Anybody knows what is happening in the market?

Indian rupee collectionImage via Wikipedia
3600! Still counting.Where are those TV advisers who wanted us to "Average"  down the price? Now it is  clear that they are no experts. Not even our finance minster, SEBI Chairman and RBI Chief!!! They are  either busy with reversing previous policy measures or announcing Adhoc rate cuts. One day they wanted to bring down inflation and the very next week they wanted to increase the money supply. Surprising thing is that they still have learned audience, and the show is going on. Present market condition is due to delivery based selling of cash strapped FIIs and weak global cues. 
Fear dominates market. Every week, market is making  a new bottom which is a clear bearish sign. When FIIs are selling, no technical level would hold. Still some FII  are saidto be begging to offload their Reliance share for a 10% discount to market price. Rupee also making new lows everyday. It adds salt to the wounds of FII.Today market may open with some negative gap and then slowly started to move up. It may be short lived. As crude trade below $90,Global sell off may not last long. I advice investors to take exposure in Gold ( ETFs) @ about 10-20 % of their portfolio. You can invest as little as Rs.600 per unit (1 unit approx. equals to half a gram) in NSE.
I don't wish to do the futile exercise of predicting today's market range. 
Long live Indian Equity Investors. 

Reblog this post [with Zemanta]


Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website ( has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information.,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • never collects any personal information of visitors.