Market Conclusion: Today 19th May the blockbuster quarterly results of L&T and ASHOK LEYLAND kept the dull market alive. but, as per the characteristic of Nifty since last month, the Down Trend of the market is still very much on and undiminished. next week, the decision of central govt. regarding the price of Diesel Oil (Increment of price is almost on the card) will decide the market fate for coming days. In a nutshell, hope for the best & prepare for the worst. there is nothing to be worried, as till June end/July 2011, Market will always bounce back from the lower most panic level supports and will give you chances to make money by means of intraday especially in case of positive news, But the positive trend is not likely to sustain for long time. So, don’t expect much from this type of market and just continue, the process of buying in lowermost supports and selling on rise.
Friday, May 20, 2011
NIFTY 20TH MAY 2011
Market Conclusion: Today 19th May the blockbuster quarterly results of L&T and ASHOK LEYLAND kept the dull market alive. but, as per the characteristic of Nifty since last month, the Down Trend of the market is still very much on and undiminished. next week, the decision of central govt. regarding the price of Diesel Oil (Increment of price is almost on the card) will decide the market fate for coming days. In a nutshell, hope for the best & prepare for the worst. there is nothing to be worried, as till June end/July 2011, Market will always bounce back from the lower most panic level supports and will give you chances to make money by means of intraday especially in case of positive news, But the positive trend is not likely to sustain for long time. So, don’t expect much from this type of market and just continue, the process of buying in lowermost supports and selling on rise.
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