What a Drama done by NIFTY :-)

Wish you all a Very Happy Diwali.

Stock trading is the toughest business to be in. one need to have lot of patience and consistency other than intense study. Market is going mad. It goes down like waterfall and runs up like rocket. Why it fell like waterfall ??? Why it went up like rocket ??? I REALLY REALLY DON'T KNOW :-( please tell me if you know. I am tired of finding out why market goes up a day and starts falling the very next day with out any reasons. But when i ask anyone why did it rise or fall , i am sure that he/she will have answer. And I always get the answer but always different answer from everybody and i get more confused :-( 

Now talking seriously about the current market condition, it is difficult that we would be able to get into positive trends. The companies are under immense pressure to perform, there are expected job cuts in market which could bring people more into saving mode than spending mode. Lesser demand will bring the  companies under more pressure. Commodity market is also under bear mode, too add more to it, the rupee is weakening more and more. To some of my friends when i say that $ would touch 70+ w.r.t Rs in a year or so they say Vipin your are mad. Every one says 50 is the high and it won't go beyond. I don't know if I would be 100 % correct but I think because of the $ being so valued entity and every country is invested in $ in is some or the other way for Oil trading or for hedging or for imports/exports anything, it is in some way or other connected to $ investment. Now because of very bad credit crises every body wants to liquidate their investment in $ and thus every body is buying the $. This is the reason I think for $ rocketing to sky in spite of the facts that there are credit crises going on globally. $ is getting stronger against each and every currency. I feel that $ and U.S. market both will rise from here on.

coming to Indian market now particularly NIFTY the target of Fibonacci 61.8% levels (2428.4) was achieved very easily and we went far below that and covered back quickly. Rapid movements in NIFTY caught people on both sides. few smart one as always earned on both ways as well. The next NIFTY levels which is unpredictable for me. My view is we will keep jumping up and down for quite some time now. Don't be over leveraged and be in safe and long term good quality stocks only. Here are my suggestion for few long term stocks(click here).

"Infinite money is available to a mind that is ready, willing, able, qualified and gives itself permission to earn and accept it."--Mark Victor Hansen