Barrack Obama as the new US president also could not improve sentiments and the market got dragged to hit its nine week low. We have lost 149.90 points or 5.30% in Nifty to close at 2678.55 Sensex tumbled 649.24 points or 6.96% and closed at 8674.35.
Market today is in oversold state. Hence any good news from RBI meeting on 27th Jan, could lead to short covering and inch the indices a bit higher. However global sentiments are too low and the recent quarterly results both domestic and international have been severely disappointing.
FIIs were heavy sellers for about net 2600 Cr and the domestic institutions weren't doing much different. Inflation numbers jumped a bit higher to 5.60% from 5.24% of last week. Crude oil is now around $42 per barrel.
Next week will also not be different in terms of quarterly results both on domestic and international fronts. We have Futures & Options expiry on 29th Jan. Indian Stock Market would be highly volatile.
Be cautious in taking any long position.
Last but not the least, after serving you all with our free services for more than 3 years now, we are moving ahead to start the paid premium services soon. Feel free to share your feedback/queries on [email protected]
Happy Trading!
http://www.vjondala
Bus Naam hi kaafi hain…
To subscribe vjondalalstreet-
You can also join the group with your mobile phone and get updates through sms. To subscribe SMS JOIN VJonDalalStreet to 567678
Posts
0 comments:
Post a Comment