Hi Friends
AS EXPECTED the markets finally Falled, and created a mayhem in dalal street. READ MY ARTICLE ON 28th Dec 2007 from then I HAVE BEEN CAUTIONING ALL TO REMAIN 75-80% IN CASH TILL THE BUDGET..
According to me the fall is not over yet and we could retest todays lows once again, however the markets looks goood for one week from thursday so people can start buying from wednesday (late hours). The next two days can be highly voltile and we might also stage a pull back rally.. but do remember history says that pull back rallies are never there for long. I am expecting some weakness to continue for tuesday and wednesday.. and it looks good for a weak after that. But till the budget i will advice all the short term investors to stay away..
LOOK AT OUR NIFTY 6150 PUT call... call given @ 125.. it made a high of 850. from 125 to 850.. YOOOOO
Book out the NIFTY PUTS if anybody is still holding it.
Thats the reason I repeatedly asked all to BUY in very small quantity (the delivery stocks are all intact... just dont average out now.. we can buy some qty from wednesday for short term--- BNK capital, Kohinoor Broadcasting, Madhav Marbles and CESC..Also compact Disc)....
I got so many messages and emails from my friends thanking me for making them EXIT the long positions.. and I am so happy that i saved so many from being butchered.
Hope all the boarders here paid heed to my advice.. and should have been sitting happily today when most of the investors almost got were horrified.
Happy Investing
Investomaniac
JAIDADIKI
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