Calm before the storm

Market is so boring today. Methinks it is the calm before the storm!

Are the storm winds approaching from North or South?

........

Regards
Sanjay

approaching from ??????

Approaching to ???????

all the best..

ganeshhity

Probably from North to South!
Why am I not surprised by todays fall??

MANOJ

Ha ha ha..

So be ready to book profits now...

but maybe, this journey could lead the other way too.....
This weak is again improtant on tech analyis....

but i think yes, u're rite...the jorney this time would be from north to south.

ganeshhity

Any analysis/idea/forecats, in which category this storm falls into, hope its not a Category 1 storm!!!

He he
By 'Category 1 Storm' if you mean the May-Like Hurricane then NO I don't think its that kind.
For tomorrow the markets may remain sideways...
unless ofcourse some wise media charmer wakes up from his sleep

Lets keep an eye on MCDOWELL tomorrow.

MANOJ

Its not Katrina by any means. Its just a strom in a teacup! Tomorrow and Friday are likely to be correction days and as Czar has said, the major support for Nifty is 3200. I don't think it will test this. The intermediate supports before this level are 3268 and 3225. And the downward breakout must be a decisive move below 3310. I feel that this is the time to tighten stop losses, lock up emotions, and wait and watch. Next week may see the upward push after this pullback.
Regards
Kuldeep

The only thing i notice here is that a lot of buying has been done in last 10 trading sessions..the most traded stocks are 8-10% high...A slight down, and profit booking will take place....

all the best...

keep hard on your emotions..have a strict stop loss..

ganeshhity

Here's a message from my RM:
"RIL THERE ARE STRONG RUMOURS THAT THERE WILL BE AN ANNOUNCEMENT SOON ABOUT A GAS DISCOVERY"

When was the last time we saw reliance closing 5% UP?

Regards