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May Series is looking like the worst series for the traders as well as investors.. the market will surely fall to further levels.. it will be better to cut the long positions as market bounces.. but overalll market is very bearish.. nifty to fall till 4150 and sensex to 13000.. ruppee will fall till 56-57.
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What is frustrating us that indices are unable to move up.If I remember correctly,No farmer suicide reported in this govt.regime.NREGA launched by the govt is a good program which provided
100 days wages to rural area.Govt can not be blamed for excess leveraged balance sheets of greedy corporates.It is true that scam developed cold feet in govt.History suggests govt owning comfortable majority never push reform unless economic condition reaches at its nadir.For FII, accept India with its shortcoming is message.They are here because they are earning in someway or others not for obliging us....
dear current market scenario is like patient on ventilator. everything was and is in the hand of govt. since 8 YEARS the fall has happened. it is a scam govt and in their last year of term. think of poor people, inflation in double digit, corruption at top of the list, austerity and affluency, petrol and diesel prices and worst affected rising prices of daily needs, doubled in their rule term and to blame is on the heads of coliation govt. This is my SHINING INDIA....
It actually shows on how immature the Indian market can be and is driven purely by FII. Remember Mr. Chidambaram announcing banning the P-Notes in Oct 2007, and marking reacted by a negative circuit?...
market is not at all connected to real life economy. after 2008 nothing positive has happened to raise the market but it still crossed 6000...
There are some people who eat and sleep only NSE/BSE indices. Nothing else is important for them. It is often forgotten that market fluctuates daily inumerable times but the state of nation or companies or the world does not fluctuate that much daily....
There are chances of big sell off if a situation of default in settlement happens. Despite this risk, FII inflow may atleast help the indices maintain their levels, if not increase, if the rupee touches 56...
the market is really poised for a massive sell-off in the month of JULY-AUGUST-SEPT ..as the CITY says the govt appears to be delighting in scoring self-goals,what it seems now is,this govt will score some more self-goals before waking up. but that will be too late for macro economic scenario to be back in shape....
I think if Nymex crude falls below 85 that massive sell off will never come and India growth story will be revived.
Coupled with that if rupee remains above 51 our exports will pickup and wasteful imports will fall. RBI should avoid intervention in the market unless rupee fall below 57....
