Negativity Outweighs Positivity

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Dear Investor,

Risk aversion has been the theme for quite some time. People are trying to be momentum traders. Check out the world market situation at http://sites.google.com/site/stockmarkettrend/country-etf-daily Almost all countries stock market are trying to come down. The idea of free money is evaporating from the marketplace. After end of treasury bond purchase program from US FEDs, its going to be tough to find free money in this world. You already know what RBI is up to. It is toughening money supply to control inflation. Overall there is risk aversion. Institutional investors are moving more to cash to buy bargains soon to arrive.

Above chart shows market is flirting with its support line. NIFTY has wall of rocks at 5300. It has not closed below it since April 2010. In April 2010 it was briefly below this support line. All charts of NIFTY components are weak. There is a message for us to be more cautious now. Not to put all your money into market. This market is going to be like this for some time to come.

Some bottom forming visible in above weekly chart but not really exciting opportunity.

Thanks
Anil
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NIFTY back to support line

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Dear Investor,

I am sure you missed me for some time. I was very busy in my personal life taking care of few more important things. Well, the market has reversed very quickly after my few recommendations. I hope you went in only with 1/4 of your money. This is a precise reason I always advocate buy only one fourth of your position and then wait for it to rise. After we get excited markets falls and when are fearful market goes back up again. Market is quickly returned back to support level.

There us possibility of quick bounce from here. The days are gone where you could buy anything and it will double for you. It will not be that situation anymore. You have to be selective in what you buy and go in with slow steps. If you want to try something that could give you some return then United Phosphorous has good looking chart and good buying support.

I do not believe that this market will come crushing down. It will have bumpy ride for sure.

Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.

Submit your feedback