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Yesterday US markets were closed in consolidation mood with positive bias. With Asian markets open with positive bias, Europe will also open positive as London future is up 20 points at 8 am.
After a near lackluster first trading day on Monday, Tuesday’s trade was a different ball-game altogether. 1-2% gains across the Asian indices, which opened yesterday and later supported by similar gains across European markets, ensured that the Indian market not only open gap-up but also build on the strength.
MARKET OUTLOOK PREDICTION FOR 2012
Yesterday was the perfect display of true color expiry day of stock market.
THURSDAY BLAST: BUY SAREGAMA FOR A TARGET OF 69
WEDNESDAY BLAST
JAYSHREE TEA
CMP 86 STOP 84
TARGET 92
WANT MORE IN LIFE ?
As predicted earlier with no global cues the Smart money is in the full control of the market. So action has shifted from Nifty to stocks. Yesterday nifty volume was very low, but a large number of bitten down stocks were on upper circuit, this trend will continue till Friday.
The market today proved one thing with no global cues the Smart money is in the full control of the market. The future and option data suggest that the market is headed towards 4850-4900 as huge positions were created for that.
Yesterday was the perfect display of true color of stock market. When there is gloom doom and doom in the year, be prepared for a bear trap.
MONDAY BLAST
BUY
SAREGAMA CMP 59 STOP 57 TARGET 68
CATCH IT IF YOU CAN !
In spite of Fitch downgrade of major US and European banks, US and European markets closed up. Today Asian markets opened mild positive. Back home there is a huge pending rally based on Short covering as the market is in huge oversold zone.
My dear investors we have four seasoned economist at the helm of affairs of our nation. Dr Manmohan Singh, Montek Singh, C Rangarajan and D subbarao. Yet they are unable to:
1. Control inflation
2. Control the rupee downfall
3. Control the damage to GDP growth.
Yesterday was the perfect display of true color of stock market. Nobody can explain why European and US markets rallied on Friday and sold off on Monday.