Friday, May 21, 2010

MAYHEM DAY

Markets globally are in the final frenzy which should take some support at 4800-4830 zone failing which the cut could be deeper..Delivery selling by FII's is never a good sign and DII's seem to be keeping their hands off the BUY. Markets are reaching their quaterly supports..Wait for this frenzy to stop or partially dip into your favourite stocks in such panics(have always advised to wait for such dips, rather than buy into a runaway market)Markets have to cross back over 4901 quickly for any semblance to return..enjoy the day & the weekend...cheers