Monday, May 18, 2009

2 CIRCUITS

Markets did the unthinkable, 2 circuits in a day on such low turnover...My heart goes out for people who are short & just could not get a chance to move out..Well tomorrow again could be very chaotic as this huge rise will get MARGIN CALLS for the participants and brokerages tonite..& also short covering in case markets are able to trade and are not in circuit will pull the markets upwards more...Momemtun/shortcovering will define the levels..enjoy the day ..cheers..

CIRCUIT OPENING

Markets will be on circuit on opening as suggested by SGX nifty,..This is not a day for technicals and fundamentals but a Event based day, Enjoy the day & do keep booking ( always good to carry home profits & also clear old stocks stuck from last year..), Cheers..