Search Web
Friday, June 27, 2008
Markets in pure DownTrend stream
With every trading day,the nifty and sensex hitting new bottoms clearly says that we are in down trend.Professional traders are looking for shorting opportunities every day.No good news is available to stop the down go.So dont get strapped by small recoveries to buy any new stocks.Find an opportunity to exit ,if possible. Otherwise,dont try to be smart to beat the market.If nifty goes below 4100 and stays there for a while,the sentiment will get weaken further ,we may have to see 3750 soon.You may be able save by buying some puts but it is very difficult to predict now.Oil price is the culprit for all wrongs.The Gov. is not taking any effort to contain oil price.Even though it is global issuse,the gov. should find a way to address the problem.Can't the gov take a tough stand against the nations which export oil.