Classic example of Media hype:-
Today’s ET headline: - “Market
Mourn as Fed Looks to Withdraw Stimulus Measures”
However those who would be affected most are nonstop pumping money in
our economy and environment back home is created as if everyone should become
seller in market or at-least should not think of fresh investments:
How-ever actual scenario is that market is gone in oversold region(courtesy
BEARS) & since investment support has weakened on account of advance tax
outflow as well as yearend financial adjustment in Balance-Sheet, it has weakened buying support resulting
weakening (correction ) of indices.
We expect the recovery to start
definitely at 5700 NIFTY if not at 5800 levels which is currently trading
around 5844 levels – this on account of –
The slide on account of cutting
losses by Short term buyers who bought around NIFTY-6000 or + LEVELS &
squaring of Oversold position by buying again into market at relatively lower
levels to profit from same post Budget.
Generous Call: Its high time going forward to replace your Bank Fixed Deposit with Pure Debt Funds which is relative safe & delivering better Post Tax returns with instant liquidity features for investment tenure of six months onwards....
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