The market closed last week on a very bearish note at 4710.05. If the market fails to trade above the 4750 mark in the opening moves, then the market will continue to be weak and continued trading below 4690 mark will signify further weakness which might take it to 4515 levels and even down to 4432 levels. However, if 4432 too is broken then an all out carnage may take it to 3980.
Saturday, November 26, 2011
Saturday, November 19, 2011
4843 continues to be the crucial support for S&PCNX Nifty and if broken conclusively next week, the market may see further erosion down to 4720 and then 4538. These are excellent times for medium time investors to go for staggered accumulation at best possible bargains. Bouts of discount sales will keep on coming up as hedge funds and some banks and nations go burst.
Tuesday, November 8, 2011
If you are not a compulsive investor, try investing in metals and top notch banks, for these are the ones that drive the economy and therefore stock markets. Other sectors follow. How long the wait`s gonna be, no one knows. But these are the ones that`ll lead once the players think the risk is neutralized. If you are not a compulsive investor, try bidding at the best possible bargains for these are the times.