22 Jan 2008
Market should find a bottom by itself
All the supports are broken in the blood bath on the dark Monday. Now wee need to watch for the yesterday's low 4977 level. It is expected that that level will be tested today. If Index did not stop at 4977, then it can go up to 4875, which is the 200 day moving average. We do not expect The market will not fall below that level.
The US markets were closed yesterday. Asian peers have extended losses in early trade. Nikkei lost more than 3% and Hangseng down 7%..... The bear's action is continueing...
FIIs were net sellers for 3296 crores while DIIs bought for 3399 crores. It is a positive sign.
NSE advance declines were 8:1181. Highly negative.
What to do next:
Best policy in this kind of volatile market is to be quite and stay away with best discipline. Market will find bottom in 2,3 days. Then bulls can enter into the market.
so Let us wait for some time....
Market should find a bottom by itself
All the supports are broken in the blood bath on the dark Monday. Now wee need to watch for the yesterday's low 4977 level. It is expected that that level will be tested today. If Index did not stop at 4977, then it can go up to 4875, which is the 200 day moving average. We do not expect The market will not fall below that level.
The US markets were closed yesterday. Asian peers have extended losses in early trade. Nikkei lost more than 3% and Hangseng down 7%..... The bear's action is continueing...
FIIs were net sellers for 3296 crores while DIIs bought for 3399 crores. It is a positive sign.
NSE advance declines were 8:1181. Highly negative.
What to do next:
Best policy in this kind of volatile market is to be quite and stay away with best discipline. Market will find bottom in 2,3 days. Then bulls can enter into the market.
so Let us wait for some time....
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15 Jan 2008