: As per my views, Yesterday market opened choopy but after 30 mins of trading it had shown some what bull run and easily crossed 5250 levels. But there was really strong resistance at 5265 and due to which nifty was trading at 5260-5263 levels alsmot for 1.5 hours. But EU markets opened with positive cues and that helped indian market to rally above resistance level of 5265 and then it had amazing strong bulll run which helped nifty to cross 5300 mark. After strong run finally nifty closed at 5289 and future was in 11 points premium at 5300 levels. Today i am expecting nifty to open with minor GREEN mood but for whole day it might stay choppy but with negative biased with  5250 again target level. Keep my words in yr memory on every rise: “Short SEPT 2010 nifty for every 40-50 points rise and hope my followers had shorted nifty today but it should be only 1 lot at a time.”

• Nifty Range: Above 5310 Resistance 5340, 5357, 5393 Support 5250, 5220, 5180
• Stocks to watch: Yesterday’s BTST (TTK Prestige, IVP Ld & HOEC), Rolta, Thomas Cook, Bank of India, SKumar
• Sector to watch: Reltail Sector (Shoppers’ Stop, Provogue, Pantaloons & Trent)
• Don’t go long in any Realty and Metal stocks now. As i am expecting correction in china (8-10% correction)
• Remember my trading basket: Finance Basket