Hi friends,
Market lost almost 400 points on sensex today. As expected, it is becoming difficult for the market to hold firmly above sensex 17000 level. It sold off on global cues today.
But note that in this bad market also
HAVELLS, STC INDIA, HIND.COPPER, JUBILIANT FOOD,STRIDES ARCOLAB are very good medium term buys.
Banks weak. One can go short selling them.
More tomorrow,
With the best regards,
Jagruti.
Market lost almost 400 points on sensex today. As expected, it is becoming difficult for the market to hold firmly above sensex 17000 level. It sold off on global cues today.
But note that in this bad market also
HAVELLS, STC INDIA, HIND.COPPER, JUBILIANT FOOD,STRIDES ARCOLAB are very good medium term buys.
Banks weak. One can go short selling them.
More tomorrow,
With the best regards,
Jagruti.
7 comments:
You wrote on 15 Dec:
The mar ket broke the sup port of Sen sex 15500 and it is head ing towards 14500 now and then 12500 for sure in time to come. The mar ket is bear ish. Even gold and sil ver has bro ken its trend line now and are sure to decline. Ral lies will come but this will not be a sign of mar ket turn ing bull ish, they will be bear mar ket ral lies and any rise should be used for short ing or sell ing and book ing prof its on invest ments. Traders should sit on cash and be ready to invest near ing bot tom in the fun da men tal ly good scripes.
Any comment?
Hi,
Am so glad that somebody observes my blog so closely. In the absence of comments I sometimes feel that I write in air and no one reads !
Thanks for this comment.
Yes, I wrote so on 15th dec. After that market did went to 15135 level and lost momentum but it did not reach to the levels I predicted. But it does not mean that it will not reach to that levels yet ! In between it took support and went up again may be a bear market rally or change of trend, one does not know yet. It is at a strong resistance level now and needs observation. We can judge the trend next week.
And moreover, technical analysis works on some logics and methamatics which says that there is more probability to the prediction coming out to be true but it can not give us 100% accuracy of the predictions to be true.
Thank God, your prediction of 12,500 didn't come true!
To err is human, to accept it is divine. To expect market to go down to 12,500 is ........
Bear rally, relief rally, bull rally -- how does it matter?
If u were not right earlier, why do you expect to be r ight now?
Now what shud be done any idea
I agree abt the shorts call made during that time,,,however it seems that short guys need to wait little bit more since it seema that it wud be the ideal position to short on advances ......bcoz it feels that it will be violent correction all the way
Market at a crucial level. wait and watch. Decide at mark 18000, if at all it reaches.
Yes, dear , I also thank God for market not reaching at sensex 12500level.Even I like the market to be bullish. And that prediction may not be said to be an error but it is a probability which failed. That time it looked apossibility.
You can keep watch on how many times I am true and how many times I am wrong , I just watch the market !!
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