NIFTY has been forming a rising WEDGE in rising market which normally has Negative implication and now there are signs that it might Break-down and below 5350 Nifty selling pressure would be high as last few days we have seen volume rising with selling pressure after Double Top formation around 5492. Important would be small cap & micro cap stock which has risen fast due to flat market would see faster erosion as speculators have exited while retails are holding position in a big way.
http://akprabhakar.blogspot.com/2010/08/irrational-exuberance.html Now many stocks are recommended through SMS where low equity, low floating stock stocks are jump moving faster giving good returns.
http://akprabhakar.blogspot.com/2010/07/definition-of-bear-market.html Definition of bear market
U.S protectionism as expected due to high employment there would be back of mind as this would impact Services sector and Indian Government has raised voice which is very late and very less. TECH, METALS and Capital Goods stocks could see selling pressure. My advice to investor Hold Cash Diwali Discount sale can be possible in stock market where u can buy more stocks for less price. The U.S. trade deficit widened sharply by 18.8% in June to $49.9 billion, the Commerce Department said Wednesday. This is the largest trade gap since October 2008.
CAUTION: I have been holding a Bearish view for the year 2010 from December2009 we started the year around 5200 and now 5400 which is just 4% return in 7months where a Bank deposit would have given better returns with safety. We have been telling year 2010 would be flat to Negative year with 18700 as High for 2010 and low can be 13000-12000. Important is not I being right or wrong how much money you can make as investor should take informed decision as free advice is available all over. http://prabhakar-views.blogspot.com/2010/02/be-informed-investor-in-informed-world.html
http://prabhakar-views.blogspot.com/2010/08/commonwealth-is-not-spent-well.html (Common)Wealth is not spent well!
http://www.akprabhakar.com/index.php regular update on market
