TIME TO KEEP YOUR EARS OPEN
It has been a long time since I posted my last article on stock market. The last 2 months have been hectic for me in the form of travel,both personally&professionally.
The stock market, throughout the world in general, and India in particular are in a strong downwide momentum and gaining speed as it breaches important support levels.
The Nifty, after a brief rally upto 5275-5300 in May, has become distinctively weak and all subsequent rallies were quickly sold into turning any investment buying into loss for the time being.
Now with Inflation at 11.50% and crude at 140 dollars/barrel, market is in no mood to reward any buyers or contrarians.Though lot of analysts and fund managers are expecting a fall of only 8-10% fall in Index from these levels, nobody is willing to buy shares for long term as there are too many uncertainities surrounding the market.
In my opinion, these levels of 4000-4100 may hold on as bottom for this July series and may move upto 4350-4375 on the upside.Keep your ears open and as more and more people talk negatively abt market in general and index levels in particular, start investing steadily for doubling your money in 3 years time.Best of Luck!
The stock market, throughout the world in general, and India in particular are in a strong downwide momentum and gaining speed as it breaches important support levels.
The Nifty, after a brief rally upto 5275-5300 in May, has become distinctively weak and all subsequent rallies were quickly sold into turning any investment buying into loss for the time being.
Now with Inflation at 11.50% and crude at 140 dollars/barrel, market is in no mood to reward any buyers or contrarians.Though lot of analysts and fund managers are expecting a fall of only 8-10% fall in Index from these levels, nobody is willing to buy shares for long term as there are too many uncertainities surrounding the market.
In my opinion, these levels of 4000-4100 may hold on as bottom for this July series and may move upto 4350-4375 on the upside.Keep your ears open and as more and more people talk negatively abt market in general and index levels in particular, start investing steadily for doubling your money in 3 years time.Best of Luck!
Labels: stock market - indian and global
posted by manipayal @ 1:12 AM
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