Market Review

Hi friends
The markets are not taking any global cues at the moment and are standing on their own. Amidst very high volatility the markets finally closed almost flat (Sensex down 3.55 points and Nifty down 15 points). There is profit booking at higher levels and buying is witnessed at lower levels. Traders are being trapped from both sides because stop loss is being hit for both the longs and the shorts due to higher volatility. As we have already adviced caution to all the boarders from the past 10 days now and would like them to do the same for the remainder of the week. We are totally bearish in the markets and we continue to back our stand of staying away from the time being. The markets are mainly run by the Relaince Pack-- ADAG vs Mukesh, market is enjoying at the moment but my view is that its not going to sustain for long and any bad news from political front and the longs will be butchered.

Happy Investing
Investomaniac
JAIDADIKI