There are three types of traders in the market, one makes wonder happen, second see wonders happen and third one wonders what happened!
Stock Market people learn nothing and forget everything.!
The market is weird. Every time one guy sells, another one buys, and they both think they're smart.

Wednesday, April 28, 2010

Market Outlook for 29 April

Hi Friends,

In my previous post i mentioned that the market is waiting for sharp correction. That time many a person might have tought it a just a guess but hopefully now your seeing the correction.

That too a hefty intraday correction  in Nifty. Now everyone will think of sqr off their long positions.

If you remember the bad news which is coming now from the Greece came earlier also but due to bail out package it is and other reason market did not reacted to this much . But this time all world has started bleeding. Adding to this Goldman issue has put oil to the fire.


Bears are enjoying the show after a long time. Even you check the level at which i asked to short the Hero Honda. Nifty remain +ve for some days but Hero Honda gave -ve returns.

So the shorters on Hero Honda according to my call are enjoying the benefit. I will still ask them to sqr it off tomorrow and book the profit.
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The information provided is not to be considered as a recommendation to buy certain stocks and is provided solely as an information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. Here in this blog I am giving my views on the Market. No representation or implication is being made that using my blog will provide information that guarantees profits or ensures freedom from losses.