Market Outlook: Market to open negative on Global cues and weak Commodity prices where Crude and Copper has seen big correction would pressure Metal and Oil & Gas sector, Nifty opening below yesterday low with a Gap-down then selling pressure to be more as possible Island reversal would force traders to square trade as Monday 28th would be holiday for Indian markets making this week also longer weekend. Derivative settlement ended with Nifty futures was 70 % and Market wide rollover 84%, Overall position Rs.78, 218crs. Today is 136th day from low of 6th March 2009 and 221 days from 27th October 2008 low and 144 & 233 are important Fibonacci number where turn date can be possible with error and caution is advised and any correction from here can be deeper and for correction or rally no reason can be assigned. Real weakness in Nifty would be below 4700 on continuous 2-3days closing basis only, INFOSYS result starts on 9October which has normally been trend setter. Logistics sector is expected to clock Rs 5, 96,114 crore in annual revenues by 2013-14 on the back of strong growth in economic fundamentals as well as favorable regulatory environment, said CRISIL in report. IGL/GDL/DHANBANK/SKUMAR/KALINDEE and TATACOMM are 6 stocks which I would suggest as investment for next 2years only for investors use correction to accumulate.
Caution: Whenever caution is advised many feel this is time to short market and lose money, there is still no weakness in stock market. One should understand short selling needs lot of understanding and training in market just because a stock or Index is overvalued one shouldn’t go short as “Warren Buffet has said The market can remain irrational longer than you can remain solvent"” one should sell only in weakness where lower tops and bottoms are made or trading below short term or long term moving average happens. Mistake which happens is Majority short sell highs 52week or all time high and what moves higher moves higher so please avoid such mistake. Hedging is different as you are already invested and you are protecting your investment against unforeseen event as any major correction across the globe has happened due unforeseen event only.
http://economictimes.indiatimes.com/News/News-By-Industry/Banking/-Finance-/Dhanalakshmi-to-enter-asset-management-business/articleshow/4979796.cms
Caution: Whenever caution is advised many feel this is time to short market and lose money, there is still no weakness in stock market. One should understand short selling needs lot of understanding and training in market just because a stock or Index is overvalued one shouldn’t go short as “Warren Buffet has said The market can remain irrational longer than you can remain solvent"” one should sell only in weakness where lower tops and bottoms are made or trading below short term or long term moving average happens. Mistake which happens is Majority short sell highs 52week or all time high and what moves higher moves higher so please avoid such mistake. Hedging is different as you are already invested and you are protecting your investment against unforeseen event as any major correction across the globe has happened due unforeseen event only.
http://economictimes.indiatimes.com/News/News-By-Industry/Banking/-Finance-/Dhanalakshmi-to-enter-asset-management-business/articleshow/4979796.cms
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