Again proved to be correct

Panama Business and Investment

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Predicting a uncertain market is not a easy task. But when everybody predicted a steep fall, Investchips predicted a volatile week that may see the Nifty above 4800 which is 100% correct.

Even though US market was considerably down on Friday, Indian market is expected to stay above 4800 in the coming week. Initial panic selloff may be used to accumulate Nifty calls and current month futures. In the banking space, I prefer ING Vysya. Risky long term investors (3 years horizon) may buy Suzlon ( expected to move down another 15%) in sharp dips. –  On 02.11.2009, 9 PM


Yesterday I indicated that market may again enter into 4800 zone within a week. But it would take some more time. As volatility increases, trading and prediction would be very difficult. Stop-loss and profit booking @ every resistance level would alone keep us alive in this uncertain times.   - On 03.11.2009, 9PM

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