Market Comments - Weak Global Markets

The bumpy ride continues. We are seeing this for the past 2 weeks are so with markets going up and down and the volatility also is very high. We had weak US markets yesterday because the markets their believe that FED may not cut rates in near term. This was a big dampener for them and so there was a sell off.

Our markets also will open weak as bears are waiting for an opportunity to strike on bulls. Will the bulls surrender and will we have a panic selling again needs to be seen. I think there will be some pull back attemt as lot of shorts are there which needs to be covered.

GMR infra was available at 680 and is now at 780 even in this volatile market. So also other stocks which moved up decently for one to make money. The market has become good for traders to make money. Keep focus on specific stocks I recommended and buy at dips.

"Smile is a curve that straightens everything"