Good Monsoon.. Bad Inflation.. Rangebound market

But accumulate Banks.. ( Bank of Baroda specially )

Opposite Sentiments Won

As i said in my previous post . . opposite sentiments win, or think opposite - thats what happened yet again.
Some gr8 person has said regarding stock market: -

When others are playing safe - take chance
When others are taking chance - play safe

Yet. As i said, it will be a bounce back soon, & an opportunity for those who still has some money to invest...... They will yet again earn 30-40% within one month

uff .. Now > markets look UP from here ( BUT FOR OPPOSITE SENTIMENTS - WAIT )

As we say that when ever we say that market is going to recover, it falls.. & vice versa. So, This time too, markets have reached its 2nd support level & from here it should move UP, But don't be sure till it closes above 5000 & crosses 5250 stronglY.
:
& What do we keep saying ? To think opposite ? Oops, so stay away from mkts BUT keep looking at it for above 5000 - 5250. And be stock specific for short term profit.

Sorry, due to some very busy schedule I am not available online on yahoo(ashithakur@yahoo.co.in), but leaving offline messages & mails too will get a prompt reply.
Happy trading





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money earned this month .....

MRPL recommended on 11th April @ 85 touched - 105
RPL @ 175 touched - 207
Satyam ( IT stocks ) @ 425 touched - 499
Wipro @ 402 touched - 492

GTL infra recommended on 28th April @ 46.5 touched 54.70
UNITEC @ 290 touched 325

etc etc...
, now , for next week - wait till Monday morning.!!. nifty has touched its 1st resistance, breaking above 40-50 points & sustaining there is very important.. otherwise, the range of Nifty is yet to break open & it is still moving in the same zone.

Inflation ?? What next !

UPA govt. is going to use Growth to decrease INFLATION today ( 29th May 2008 )..
.
So, expect nothing more from market for this quarter but book profit / loss and sit on cash till the market settle after this decrease in liquidity.
'
>> Instead of taking strong steps on some of the specific sectors, government is trying the easiest of all methods to curb inflation - reduce liquidity..
<< Better, wait & watch this drama for free.

But for stocks specific like - GTL Infra, UNITEC, Reliance petrolium... growth continues

range bound - but good

Nifty is slowly making its base & once annual results of blue chip cos starts coming, it will move up..
still, i bet on RPL, MRPL & IT stocks... see how they moved up !!
better - the market is best for day traders & F & O market.
Investors be cautious..
Traders keep earning.

for day tips.. 10-11 am.. ashithakur@yahoo.co.in ( yahoo messanger )



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