Fair & Well 2009
Markets this year has given everything to everyone. Highest % gainer in all Asian markets. After the election result, our market capital has increased 10,000 cr/sec and hit upper circuit. We never know when this will happen again. But happy, we were at the time that has happened once.
Now in this week, the mentality of most of the traders and investors will be to protect their capital and to start the New Year with some profit. So the outcome may be very severe or without any fire work. Technical wont work on this week, if the volume's remain on the lower side then the volatility may be unpredictable.
For a sample, look out this picture;
Now in this week, the mentality of most of the traders and investors will be to protect their capital and to start the New Year with some profit. So the outcome may be very severe or without any fire work. Technical wont work on this week, if the volume's remain on the lower side then the volatility may be unpredictable.
For a sample, look out this picture;
This was the snap shot of opening trade happened in SGX Nifty. Look out the volatility of 300 points with high at 5300 and low point at 5000. Even these kind of moves also can be expected.
So my choice would be to wait aside instead of fighting these kind of volatility. But still, the move to look for is from Bank Nifty. I am expecting a short covering of around 5 to 7% in this sector.
Like wise Bharti Airtel stocks can be accumulated for a short term target of 346. My previous recommendation (last week) on Sail, Cairn, ICICI, Axis, Reliance, Tata steel did well and still SBI is intact for a target of 2400. Hope you friends used this for some smart gain.
Nifty spot levels for this week:
Crude my complete this year above 80$ and next year may turn the year of commodities. For Smart profit just join in my PAID SERVICE. Have a happy trading week.
So my choice would be to wait aside instead of fighting these kind of volatility. But still, the move to look for is from Bank Nifty. I am expecting a short covering of around 5 to 7% in this sector.
Like wise Bharti Airtel stocks can be accumulated for a short term target of 346. My previous recommendation (last week) on Sail, Cairn, ICICI, Axis, Reliance, Tata steel did well and still SBI is intact for a target of 2400. Hope you friends used this for some smart gain.
Nifty spot levels for this week:
5070 - 5119 - 5160 - 5210 - 5287 - 5330
Crude my complete this year above 80$ and next year may turn the year of commodities. For Smart profit just join in my PAID SERVICE. Have a happy trading week.
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