Tuesday, April 3, 2007
A VIEW..........ON MARKET ...
Thus I dont care about the frundamentals much. You cann't put your legs in two boats. Either U have to think fundamentally or technically in stock market. I have seen people mix them and became confused. For longer term one can think about fundamentals. But for shorter time frame no way but u have to opt for TA.Hence I dont mind about CRR hikes. I think market already discounted it. Somebody may argue about the downside of Banking stocks, But I am watching divergence in most of the banking stocks, hence down side is limited i think.Nifty down side will be an opportunity to cover your shorts & buy till the market is holding 3690. (SL-3690).If the nifty holds the 3690 & 3550 I think it will retest 4000+ by this month I may or may not be correct, only time will tell.
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