Categorie: IPO / Secondary Offering
Submitted 2 months ago by
Rajiv
, An Investor...
at Bank Of Baroda....migrating to USA
Friends,That is how market is!Did anyone expect that market will bounce back to normal after it went down for over 700 points?I would like to ask chartist and technicals analyst whether there was any respite seen yesterday on charts when market actually covered all the loss but ends in positive.......Is there any clue that charts is now showing..after making a double bottom at 12500!Was there any thing that pointed that we should recover all the loss ground and close in positive territory?And after seeing this..what does the charts fortell.....are we still to see the 9k levels......by Jan /Mar 09?Is there any significance when our market has made a double or triple bottom?But it is clear that1) It is not the fundamentals that is deteroitating but the sentiment is making the trouble.2) When Dow went down by over 400 points why our market is showing strenght?3)As I have written in comments, the short position created by Lehman Br is closed...is it that effect?4)All the previous correction or whatever happened.....was due to high levearaged position of traders in F&O and also in cash stocks while while borrowing finance from the Brokers....etc....5)The fundas are still in tact.....8% GDP is no mean less by any standard.6)That is the only reason I am still writing about bullish view....7)Crude is coming down , hence inflation will come down.....8)3 out 5 big banks has gone bankrupt and only two i...
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Submitted 2 months ago by
Rajiv
, An Investor...
at Bank Of Baroda....migrating to USA
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