INDIAN MARKETS WITTINESS HEAVY SELLING AND DEEP CUT AROUND 100 POINTS IN NIFTY DUE TO GLOBAL MARKETS. ASIAN STOCKS SLID YESTERDAY WITH THE BENCHMARK REGIONAL INDEX HEADED TO ITS LOWEST CLOSE IN MORE THAN A WEEK, AMID UNCERTAINTY ABOUT EUROPEAN BAIL-OUT FUND TALKS AND AS THE US COMPANIES GREW MORE PESSIMISTIC ABOUT THE OUTLOOK FOR THE WORLD'S LARGEST ECONOMY. NIFTY CLOSED AT 5091.90, DOWN BY 47.25 POINTS AND SENSEX CLOSED AT 16936.89, DOWN BY 148.45 POINTS, WITH THE WEAK MARKET BREADTH. BOTH MID-CAP AND SMALL-CAP INDICES CLOSED IN RED TO THE TUNE OF NEARLY HALF A PERCENTAGE.
GOING FORWARD, THE EUROPEAN UNION SUMMIT THIS WEEKEND (Sunday, 23rd October, 2011) ON THE REGION'S DEBT CRISIS HOLD THE KEY OF MARKET DIRECTION. ALSO THE CREDIT POLICY MEET BY RBI ON 25TH OCTOBER 2011(TUESDAY), SHALL ALSO BE THE KEY TO INDIAN MARKETS.TILL THEN THE NIFTY SHALL BE RANGE BOUND BETWEEN 5170-4940. BREAK ON EITHER SIDE SHALL INVITE FRESH 150-200 POINTS MOVE IN NIFTY.
IS IT TIME TO REMAIN CAUTIOUS(FOR BULLS)????
YES, IT IS. HOWEVER INVESTORS SHOULD BUY ON DIPS THE GOOD QUALITY STOCKS AND ACCUMULATE MORE, IF ALREADY HOLD.
ASTROLOGICALLY: AS I HAVE ANALYSED ASTROLOGICALLY THAT MARKETS WILL TAKE DOWN WARD JOURNEY IN THE LAST 10 DAYS OF OCTOBER, THE KEY EVENT LIES ON 23RD OCTOBER AND 25TH OCTOBER. THE PLANETARY CONFIGURATION SHOW A CUT IN INDICES IN THE LAST 10 DAYS OF OCTOBER, HENCE AGGRESSIVE LONG POSITION SHOULD BE AVOIDED AND PORTFOLIO SHOULD BE HEDGED BUY BUYING PUT OPTIONS.
FOR SPECULATORS AND DAY TRADERS, OPTIONS OF NIFTY (EITHER CALL OR PUT) WILL BE SUGGESTED ONLY ON SUNDAY, 23RD OCTOBER. AS ALREADY SAID ITS TIME TO REMAIN OUT OF MARKET AND ONLY WHEN THERE IS ONE SIDED DIRECTION VISIBLE WE SHALL ATTEMPT TO TRADE IN NIFTY OPTIONS. HAD YOU BEEN TRADING FOR LAST 3-4 DAYS, YOU MIGHT HAVE TAPPED IN OPTIONS RESULTING IN LOSSES. SO BETTER WAIT TILL 23RD AND THEN TAKE A FRESH CALL.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
GOING FORWARD, THE EUROPEAN UNION SUMMIT THIS WEEKEND (Sunday, 23rd October, 2011) ON THE REGION'S DEBT CRISIS HOLD THE KEY OF MARKET DIRECTION. ALSO THE CREDIT POLICY MEET BY RBI ON 25TH OCTOBER 2011(TUESDAY), SHALL ALSO BE THE KEY TO INDIAN MARKETS.TILL THEN THE NIFTY SHALL BE RANGE BOUND BETWEEN 5170-4940. BREAK ON EITHER SIDE SHALL INVITE FRESH 150-200 POINTS MOVE IN NIFTY.
IS IT TIME TO REMAIN CAUTIOUS(FOR BULLS)????
YES, IT IS. HOWEVER INVESTORS SHOULD BUY ON DIPS THE GOOD QUALITY STOCKS AND ACCUMULATE MORE, IF ALREADY HOLD.
ASTROLOGICALLY: AS I HAVE ANALYSED ASTROLOGICALLY THAT MARKETS WILL TAKE DOWN WARD JOURNEY IN THE LAST 10 DAYS OF OCTOBER, THE KEY EVENT LIES ON 23RD OCTOBER AND 25TH OCTOBER. THE PLANETARY CONFIGURATION SHOW A CUT IN INDICES IN THE LAST 10 DAYS OF OCTOBER, HENCE AGGRESSIVE LONG POSITION SHOULD BE AVOIDED AND PORTFOLIO SHOULD BE HEDGED BUY BUYING PUT OPTIONS.
FOR SPECULATORS AND DAY TRADERS, OPTIONS OF NIFTY (EITHER CALL OR PUT) WILL BE SUGGESTED ONLY ON SUNDAY, 23RD OCTOBER. AS ALREADY SAID ITS TIME TO REMAIN OUT OF MARKET AND ONLY WHEN THERE IS ONE SIDED DIRECTION VISIBLE WE SHALL ATTEMPT TO TRADE IN NIFTY OPTIONS. HAD YOU BEEN TRADING FOR LAST 3-4 DAYS, YOU MIGHT HAVE TAPPED IN OPTIONS RESULTING IN LOSSES. SO BETTER WAIT TILL 23RD AND THEN TAKE A FRESH CALL.
Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.
Disclaimer:
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this blog are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither I (Vikas Srivastava) nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.
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