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Showing posts with label Stock market review. Show all posts
Showing posts with label Stock market review. Show all posts

Market View 23/04/2009


Said Arjuna:
"O Janardhana, if you consider that intelligence is better than actions, then why are you asking me to perform this ghastly action?"
[Chapter 3 verse 1-Bhagvad GITA]
Its 2 way game in the mkt for last few days..And For intraday playerintelligence is better than actions so some low volume on cash segment considered compared to las 6-8 segment and it will continue in coming days.
Yesterday many stocks gave a downside breakout, but immediately got support. The good part is NIFTY still holding 3300 mark. The bad part it makes life difficult for intraday players. Now any up move in mkts should be considered only above 3514. On the downside if NIFTY breaks 3300 mark, we can expect some panic.
Today also Nifty will remain volatile and one should try to book profit at regular intervals.For morning session Nifty spot above 3342 can show some recovery and if Nifty breaks 3300 level then we can see some more selling pressure in the market
Nice trading day!!!!!!

Market Strategy 21/04/2009


"Real freedom lies in wildness, not in civilization"- Charles Lindbergh.

Here bear expect to feel some freedom.....Because as charles wildness is true freedom and todays market will move wildly with reversal signal in market.....
Last three session provide stablization but now we can rely on global cues which is very negative today's....All Major indices in the world trading in negative zone with large downfall..Some biggest company's post poor results across the world and once again uncertainity in global economy drag the indices........
So for Indian market today sell n every rise for intraday player and for short term swing trader may sell their long position for 3-5 session......
Today's 10600 level for sensex is crucial so watch out this......
Nice Trdaing!!!!!!!!!

The Way ahead


The Way ahead.....

The bulls may have found their winning ways for Developed market quite some time now. But the bears will hope Some profit booking will bring them into focus sooner than later. Thereafter chart its own course depending on what investors expect in todays monetary policy. On the positive side, bulls will hope some rate cut takes place. The cacophony of the Lok Sabha elections continues with the market more or less pricing in a fractured verdict. These concerns will play up closer to the election results next month.
For now the larger market seems to be quite ignoring the corporate results though stockspecific activity will continue depending on the results. Though the mood remains positive a much need cooling has evaded the market for some time.
Globally, investors are hoping that companies deliver results which show signs of revival and are hoping that firms, especially in the financial sector are not sitting on any landmines.

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