Friday, June 22, 2012

Deflation is good news for India

Crude is down, prices of commodities are tumbling. All of this is good news for India.

Yet, we have seen that the U.S. Markets fell big time yesterday, putting question marks over the rally that we saw in our market.

My view is easy to understand: The Nifty has strong support in the 5000 zone. So far as this support holds, I assume we are in an uptrend. The first signs of distress will come if the Index goes below 5040. But, markets are volatile and will remain so.

We have to adapt to these volatile conditions. Trade only one side (long or short), keep volumes under control, take profits wherever possible.

I will remain a buyer on dips, the kind of which we are likely to see today.


6 comments:

Technotrader said...

Today morning watched you on CNBC and your view on Renuka Sugars. I again rechecked the chart, which I usually do when I listen your comments and found nice inverse H&S pattern. I bought July fut of Renuka in the morning and today it gave a powerful breakout with huge volumes. Thanks sir, I am trying learn from you. Thanks again

Dinesh Rishi said...

Hatts off

Sir,

what a confidence after DOW opening
in deep read

Dinesh Rishi said...

(Typo) opening =closing

Paras Gudhka said...

Dear Sir,
Even today your ideas were correct. Today Morning you told to buy on Dips, and thats whats happened markets recoverd from days lows. I am making money by following your views Thanks a Lot and do continue it sir

cho said...

In one word sir ji...........jabardast......... WONDERFUL.....

cho said...

in one word sir ji ...jabardast........today also...