well the markets have been turbulent witth a big downward bias but the recent retracement of that uptrend suggests atht markets are just inching to go up but they are not finding any positive news
the news from the global markets has not been good the jobs data in the US has not come well and there could be further downside
we need to be very careful with trading in this month as this is news heavy and event laden month
there is speech by BARAK OBAMA then there is RBI policy announcement and all these have the potential to swing the markets in either direction
the bias looks negative as the markets as just waiting for some bad news and the downfall gets very steep so just waiat and watch for some days which way the market swings as we can in for nasty surprise
but is all goes well the nifty can easily trade above the 5200 mark and that is when trades should be initiated
so lets wait and watch for some days and then lets see where it goes
the news from the global markets has not been good the jobs data in the US has not come well and there could be further downside
we need to be very careful with trading in this month as this is news heavy and event laden month
there is speech by BARAK OBAMA then there is RBI policy announcement and all these have the potential to swing the markets in either direction
the bias looks negative as the markets as just waiting for some bad news and the downfall gets very steep so just waiat and watch for some days which way the market swings as we can in for nasty surprise
but is all goes well the nifty can easily trade above the 5200 mark and that is when trades should be initiated
so lets wait and watch for some days and then lets see where it goes
No comments:
Post a Comment