Well, in my last post I had written that markets going down is a happy scenario as it would present very good opportunity to buy, also I had written that the upmoves would be very sharp. . .well both the things happened, what did not happen was that the downtrend could never take off to present the investors with a buying opportunity. Hence this upmove was practically impossible to catch (according to me...). Now NIFTY is presenting a very interesting scenario, wherein the downtrend seems to have ended, and the upmove is about to begin. Now I think its very difficult to short, instead maybe its time to go long. . .but with a caveat, again being fearful of the sharp downmove. . .Hence this seems to be a little confusing time wherein no clear signal for a downmove is there and upmove looks more likely, however one would have to have some strict stoplosses. Well as a disclaimer, I have bought a couple of stocks GE Shipping and Cummins. Both these stocks I have bought from a fundamental perspective, since I think these stocks are quoting at very reasonable valuations and if the market holds then there is some good upmoves that can be expected. . .
Sunday, July 19, 2009
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Well, in my last post I had written that markets going down is a happy scenario as it would present very good opportunity to buy, also I h...
-
This was one stock that I picked up a couple of years back. At that time it was called Paradyne Infosystems. Now the company has changed i...
-
Nifty volatility has gone up with the sharp downmoves. The volatility was so high on Friday that it was a challenge to trade the Nifty and ...
-
This post shows how various indices have performed over the last 6 and 9 months. It is interesting to see that Realty sector is the worst ...
-
With the stock markets crashing and falling like 9 pins, some of the stocks have reached levels that are simply mouthwatering. Its a phase i...

0 comments:
Post a Comment