mkt ahead...

i had not only given 5400 as short to medium term tgt but also given in what fashion nifty will move and come back down to 5100 etc. not only that i had cautioned on 12th and 13th april 2010 regarding tsl for profit booking for these positions and given 5230 cl sl for those who did not book their positions. after which i had said a bounce will occur and 5187 will hold for near term, and nifty did exactly that and went upto 5350 giving a very good exit to those people who did not book their stocks/nifty short to medium term positions earlier(20th april 2010).

it was said mkt had entered in a bearish zone for short to medium term but deep cut may be utilised for buying by medium to long term investment perspective.

yday nifty came down to below 5150. right now even 5100 looks like not holding and nifty may slide to deeper lvls on account of deep cut in dow and global mkts. when the right time to cover shorts or take cash buying will come we will know, for which we have to closely monitor the mkt in coming days.

here onwards, i am thinking of closing blog or restrict the entry due to weak and disapponting response from readers despite giving very useful views on indian stock market, global stock markets and commodities like copper, gold and crude oil as well as currency oulook, and other info at no cost and even keeping the blog ad free all these years.