ItZ tym to reflect on global scene............
We hav d rizing inflation, rising crude oil price nd global weakness in equity market........ Price of Crude Oil rizez wen $ becomes weak nd strong $ will keep the upside mov of crude oil prize in check.......... $ wil becom strong nly wen US economy improves......... dere is another factor - strong $ wil also hav an impact on commodities price....... Commodity price will Kool down wen $ becomez stronger......... dis is the equation which is looming large all across d countries nd financial markets r facing dis paradox every day...... In short, global conditions r quite gloomy nd unpredictable....... d fear of rising interest rate back home is also keeping the bulls away........
Cuming bak to our markets we may hav had made a short term intermediate bottom nd Nifty is movin widin a downward trend channel whose upper end is at 4600......... Bears r more active now nd every upward move is met wid selling nd new shorts being developed in d system........ Gng forward if we get gud global cues in a row we may see sum rally in beaten down sectors lyk Bank, Realty, Infrastructure nd Capital Goods.......
Lets see hw thngs shape up in cuming weeks........ We may have some wild swing swingsss.........
And its better to stay away frm dis choppiness nd wait fr another opportunity to go long nd hold our positions long enough to make better profits.......
REGARDS
NJ
We hav d rizing inflation, rising crude oil price nd global weakness in equity market........ Price of Crude Oil rizez wen $ becomes weak nd strong $ will keep the upside mov of crude oil prize in check.......... $ wil becom strong nly wen US economy improves......... dere is another factor - strong $ wil also hav an impact on commodities price....... Commodity price will Kool down wen $ becomez stronger......... dis is the equation which is looming large all across d countries nd financial markets r facing dis paradox every day...... In short, global conditions r quite gloomy nd unpredictable....... d fear of rising interest rate back home is also keeping the bulls away........
Cuming bak to our markets we may hav had made a short term intermediate bottom nd Nifty is movin widin a downward trend channel whose upper end is at 4600......... Bears r more active now nd every upward move is met wid selling nd new shorts being developed in d system........ Gng forward if we get gud global cues in a row we may see sum rally in beaten down sectors lyk Bank, Realty, Infrastructure nd Capital Goods.......
Lets see hw thngs shape up in cuming weeks........ We may have some wild swing swingsss.........
And its better to stay away frm dis choppiness nd wait fr another opportunity to go long nd hold our positions long enough to make better profits.......REGARDS
NJ
