Hi Frdz..
We are going to trade in the before mentioned trading range pretty much on our dates stated much before:::::I accounted for Fed stupidity(And also included Political ignorance...which occured bit more).
The more Indian operators and Global punters delay the process...the more prolonged the pain of bear market will last.
We will remain coupled for some time get derailed,and return to bull phase pretty soon...will let you know the dates ....so far tentative is October.
Keyplayers will be Operators..they are bit confused..and are not able to gauge the Mrkt correctly,FII's will remain on sideline.
In layman's term..what this means for us, Important:
1) Don't get trapped in the first and second suckers rally.
2)
Start arranging for Cash.."Cash is the King"
3) Pick out Fundamentally good Stocks...avoid going long on Penny stocks for some time..
Contrary to what other's say Momentum stocks at this point of time will be ideal to book quick Profit and average out losses...for this there willl be heavy reliance on charts and keep in touch with people around the forum......it goes without saying these are short term spurts and will need considerable skill...and I consider them less risky
4) Those who are stuck at high level..plan accordingly..(And remember losses are Virtual and only become reality when you book them.....but at the same time it's
prudent to book less loss,and reenter to earn profit..it helps in getting goodnight's sleep)
Again I am surprised to see...
Analysts are Stupid and more often they seem to be getting kickbacks or are simply on the payrolls of Management to keep stock prices up.
They keep shouting Buy Buy when mrkt was 21k ..Buy Buy when Mrkt was at 15k and pretty sure they will shout Sell Sell when Mrkt will be less than 14k range.This disgusts me and they are in no place to misgude retail Investors.
Pretty sure we need to start a thread to rate Analysts on the forum...so that new investors can benefit on their credibility.
p.s.: In lighter note,Indians are becoming addicted to Shares...they want some activity daily....it does not matter if stocks fall 1000 points or rise 1000 points.
What
will kill us,especially the new school
....
.if Sensex trades Flat for 2 years.