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Markets surge again

Tuesday, October 9, 2007 Leave a comment Go to comments

How wrong I was in saying that 5250 is an intermediate top! Now how does one explain the sudden upmove of today? I personally can not explain it. Infact, I cannot explain any of the moves 🙂

The volatility is not to my liking for positional trading. The risks are way too high.Only thing to do might be to ride the long term positions.

Looks the liquidity flow is way too strong. You do not see a 7.5% move in Reliance in a single day! Does this mean that someday we might have to put circuit breakers even on stocks like RIL?

Do not look for “explanations” for these moves. Lets just focus on riding the moves and managing our risks.

I am seeing a move by Indian markets towards imitating Shanghai markets. Trade at 30+ PEs with lots of volatility! Money flow can do strange things and trends are created as a result of these “money flows”.

5400-5500 looks again in sight. Much of it might be aided by short covering as many players might have gone short yesterday. Remember this is a high risk high reward game. I won’t be surprised to see even huge reversals. So enter at your own peril!

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  1. sagecapital
    Thursday, October 11, 2007 at 11:43 am

    Ashish- Thanks for what?
    And please DO NOT USE CAPITAL LETTERS in your comments.

  2. ashish ji
    Thursday, October 11, 2007 at 10:37 am

    THANKS YOU VERY MUCH !

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