The Financial Sector and the real estate sector were once the darling counter's of every traders and investors. As mentioned earlier stay away from these sectors. Stocks like DLF, Purvankara, Omaxe, Ivr prime, HDIL, Unitech, Orbit have been in the roller coaster ride since the start of the current calender year. New entrance like BPTD, Oberio's and Uppal Group are thinkin about their entry in this scenario of the the market. DLF and Unitech have postponed their planned listings on international Exchanges. They will see some Bounce back when the markets turns around.
Today traders had a good time while trading. Nifty bounced back till 4618 from 4519, thanks to the global markets and a very good support at 4450. nifty will face a stiff resistance at4600-4750-4800. The pattern formation in the nifty chart which was made near 6350 levels clearly suggested that the Nifty will fall.The candle stick that was made today tells that there will be good bounce back tom till 4600-4750-4800 levels. But if the Nifty slips tom below 4450 then the fall could be till 4250, which according to me is rulled out temporarily.
Investors with 1 year prospective should invest around 15-25 % of the portfolio size at the current prices. Us mkts bounced back on the back of the excellent numbers announced by Goldman Sachs & lehman brothers. We have a long week end, so i would suggest traders to book profits in the late hours.
Advance Decline decline ratio on a monthly average basis have fallen to the 15 yr low in the current month. AD ratio as the name suggests is the ration of the stocks that gain ground to the number of declines . In the other words, lower the ratio higher the number of stocks that are loosing ground. The ratio is at low of 31:11. Three months ago the ratio was as high as 65:29. There have not been any occassions in the last 15 yrs when the ratio has come so dangerously close to the 30 mark. Check out for the ratio. If the Markets have to pull back, then th AD ratio also have to improve.
Holi hai.........
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