Down market beware of shorts

Aug 18 2007  | Views 172 |  Comments  (1)
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  kbr9121965 posted 12 mnths ago

Markets may open with a gap of 200 points or so on Monday 20/08/2007.Due to international recovery all around.But this is a dead cat bounce.dont be fooled by it.
exit all long positions on this pull back rally which may last upto 14500-15200.we are in a correction mode so accept it.let the dust settle down before u make a new leap.wait till 15/09/2007 to get a clear picture.best way is to go the SIP route till then by averaging your portfolio.The volatility wil kill all new and experienced traders.The political picture is also getting cloudy.if we have elections god forbid it may create mayhem for the market.remember BJP fall in elections.
If also the Nuke deal falls apart then there will be new sanctions against India which may affect FII investors.So be careful now in short term.Take a well deserved holiday from markets.Because opputunities will always be there but endurance and sustainability will make you achieve your long term goals.
bye
 





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