Hi Friends
A 50bps rate cut has not been able to encourage the investors to feel comfortable in the markets and DOW was down 37 points down 166 points from the days high.
I seriously beleive that this is the time to stay out of the markets and maximum in cash (by cash i mean.. cash in your bank accounts :-) )
Today we have the settlement, the FNO Expiry, and we can witness a lacklustre opening with a negative bias. Let us just wait for NIFTY to cross 5320 and trade above that before entering into any long positions.
As per my sources, 2-3 BIG FUNDS from USA are slated to start entering the Indian Markets from the second week of Feb. Till then we can see choppy trading.
Happy Investing
Investomaniac
JAIDADIKI
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment