Markets rallied smartly yesterday in the morning as expected but as I was saying that it was like playing musical chairs and so some one decided to stop the music abruptly. Profit booking started and though there was some recovery, panic was evident in the market as correction started. 20K is being like a tough point for the market to close.
US markets tanked yesterday as further rate cut seemed unlikely and also economy slowing down. Our markets will react to this news but once we see good correction, rally should resume again. This should provide good opportunity to buy again.
IFCI tanked again to 80 levels after reaching 95 and again a good chance to buy now. I am sure one will get another 3 to 4 opportunities like this.
Focus on specific stocks and buy accordingly in the correction mode.
Friday, November 2, 2007
Market Comments - Volatile Markets
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9 comments:
ifci i have bought at 93.3 Pl. tell me what i have to do now.
The danger of severe recession is looming large on US economy. What you think will be its effect on Indian bourses? After all, asia catches cold if USA sneezes.
I value oyour analysis sir.
can you please throw some light on siemens diagnostics and its future prospectus.thanx
Can u please tell me in what should I invest in on Monday. Kindly tell me if I am a short term investor and dont want to hold a share for a long time ???
Hi Srikanth,
I do not have any hesitation to say that you are doing great service to common retail investors of Indian Stock Market by providing valuable and rational tips without charging any penny.Market being a high risk zone itself one needs to be cautios but you seem to be good guide.
Accept lot of thanks from me and all.
Anand Gupta,Patna
09934490910
where are you srikanth.. everyday i see ur webpage around 9 30 am ist..
now i dont see ur comments... missing ur analysis and valuable suggestions...
Hope everything is awrite, but really we would like to know if fresh positions can be taken at this juncture ? The Market is just not correcting.
I missed your monday morning musings!
Hello Srikant,
Thanks for your timely advices. I am developing a general understanding as well as investing wise with your help.
Where can I see the list of stocks you recommend to buy? If I could also see what time frames you have in mind for maximum benefit, it would be great.
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