Markets are likely to go nowhere with both weekly and daily charts non-trending. Trading opportunities do not exist at the moment. Results season has proved it against the market sentiments. Bottom line has turned its direction southwards after holding strong for almost 2 years.
India Infoline results have shown low brokerage realizations in the cash segment. Options witnessing huge volume surpassing even futures segment. This is a real bad sign for any markets. Have people become more greedy? Might be so, when they find less opportunities in the stocks to invest for long term, they are still fishing out for fast bucks and are betting on options.
This is a sure fire way of inviting disaster. Weak hands at the market, the one's that are too greedy to make the fastest buck and in turn loose the fastest way possible have to get flushed out and the market now has provided a right opportunity for them.
HINUNILVR too has reported fall in bottom lines. So even if FMCG is not doing well, who is? There is sure to be some strong ones coming out after the lull in the market is over. Let's be alert to catch the next moves in the likes of TTKPRESTIG, PAGE INDUSTIRIES or a TITAN of the yesteryears.
Smart money has either exited long positions or is staying thin of commitments. Wait on the sidelines for the next best opportunity to enter, continues. It has always been the buy and hold that has made big money like what Mr. Jesse Livermore had said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”
India Infoline results have shown low brokerage realizations in the cash segment. Options witnessing huge volume surpassing even futures segment. This is a real bad sign for any markets. Have people become more greedy? Might be so, when they find less opportunities in the stocks to invest for long term, they are still fishing out for fast bucks and are betting on options.
This is a sure fire way of inviting disaster. Weak hands at the market, the one's that are too greedy to make the fastest buck and in turn loose the fastest way possible have to get flushed out and the market now has provided a right opportunity for them.
HINUNILVR too has reported fall in bottom lines. So even if FMCG is not doing well, who is? There is sure to be some strong ones coming out after the lull in the market is over. Let's be alert to catch the next moves in the likes of TTKPRESTIG, PAGE INDUSTIRIES or a TITAN of the yesteryears.
Smart money has either exited long positions or is staying thin of commitments. Wait on the sidelines for the next best opportunity to enter, continues. It has always been the buy and hold that has made big money like what Mr. Jesse Livermore had said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”
No comments:
Post a Comment