Dear novice1000,
Do not take me wrong. The way FIIs are taking MONEY out, if Indian stock markets collapsed to 6k or 8k, that would be better for those LT investors as everything will be available for CHEAP! :) :)
Jokes apart, I did some study of various items. :)
I have come to following BS conclusions:
In my BS opinion, DOW has underlying BULLish sentiments! DOW will be maintained in that narrow range of 11000 to 12000 using the MONEY taken from the WORLD market.
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Dow is showing BULLish current underneath!
15 Jul, Aug 11, Sep 5... 4th point to go above Aug 11 unless DOW goes below 10700.. in MT !
Do not chase stock at the moment! Let the dust settles! :)
FIIs like Lehman will continue to SELL! Wait for the price to come to your risk reward ratio kind of level! :)
Be highly Stock Specific! I have not still got those SAIL and TATASTEEL at my desired level! :((
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Nifty is just stuck between that low and high values as mentioned by lovemeall26.
I love the intelligence on the part of those smart US financial wizards! After creating havoc in the oil market, the way those BS FIIs are controlling the world market is by making FLIGHT of CAPITAL from other markets to US market and supporting the DOW!
As FIIs continue to SELL and it seems that FIIs will continue to SELL in nearby future in order to support their own market, smart investors or traders should wait for a direction on both side.
Let those FIIs complete their SELLing in order to take any DIRECTIONAL call! :)
Without any new money getting poured into Indian market by FIIs, this rally will not sustain in my BS opinion!
For time being, I am just WATCHing the GAME from sidelines for that critical BREAK OUT! :)
Gud luk & happy investing! :) |
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