Oil continues its downward journey after a short break . Other bulk commodities also looks set to continue with their downward journey. US and EU equity markets also sold off . Asian markets looks set to soften further , in absence of any positive news from China or Fed.
As the quarterly results pour in the action in the Indian market will be more stock specific. We can expect increased volatility in these counters.
For NIFTY it looks week in the near term. INR remains range bound. In the medium term INR may weaken in line with the sell off in the Emerging Markets.
Our yesterdays strategy of long Infosys and short TCS did well . We will keep suggesting such short term trading strategies . However they are to be implemented with a strict stop loss and closed out at the end of the day.
We are also starting a section on technical analysis where we will discuss such money making opportunities regularly. Please register for the same.
If you want us to analyse any specific stock please write to us and we will analyse the same for you.
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