Nifty Tips
IMPORTANT
NOTES FOR INDIAN STOCK
TRADERS/INVESTORS
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On 19th march (Tuesday) Indian equity market got
severely hammered as traders/investors grew nervous on the political
drama enfolding in the Indian parliament today. As “DMK” pulled
out of the “UPA” alliance, the market shrugged off the “RBI’s” Repo rate cut by 25 bps. nifty (spot) slipped and shut shop in deep
red at 5745.95 on broad based selling.
From
the market behavior & also as per the technical (eod) chart,
though it looks like the Indian stocks market in a downswing &
the investors fears that the political crisis increases the risk of a
sovereign downgrade but it happened at a time when market was already
little bit under pressure and running short of confidence.
combination of both the events risk-off occurring on the global
market courtesy the Cyprus situation and the political fluid
situation in Indian both will create some nervousness in the market.
however, self believe that UPA govt will try their level best to
solve the situation (political logjam) as early as possible, which
can give confidence to the market.
in view of all above and
for the sake of safety, now we are going to trade very cautiously and
should wait patiently for the right situation to enter the market,
preferably in extreme dips and will come out Scot free with
reasonable profit till the condition improves significantly.
