5 days of rally in Indian stock market recommendation and again a crash. One day gap up opening next day just mirror reflection of it (Gap down). All points gained by nifty whipping out. Investors was thinking that they should reenter in the market and can take long positions but just see what happened. These kind of movement are called traps. Still we are expecting more short covering to come in 2-3 days.

But do remember overall market mood is bearish throughout the year. So invest money but for short term not for medium to long term. You will get much better opportunities to do so at more lower levels.

Thanks

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ShareTipsInfo Team

Today i.e 11th July’08 now as theInflation data (11.89%) has come and consequently we had seen from the last few weeks it is going on increasing week by week so the strategy now to adopt is to avoid long positions and do Intraday Trading that too with the strict stoploss as this data also plays an important part in giving the direction the market as Indian Stock Market depends on various factors one of which is Rate of Inflation.

Also

Important Support Levels for NIFTY are 4130-4080. Consolidation on thses levels will show some bounce in the Market.

Investors had an opportunity during these situations where Investing in undervalued stocks would be beneficial.

Best Buy Sectors

1.Infra
2.Health Care

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KnowYourProfit

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