YESTERDAY WE HAVE SEEN A SENSATIONAL MOVE IN THE FINANCIAL MARKETS, WHICH WAS BEYOND THE EXPECTATIONS OF ANYONE. YESTERDAY THOUGH MARKETS WERE UP BY ALMOST 17%, THERE WAS HARDLY ANY BUYING IN THE MARKET. ITS JUST 1/40 OF WHAT USALLY MARKET TRADES. I WOULD LIKE TO BRING FEW POINTS FOR YOUR INFORMATION WHICH ARE KEY IN TODAYS MARKETS
1. ACCORDING TO SOURCES THERE ARE STILL AROUND 1 CRORE OF NIFTY SHORTS LYING IN THE MARKET WHICH ARE YET TO BE COVERED.
2. ANOTHER IMPORTANT POINT IS MARGINS ARE GOING TO BE INCREASED TO ALMOST 100% IN TOP END FUTURES AS WELL.
3. FEW BROKER HOUSES ARE IN DEEP TROUBLE WHERE THERE ARE HEAVY SHORTS BUILTUP BY THEIR CLIENTS & RUNNING OUT OF BALANCES AND ARE REQUIRED TO COVER THEM UP IMMEDIATELY TO CUT FURTHER INCREASE IN THIER LOSSES WITH THIS MARKETS MAY TRIGGER FROM THAT CORNOR TOO SO FIRMS MAY TRY TO SELL IN THE MARKETS TO THE MAXIMUM. THESE ALL THINGS WILL ADD FUEL TO THE FIRE AND MARKETS MAY GO UP BEYOND IMAGINATION. ONE CANNOT RULE OUT THE FACTOR THAT MARKET MAY EVEN GO UP BY 10% TODAY. ONE HAS TO BE CAUTIOUS TO SHORT I WOULD ADVISE NOT TO GO SHORT IN ANY CASE. SENSEX MAY GO UP BY ATLEAST 16000.
BUY IFCI, RNRL, RPL, RELINFRA, UNITECH & LITL
