A PANIC MONDAY TO START, MARKET OUTLOOK AHEAD: WWW.ASHOKSHARMA.CO.CC
INTRADAY trading is becoming risky now a day as risk reward ratio is fast becoming adverse. Mid-cap and small cap are now become orphans as seasoned investors like RKJ is in panic mode.
There is not enough liquidity and momentum in the market. But all you have to do to make profit is to forget all conventional tools of market. These tools are not working in a market which changes color 3 times a day, painfully squeezing the small investor’s in the process.
In such a scenario how can a small investor earn safe and secure return on his hard earned money? Intraday trading is becoming more and more risky in the market changing colors three times a day without expert advice. Even experts are confused lot and scratching their head over developments coming thick and fast now-a-days.
WEAKNESS in global indices this morning will see our indices opening gap down and later volatile move. Market breadth for last few sessions turned negative with sectoral indices mirroring the same.
We continue to reiterate our earlier view, that technically, recent low of 4800, 4740 or 4700 will remain a key support in near term. On higher side 5000-5200 will remain crucial hurdle. On correction both short term averages will help markets for sustainability around lower levels. In any case breach of 5200 by NIFTY will need a fresh review.
This week will be the crucial day as bears are getting ready to take out 4700 with a bang, while our research team is burning midnight oil to find out money making hidden gems.
HAPPY INVESTING
hi