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For traders and short term players

From : Arpit Jain at 11:17 PM - Jun 15, 2010 ( )

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Only for traders and short term players

Now things have been changed a little bit.. again some uncertainty clouds are surrounded to the market.. although we have rolled and passed to 5200 convincingly.. but i still fear and see the levels of 4800 or may be lower this time levels again on nifty.. Market may remain this way for some time on 5200 to 5300 but is not wise to play for only 100 points.  its better to wait for 100 point rally and then short the market... some indicators are suggesting market may be coming down quite significantly this time and i see after 2-3-4 trading days.. i will give sharp decline support will come and 5200, 5150 5100 4900... better to start squaring off ur position and wait for correction and sit on cash.. i am quite sure market will give good opportunity to jump in.. i know i have suggested i have advised 1 week back some longs formation.. but that we have already passed and we are already on those levels.. I don’t think so there will be much upside form here.. lot of reason on that... disinvestment.. it will sock the 10000 cr in the next some month as for many companies govt looking for tht.. if you remember the time Reliance power IPO .. its been while.. at that point of time there were many another factors as well but.. this time round i don’t think there will be that much liquidity in the system...one more thing many world market will be taking out their bail out money form the system.. i quite sure Indian market still be good bet but we cant deny the fact we are decoupled with the world. so after this week i see market turning again in to some kind of sell of and this time will be bit panic sell off this is the 3rd time nifty try to cross the 5300 may be last leg of rally.. so hope you guys will make right decision and will repeat the mistake we often do to let FII make most of it.. time to take some break and just keep watching.. it might be quite likely u may see sharp movement in the stock prices but do nto carried away and if you are playing don’t play with more then 2-3 days.. keep clearing of ur positions.. anyways happy investing..

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