Hi, It may be anothor 100 Nifty Points tumbling
Image via Wikipedia As expected market tumbled yesterday. Today also market replicate Yesterday's action with lesser force. Dow and Jones lost 500 points over night and all the Asian markets ( closed on Monday) opened very very weak. No savior is in sight. It seems, US Government doesn't have the strength to withstand the present Financial crisis. All the financial stocks lost 10% in US. Watch ICICI Bank which may be Indian Lehman Brothers ( I didn't mean they also file bankruptcy).
No one seems to be caring about positive news now a days.
Crude is trading less than $95
Most of the big Indian companies have paid higher Advance Tax than the previous year ( means higher Profit).
Yesterday I purchased ( Yes, really bought) shares (small lot) of some 15 companies for holding of more than 10 years. If today also market goes down more than 100 points, I would repeat the same.
If the Price of Reliance Industries stabilizes, then the whole Indian market would be less volatile.
Disclosure : I am holding Nifty Sep 4400 Calls
No one seems to be caring about positive news now a days.
Crude is trading less than $95
Most of the big Indian companies have paid higher Advance Tax than the previous year ( means higher Profit).
Yesterday I purchased ( Yes, really bought) shares (small lot) of some 15 companies for holding of more than 10 years. If today also market goes down more than 100 points, I would repeat the same.
If the Price of Reliance Industries stabilizes, then the whole Indian market would be less volatile.
Disclosure : I am holding Nifty Sep 4400 Calls
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