For the time being I will dwell on the general market out look and not be sector or stock specific unless if it is to illustrate.Few days down the line I will get to start doing the specific versions.The day will begin in optimism which will last for the first one hour and then we could see the familiar trend of the bear hammering.
I always believe when certain levels are cracked and a recovery is made then the system will try to crack it two more times before giving up and retracing.7700 spot Nifty was cracked yesterday and we could see it being retested and my money says it will be sucessful, how long will it take is the question, it may happen sooner than we could think it to happen.
Most Asian markets are on a holiday and we see the Hang Seng and the Shanghai index saying two different things and this situation will be dealt on a separate blog on the Chinese market.Over all we could see Sensex going below 25k marker, and Nifty getting closer to the big support of 7550.
Shorting would be the order of the day if not done so already, but do not go over board doing so, especially retailers.There are enough and more opportunity to make money coming up on the horizon.Hence why risk fishing in murky waters.
As usual have a safe and prosperous trading day.
I always believe when certain levels are cracked and a recovery is made then the system will try to crack it two more times before giving up and retracing.7700 spot Nifty was cracked yesterday and we could see it being retested and my money says it will be sucessful, how long will it take is the question, it may happen sooner than we could think it to happen.
Most Asian markets are on a holiday and we see the Hang Seng and the Shanghai index saying two different things and this situation will be dealt on a separate blog on the Chinese market.Over all we could see Sensex going below 25k marker, and Nifty getting closer to the big support of 7550.
Shorting would be the order of the day if not done so already, but do not go over board doing so, especially retailers.There are enough and more opportunity to make money coming up on the horizon.Hence why risk fishing in murky waters.
As usual have a safe and prosperous trading day.