I believe today's sudden fall in Nifty was a good opportunity to get in and the market is likely to move higher from here on. As long the given support levels are not breached there's nothing to worry.
About Me
- Manish Bothra
- Kolkata, India
- Disclaimer: This Blog, its owner, creator & contributor is not a research analyst and expressing opinion only as an Investor in Indian equities .He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog.Information or stock recommendations contained in this blog are for educational purposes only. Investors are advised to consult financial consultant before acting on any such information. Before acting on any old recommendations, please ensure its relevance in current circumstances.
Sir,
ReplyDeleteI believe Guv may do a U-turn on GAAR 'very' soon. This Guv is after all famous for messing up important economical data(IIP) as well as Monday one-Tuesday another statements.
SELL in May has started playing out. Do you still feel we are out of the woods considering your important supports at 5170, 5150,5130 have already been breached comprehensively. Whats worst--- the weekly close has happened below "your comfortable" levels. Whats even worse--- closed below 200DMA. Technical people say markets are oversold and a rally is in the offering but then again we remained overbought(Feb-March'12) for 3-4 weeks without any significant correction. Are you looking at any other levels now like 5030-20,4900. Do enlighten us...
Next week is another eventful week( globally).Even if a 40-50 pt nifty rally would lift us people would abstain from buying and doubt that rally. And unless there is follow up buying (from FIIs, retailers don't quite really matter to BSE,NSE), people will keep selling every rally. The ball is in the Hands of P Dadu whose media statement-- "Oh my goodness"( when asked about being the next presidential candidate) is much talked now. I guess markets will welcome if a conservative man like
P Dadu is given some restful position and a more proactive man is put at the helm of affairs.
Do remember my Q in para2...Awaiting your reply
Thanks and Regards,
Piyush
GAAR is out of the way and deferred for a year. But wait a sec, will the Guv face the bouncer(Acid-Test) just before elections. Impossible!!! so i take it as 2013+1....
ReplyDeleteAnother U-turn by P-Babu. By now he is master of all U-turns...Another buzz today on the street was FDI in Aviation (KFA rocketed)...But then again 'they' just buried this topic a few days back. But anything is possible with our masters...Monday one and Tuesday another...I hope they don't do another U-turn..
As of now...Celebrate as FII's will be pumping Again and may take us back to 5500+ before retail investors realize that an opportunity has been missed Again..