JAI SHRI KRISHNA
DOW JONES RALLIED YESTERDAY
NASDAQ ENDED FLAT.
ASIAN MKT TREND IS MIXED
EXPECT A GAP UP OPENING, BUT REMAIN CAUTIOUS @ HIGHER LEVELS
EXITING UR LONGS IS THE BEST OPPURTUNITY IN THIS PULL BACK.
VOLATALITY CONTINUES... MARKET OUTLOOK:-
TODAY IF NIFTY CASH REMAINS ABOVE 4900 FOR SOME TIME THEN EXPECT A RALLY UPTO 5000 AND THEN 5100 BY TOMMOROW. HOWEVER TRADE VERY CAUTIOUSLY AS MARKET HAS YET NOT GIVEN ANY BULLISH SIGN WHAT SO EVER. TODAY BE A SMART TRADER AND BOOK SMALL PROFITS IN YOUR LONGS. DO NOT CARRY ANY LONGS FOR NEXT DAY. THE VOLATILITY TOWARDS DOWN SLIDE WILL BE VERY FAST, SO BE VERY CAUTIOUS IN TRADING EVEN INTRADAY. HOLD NIFTY 4800…
POWER FUL CORRECTIVE RALLY ON THE CARD…..
TAKE ADVANTAGE & HIGHER LEVEL PLAY FOR SHORT SELL
WATCH BOUNCE BEFORE ANOTHER FALL.
STRONG HURDLE 4980-5000, THEREAFTER SHARP UP MOVERELIANCE POWER : SMART TRADERS ARE TAKING POSITION….AT CURRENT LEVEL, DOWN SIDE RISK IS VERY LIMITED AND MAXIMUM BOTTOM 300. (PLEASE DO NOT UNDER ESTIMATE ADAG - DO & DIE PROCESS ANY TIME WILL START) NOW MKT MAX DOWNSIDE 800-1000 POINTS BUT RECOVERY OF 2500-3000 POINTS CAN BE SEEN SOON SO START BUYING AT ANY LOWSWE HAVE SEEN SHORT COVERING IN STOCK FUTURES. FIIS WILL CONTINUE TO BE POSITIVE ON INDIA. BUT THEY MIGHT HAVE TO RESORT TO SOME AMOUNT OF SELLING IN ORDER TO OFFSET LOSSES SUSTAINED BY THEM IN THE WESTERN MARKETS, PARTICULARLY THE USSOMEBODY ONCE ASKED THE INVESTMENT GURU WARREN BUFFET ABOUT WHEN THE RIGHT TIME TO SELL ONE’S STOCKS IS AND THE ANSWER WAS ‘NEVER; IF YOU HAVE QUALITY INVESTMENT’. ALSO, IF YOU DO NOT HAVE A HIGH RISK TAKING CAPACITY, DO NOT TRY TO MAKE A FAST BUCK BY INVESTING IN THE SO CALLED MOMENTUM STOCKS. THEY MAY LOSE THEIR VALUE IN NO TIME AND YOU WILL BE HOLDING NEXT TO NOTHING. SO BE A SMART INVESTOR AND STAY INVESTED FOR THE LONG TERM.
DON’T PANIC AND STAY INVESTED FOR THE LONG TERM IF YOU ARE A LONG TERM INVESTOR, WHO HAS INVESTED IN FUNDAMENTALLY STRONG COMPANIES, YOU SHOULD NOT BE WORRIED TOO MUCH ABOUT VOLATILITY AND SUDDEN DOWNTURNS. REMAIN INVESTED AND USE THE OPPORTUNITY TO BUY AT LOWER LEVELS. THERE IS ABSOLUTELY NO NEED TO PRESS THE PANIC BUTTON AND START SELLING AMIDST HIGH VOLATILITY. IPOS DRAINED OUT LIQUIDITY FROM THE SYSTEM DOMESTIC FACTORS ALSO CONTRIBUTED TO THE RECORD FALL IN NO SMALL MEASURE. THE PRIMARY MARKET WAS INUNDATED WITH A LARGE NUMBER OF IPOS. LIQUIDITY WAS SUCKED FROM THE MARKET AS PEOPLE INVESTED IN THESE OFFERINGS WITH EXPECTATIONS OF WINDFALL GAINS ON LISTING. HUGE SELLING BY FIIS AND HEDGE FUNDS HEDGE FUNDS AND FOREIGN FINANCIAL INSTITUTIONS (FIIS) HAVE ALSO STARTED SELLING IN OUR MARKETS. THIS IS BECAUSE THEY WANT TO REALLOCATE THEIR INVESTMENTS AND BOOK PROFITS TO CUT THEIR LOSSES DUE TO THE ECONOMIC MELTDOWN. FEARS OF A RECESSION IN THE US ONE OF THE BIGGEST REASONS FOR THE HEAVY DUTY FALL IN THE MARKETS IS A FEAR OF RECESSION IN THE US ECONOMY. LET’S TAKE A LOOK AT THE PRIME FACTORS RESPONSIBLE FOR SUCH A DRASTIC FALL IN THE MARKETS. DOW JONES: UP 200 POINTS AND NASDAQ UP: 24 POINTS... LETS EXPECT SOMETHING BETTER FROM THE US MKT @ CLOSING BELL. THIS WILL LEAD TO ASIAN MKT RALLY AND OUR MKT CAN SUSTAIN ABOVE 200 DMA THAT WILL ACT AS A MAJOR SUPPORT FOR OUR MARKET... LETS HOPE FOR THE BEST
DOW JONES RALLIED YESTERDAY
NASDAQ ENDED FLAT.
