Long or Short Opinion
- Thread starter rajputz
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Hi,
Tomorrow, I feel should be gap up, Dow has touched 11000, and retraced only 3 points and closed at 10997. with a 70 Plus points gain and s&P is sitting at 1194. All at the psychological levels.
FII cash in flow has been positive on a 70 point down day and the following day with 70 point rally.
Most of us have been saying all indicators are showing correction, but the main indicator, FII cash flow is saying more up side, with positive global cues, as of now, Sunday night, looks that we are going to scale 5400 gap up.
This can change only on strong negative news before we open on Monday.
Most stock are siting with double top or tripple tops, I feel all these will be negated, because, the heavy weight stocks like RIL, SBI, HDFC, TCS, Infosys, Wipro, Icici, etc have the habit of posting good results, and good guidance. This is good enough to take the market to 5450 levels and may be even more.
The fall in nifty is lilkely only after these heavy weights declare their results, because the second round of results after these main heavy weights , generally I have seen are not he good.
All negative news like, rate hike by RBI, (Greek, Iceland, Portugal, Dubai debt and derating), inflation etc have already been factored in the market. Unitl something new surfaces we should be careful.
Shorting is not a good idea, except in select stocks, not on nifty heavy weights.
This is my opinion, I can be wrong as market listens only to guys who play with huge money, FIIs, DIIs.
Thanks
Prem
Tomorrow, I feel should be gap up, Dow has touched 11000, and retraced only 3 points and closed at 10997. with a 70 Plus points gain and s&P is sitting at 1194. All at the psychological levels.
FII cash in flow has been positive on a 70 point down day and the following day with 70 point rally.
Most of us have been saying all indicators are showing correction, but the main indicator, FII cash flow is saying more up side, with positive global cues, as of now, Sunday night, looks that we are going to scale 5400 gap up.
This can change only on strong negative news before we open on Monday.
Most stock are siting with double top or tripple tops, I feel all these will be negated, because, the heavy weight stocks like RIL, SBI, HDFC, TCS, Infosys, Wipro, Icici, etc have the habit of posting good results, and good guidance. This is good enough to take the market to 5450 levels and may be even more.
The fall in nifty is lilkely only after these heavy weights declare their results, because the second round of results after these main heavy weights , generally I have seen are not he good.
All negative news like, rate hike by RBI, (Greek, Iceland, Portugal, Dubai debt and derating), inflation etc have already been factored in the market. Unitl something new surfaces we should be careful.
Shorting is not a good idea, except in select stocks, not on nifty heavy weights.
This is my opinion, I can be wrong as market listens only to guys who play with huge money, FIIs, DIIs.
Thanks
Prem
- Status
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