MARKET VIEW FOR 7TH OCTOBER 2011

I WISH HAPPY DUSSEHRA TO ALL THE READERS, INVESTORS, TRADERS AND MEMBERS OF THIS BLOG.

MAY YOU ALL BURN THE RAVANA OF MISFORTUNE & WRONG  DEEDS FROM YOUR LIFE AND ALSO THROW AWAY POOR QUALITY STOCKS FROM PORTFOLIO..........




MARKETS HAS GIVEN MUCH VOLATILITY ON WEDNESDAY 5TH OCTOBER, WHERE NIFTY MANAGED TO CLOSE JUST ABOVE THE SUPPORT OF 4750. 


GOING FORWARD AS SAID EARLIER 5TH, 6TH AND 7TH SHALL BE BULLISH OR POSITIVE(BOTH IN U.S AND INDIA), WE MAY SEE ONE MORE VOLATILE TRADE IN  BOTH POSITIVE AND NEGATIVE TERRITORY WHERE THE BROAD RANGE OF THE NIFTY SHALL BE 4730-4830. HOWEVER IT SHOULD BE BORNE IN MIND THAT MARKET IS NOT GIVING ANY POSITIVE SIGNAL THAT IT WILL OUTPERFORM IN NEAR FUTURE WE REITERATE TO BUY PUTS TO HEDGE THE EXISTING PORTFOLIO AND ADD STOCKS AT THE LOWER LEVELS.


BUY PE4800, PE4700 & PE4600 FOR HUGE GAINS IN OCTOBER SERIES. KEEP EYE ON THESE OPTIONS AND BUY WHEN YOU GET NIFTY TRADING AROUND/ABOVE 4800-4850-4900. KINDLY NOTE THAT LAST WEEK OF OCTOBER SHALL BE VERY MUCH VOLATILE AND BEARISH, SO KEEP ON BOOKING PROFITS IN OPTIONS QUICKLY AND RE-ENTER WHEN THERE IS SHORT COVERING RALLIES FROM TIME TO TIME.


ALSO KEEP WATCH ON STOCKS WHICH I TOLD IN LAST POSTING. BUY THESE STOCKS FOR AT LEAST 3-4-6 MONTHS VIEW.

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.