ASIAN MKT TREND IS MIXED
EXPECT A GAP UP OPENING, BUT REMAIN CAUTIOUS @ HIGHER LEVELS
EXITING UR LONGS IS THE BEST OPPURTUNITY IN THIS PULL BACK.
VOLATALITY CONTINUES... MARKET OUTLOOK:-
TODAY IF NIFTY CASH REMAINS ABOVE 4900 FOR SOME TIME THEN EXPECT A RALLY UPTO 5000 AND THEN 5100 BY TOMMOROW. HOWEVER TRADE VERY CAUTIOUSLY AS MARKET HAS YET NOT GIVEN ANY BULLISH SIGN WHAT SO EVER. TODAY BE A SMART TRADER AND BOOK SMALL PROFITS IN YOUR LONGS. DO NOT CARRY ANY LONGS FOR NEXT DAY. THE VOLATILITY TOWARDS DOWN SLIDE WILL BE VERY FAST, SO BE VERY CAUTIOUS IN TRADING EVEN INTRADAY. HOLD NIFTY 4800…
POWER FUL CORRECTIVE RALLY ON THE CARD…..
TAKE ADVANTAGE & HIGHER LEVEL PLAY FOR SHORT SELL
WATCH BOUNCE BEFORE ANOTHER FALL.
STRONG HURDLE 4980-5000, THEREAFTER SHARP UP MOVERELIANCE POWER : SMART TRADERS ARE TAKING POSITION….AT CURRENT LEVEL, DOWN SIDE RISK IS VERY LIMITED AND MAXIMUM BOTTOM 300. (PLEASE DO NOT UNDER ESTIMATE ADAG - DO & DIE PROCESS ANY TIME WILL START) NOW MKT MAX DOWNSIDE 800-1000 POINTS BUT RECOVERY OF 2500-3000 POINTS CAN BE SEEN SOON SO START BUYING AT ANY LOWSWE HAVE SEEN SHORT COVERING IN STOCK FUTURES. FIIS WILL CONTINUE TO BE POSITIVE ON INDIA. BUT THEY MIGHT HAVE TO RESORT TO SOME AMOUNT OF SELLING IN ORDER TO OFFSET LOSSES SUSTAINED BY THEM IN THE WESTERN MARKETS, PARTICULARLY THE USSOMEBODY ONCE ASKED THE INVESTMENT GURU WARREN BUFFET ABOUT WHEN THE RIGHT TIME TO SELL ONE’S STOCKS IS AND THE ANSWER WAS ‘NEVER; IF YOU HAVE QUALITY INVESTMENT’. ALSO, IF YOU DO NOT HAVE A HIGH RISK TAKING CAPACITY, DO NOT TRY TO MAKE A FAST BUCK BY INVESTING IN THE SO CALLED MOMENTUM STOCKS. THEY MAY LOSE THEIR VALUE IN NO TIME AND YOU WILL BE HOLDING NEXT TO NOTHING. SO BE A SMART INVESTOR AND STAY INVESTED FOR THE LONG TERM.
DON’T PANIC AND STAY INVESTED FOR THE LONG TERM IF YOU ARE A LONG TERM INVESTOR, WHO HAS INVESTED IN FUNDAMENTALLY STRONG COMPANIES, YOU SHOULD NOT BE WORRIED TOO MUCH ABOUT VOLATILITY AND SUDDEN DOWNTURNS. REMAIN INVESTED AND USE THE OPPORTUNITY TO BUY AT LOWER LEVELS. THERE IS ABSOLUTELY NO NEED TO PRESS THE PANIC BUTTON AND START SELLING AMIDST HIGH VOLATILITY. IPOS DRAINED OUT LIQUIDITY FROM THE SYSTEM DOMESTIC FACTORS ALSO CONTRIBUTED TO THE RECORD FALL IN NO SMALL MEASURE. THE PRIMARY MARKET WAS INUNDATED WITH A LARGE NUMBER OF IPOS. LIQUIDITY WAS SUCKED FROM THE MARKET AS PEOPLE INVESTED IN THESE OFFERINGS WITH EXPECTATIONS OF WINDFALL GAINS ON LISTING. HUGE SELLING BY FIIS AND HEDGE FUNDS HEDGE FUNDS AND FOREIGN FINANCIAL INSTITUTIONS (FIIS) HAVE ALSO STARTED SELLING IN OUR MARKETS. THIS IS BECAUSE THEY WANT TO REALLOCATE THEIR INVESTMENTS AND BOOK PROFITS TO CUT THEIR LOSSES DUE TO THE ECONOMIC MELTDOWN. FEARS OF A RECESSION IN THE US ONE OF THE BIGGEST REASONS FOR THE HEAVY DUTY FALL IN THE MARKETS IS A FEAR OF RECESSION IN THE US ECONOMY. LET’S TAKE A LOOK AT THE PRIME FACTORS RESPONSIBLE FOR SUCH A DRASTIC FALL IN THE MARKETS. DOW JONES: UP 200 POINTS AND NASDAQ UP: 24 POINTS... LETS EXPECT SOMETHING BETTER FROM THE US MKT @ CLOSING BELL. THIS WILL LEAD TO ASIAN MKT RALLY AND OUR MKT CAN SUSTAIN ABOVE 200 DMA THAT WILL ACT AS A MAJOR SUPPORT FOR OUR MARKET... LETS HOPE FOR THE BEST