Alert-Market may crash anytime......!

As explained in last blog all pullbacks are being used to exit longs by smart money.
All said and done political situation in India is not helping anyway.
American markets seem to be stabilised at around 13100 due to steroid injected in system by fed and govt.
But how long will it last?
American economy is most likely to go towards recession which is not great news for world.
India markets may see sell off in near term kissing target of nifty 3900-3700.
However with more negative news coming in next month even 3550 is not ruled out.
This market remains sell on rise market till it closes above 4395 for short term.
It will be prudent to book profit even in cash market and keep cash in hand for panics to come in coming weeks.

Sharp upmove expected next week...!

As warned in earlier blogs there was massive sell of in last two weeks wiping of 2000 points sensex in toto.
The sub prime issue is more serious than it seems like (warned about the same in last blog).It seems that it will get even more serious in coming days which can be seen from cosmetic acts of various governments to inject money and rate cuts.
Even India seem to be prevented from massive sell off due to LIC,DI(forced by govt!).
But fresh credit injection will maximum lead to sharp up move for 3-4 days due to short covering and may be some bottom fishing.
But its now clear that all the markets including India will see one more sell off if not more in very short term.
Advice will be stay cautious for short term traders if praying does not work:)
Long term investors got ideal time to buy blue chips now.
Maximum pullback expected will be around 4240-4300 NF.
Fresh longs should be avoided till next week.

Good month for Long term Investors.....rest can run way!

As warned in last blog the market still sell on rise market .
The world market are going down on sub prime concern and rather than thinking on lines that central banks are lending money so it might get better...there is real chance that this may be tip of iceberg.
It wont be surprising to see another 10-15% correction world wide due to credit crunch and India even though with good growth rate remains susceptible for the same.
This may give real chance for bear market for short time till real domestic people pitch in the market.
The nifty downside target remains 4245-4150-4100-3900 in worst case.
However i don't see this picture for long time in India.As India has got domestic story which is intact.
So the nifty target for 2007 on upside remains 5100 once nifty closes above 4610.
Long term people can keep there cash bag ready for investment.
Short term trader can pray and play!

Nifty may touch 4455 near term

Nifty made bottom of around 4245 in futures and around 14800 in sensex.
This was expected level for correction in this cycle though 4156 still possible.
But as world markets are oversold and Indian market as well nifty may see pull back up to 4455 in near term.
Use pull backs to exit long positions and book profits.
However if nifty closes above 4610 then 5100 is possible in short to medium term.

Indian markets get infection from Dow....

As expected it started with unexpected hammering on one day with 150 points nifty.
Interestingly fii are using global weakness to get fair value for blue chips in India.They will short nifty and stock futures on every rise knowing Dow will be weak for next 4-6 weeks due to sub prime rate concern.
For fno trader nothing much to play for as there are gap downs and gap up.But best will be buy on dips so that as trader u can book in pullbacks.Nifty may touch 4150 in worst case but fresh bull run is halted till nifty closes above 4610 in close.
Its great market for stbt and btst in nf.Play the game.