On global cues market is expected to open weak. Expect some kind of recovery for the day in the second session of trading. As the interim was turned to be non event the market is heading for big sell off in the coming days and this time can go below the previous October levels.Traders should avoid any long position and sell on very rise and be cautious in the present market conditions. The two days fall in reliance industries indicates further weakness in the counter. Nifty below 2700 is very weak in the coming days.
DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE.
BSE, NSE Stock Ticker, India
Tuesday, February 17, 2009
Subscribe to:
Post Comments (Atom)
Posts
I was watching the CNN Money Summit just a while ago and they say the current stimulus is just the down payment of the big money that needs to be pumped in to fill the big whole.
ReplyDeleteAnd even with the stimulus was signed by President Obama, market went deep down today. Many people in the age of retirement has been put to dark with their pension savings washed away by this tsunami recession.