Tuesday, September 16, 2008

INDIAN DELIGHT

Despite all weak cues from world financial markets, the indian surprise in adverse situation again came along to maybe surprise many ( specially short guys) . Market took support at 3920 which i had been saying as WATCHOUT ZONE and turned from there after consolidating for some time..short covering was visible as index stocks lead by RIL /SBI/ABAN etc started rallying..even the mid/small started dancing in the last hr..NTPC/SAIL /BOI/BOB etc gave the usual support..intraday charts are showing a turn and markets made a top which is tad lower than yesterdays high..seeing the open to close which is higher today ,we can expect bullish opening, & FEDS announcements WILL BE EAGERLY AWAITED by ALL..Always remember deep lows are made when some big mishaps happen.thats when you get great values in stocks too......any one listening?????i have not written no bottom fishing last 2 days and its traders paradise again today..BRAVEHEARTS THOU SHALL WIN ALWAYS...cheers.

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