==>> Adopt an Wait & Watch

Hello readers, yes I know that i am writing after a long time, but for the past few weeks, the mkts had been in a small range . As I have mentioned in earlier blog also the Nifty will face resistance at 3600 levels, that is wat is happening in the mkt. Investors are booking profits at every rise. According to me there has been no change in the fundamental of India, that gives support to the Indian mkt rally. Major Indices have rosed to more than 25-30%, without major change in the Indian economy. IIP is at its 16yr low, exports are slashing down, consumer spending is down. Motor car sales are down, but the companies scripts have rosed more than 50%. WHY??? Reality sector as a whole is down, due to lack of buyers in the mkt, but still the Reality srcipts have almost doubled in the past few weeks.. WHY?? Is it just to raise more money from the mkt. or the operators have pulled their plugs again. When the Nifty was aroung 2900-2800 levels, all the Research firms and the technicals indicators indicated that, there will be more pain and the NIfty will fall down to 2300 levels. And now the same people are predicting the Nifty will touch 4000 -4100 levels. What had made change their view so fast, without any change in the fundamentals of India. What made the FII pore money in the Indian economy.

This is just an operator game and the pre election rally, that acc to me this rally wont last. The rally was seen because of the rumours that the COngress will lead the Government of India. If at all the news in not correct and some other party forms the govt then, the mkts will go for a toss. So till the time the, results are not outthe best thing what the people should do is to adopt a Wait & Watch strategy rather loosing out for something. Nifty is facing resistance at 3650 levels and if it stays below the same for some more trading days, then it may again fall down till 3400. But it this rally continues, Nifty can touch 3800 levels soon.