Blue Season on Screen
Tuesday, September 9th, 2008At Last…After a Big Break Markets have recovered and started showing positive come back in Indian Equity Markets.
Markets have shown some move, even though some of the scripts have not moved as per the investors’ expectations. Past Month was full of great expectations but in fact stars were not in favor of the markets it seems that. Market recovered just a mark of 500.27 more points in sensex and added 1000 more points as High but that were eaten away by Bear.
This Month seems to be great as till 8th of September Sensex have closed above 531.98 Points with a high additional of 162.04 Points.
Is Markets are really good or bad?
Markets are good for a Short Term Trader and very good for a collector of Long Term. ST Traders can earn easily as these days markets have made some range and if you are tracking the markets then definitely be you will make some good bugs out of it and if you are Long Person then every good fall there must be an opportunity waiting for you.
Even if the markets are horse, but one shall one forget:
- Volatility in Crude Prices
- Instability in Inflation Figures
- Weakening Global Markets
- Affecting Industrial Figures
- Expected another Fall of 35% to 50% in Real Estate Market
- Worsening Present & Coming Results of the Companies
- Not Appealing Rain Figures
- And lastly don’t forget the coming elections, Who Knows what will happen?
More Importantly Don’t Miss the Important Level
Long Resistance Levels: 15384.97, 16824.76, 18255.93
Short Support Levels: 14865, 14800, 14690
As every coin has two sides, even markets have it.
For Investment advice, please email at invest@sufin.com
Sumit Jain
Money Grows with Sufin.