Do not try to console yourself that the bear market or the worst is over. Last week we saw a strong pullback rally for over 1300 points in BSE Sensex and NSE closed over 3% at 2973. For the record, Reality was the biggest gainer of 18% week over week. The stock markets big question now is that will it be able sustain this rally?
For now do not plan to go long as there is lot of uncertainity and we could see huge volatility.
Due to the slowdown in the economies of the world, the growth in the exports from India has been slowed down. GDP of all advanced economies like US, UK, France, Japan and Germany are declining. All across the world, job cuts are the latest updates. World is going through severe recession.
Last week public banks reduced lending rate. This week, we expect the private banks to follow the trend. Oil Minister could surprise us with the Fuel rate cut due to Re appreciation of around 5% against US $(Rs 47.50) and fall in the global crude oil rate of around $60 per barrel. IIP numbers next week would suggest the next trend in the Indian Stock Market.
Inflation numbers last week for a change climbed upto 10.72% from 10.68%
Stock Market is highly volatile and would continue to be in the next week.
Happy Trading!
http://www.vjondalalstreet.com
Bus Naam hi kaafi hain…
To subscribe [email protected]
You can also join thegroup with your mobile phone and get updates through sms. To subscribe SMS JOINVJonDalalStreet to 567673434
Disclaimer
All information provided is forinformational purposes only, not intended for trading purposes or advice. Priorto execution of any trade, you are advised to consult your financial advisor toverify the accuracy of all information. We are not liable for any informationalerrors, incompleteness, delays, or for any actions based on informationcontained herein.
Posts
0 comments:
Post a Comment