Home > NIFTY Strategy > Mayhem in Global Markets!

Mayhem in Global Markets!

Friday, August 10, 2007 Leave a comment Go to comments

Today might be a difficult day for Indian markets. The Dow index in the US was down 387 points. Nervousness seems to have gripped the global financial markets and most of the participants are getting confused.

NIFTY and sensex might open down with a gap and the fall might not stop there. People who bought yesterday and did not cut their long positions yesterday might do so late in the afternoon . This might result in an accentuated fall.

In my opinion,the only strategy that might feel might work is to go short at the open and if markets drift down too much, cover them. NIFTY might easily see 4200-4250 levels. 4300-4330 region might provide some support.

Better to be in atleast 50-60% cash during these times.

Categories: NIFTY Strategy
  1. sagecapital
    Sunday, August 12, 2007 at 1:29 pm

    Shyam-Thanks for the information.

  2. Shyam
    Sunday, August 12, 2007 at 9:54 am

    According to my knowledge BTST means buy today and sell tomorrow to make profit (minus brokerage).
    And if you think the stock is in up trend, again try to enter at lower levels and sell tomorrow
    (i.e. day after) This goes on and on.
    This is some what similar to day-trading,
    but you sometimes may not be able to catch it on lower levels. Hence it is better to ride the “TREND”
    with trailing stoploss.

  3. Divakar
    Friday, August 10, 2007 at 1:39 pm

    Thanks for your great advice on GTL infra .I may caught in the wrong foot , if i failed to contact you in time .thanks a lot.


  4. sagecapital
    Friday, August 10, 2007 at 11:52 am

    I don’t know about this BTST business.What exactly does it mean? Is it buy today-sell today/tomorrow-something like that?
    If you bought yesterday and sold today, the transaction is complete. Why do you need to buy again today?

  5. sagecapital
    Friday, August 10, 2007 at 11:48 am

    Divakar-there are better bets in the market than GTL. It is an operator driven stock. I might be biased coz I had lost tons of money on GTL and HFCL during 1999-2000 🙂

  6. sagecapital
    Friday, August 10, 2007 at 11:46 am

    Well said purple! MOST important is to STICK to your strategy and perspective. If you keep your head clear, you will come out nicely out of this chaos!

  7. Satish
    Friday, August 10, 2007 at 11:18 am

    Hi Sage,

    I have a question regarding BTST. I bought 25 shares of asian paints yesterday, and sold them today using BTST today at the same price. The order has been executed. Is it necessary to buy an equal amount of shares again today ?

    Please advice. I have always traded long, so I don’t know much about BTST.


  8. Divakar
    Friday, August 10, 2007 at 10:49 am

    Dear sir,

    Can you give some idea about GTL infra.Is it a multi bagger kind of thing.please drop a line.


  9. purple
    Friday, August 10, 2007 at 10:41 am

    I’m a long term player and I only do shopping during these times. It’s like big SALE going on everywhere. Over a period of time it has worked pretty nicely for me. So I would advise others not to get panicked, but to pick the scripts of your choice, but all this assuming your investment horizon is 3-5 years.

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