today
Written by bhushan on September 29th, 2008 in Business, Investment.
WAITING FOR THE………….
……………LIGHT AT THE END OF THE TUNNEL
WHEN EVERYTHING LOOKS GLOOMY AND DARK, FEARFUL & FRIGHTENING, DESPAIR & ANXIETY GRIP YOU, WHAT SHOULD YOU DO? WAIT FOR THE MORNING:)
SOME PEOPLE WHO ARE MORE BRAVE WOULD LIKE TO VENTURE OUT AND FACE THE FEAR HEAD ON, WHILE MOST WOULD PREFER TO CLOSE EYES AND PRETEND TO SLEEP.
MARKETS & MARKETMEN ARE UNDERGOING THE ABOVE SITUATION IN BROAD DAYLIGHT.
QUICKGAINERS WOULD DO WELL TO STAY OUT OF FRESH INVESTMENTS & KEEP YOUR CASH CLOSE TO YOUR CHEST. TRADERS MAY TRADE LIGHT AND STRIKE WHEN OPPORTUNITIES ARE THROWN TO YOU.
U.S. BAILOUT PACKAGE & NUKE DEAL CLEARANCE ARE EVENTS THAT COULD HAVE PROVIDED TRIGGER. BUT, WILL NOT HOLD MUCH STRENGTH IN FACE OF STRONG SELLING PRESSURE AT HIGHER LEVELS. ONE COULD EVEN TERM IT AS LACK OF BUYING MOMENTUM. AND LAST WEEK, SENSEX HAS CLOSED AT IT’S LOWEST SINCE APRIL 2007, NOT A VERY GOOD SIGNAL.
TODAY, SENSEX FACES RESISTANCES AT 13210, 13360 & 13430. SUPPORTS OR RATHER DOWNSIDE LEVELS ARE 12935, 12775 & 12350.
