Money Tree

Yesterday the markets gave positive signals. Volatility was a bit reduced. Today the asian markets and Dow Jones recovered significantly. Our markets will take an impact of that. Concerns over interest rates in Japan and US have also been reduced, we see a recovery in Indian markets today. One can enter the markets at this level. Some of the value stocks are listed below.

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The markets have almost found their bottoms. Today the market should remain positive but with high volatility. 8800 is a very strong support for sensex and the market should remain above this level.

The sensex has a crucial support at 9000 levels, today it may breach that level and if it breaches this level significantly and closes below 9000 level then we may see more downside. However if it closes above 9000 level then it has chances of bounce back. Today the chances are that the market should remain negative throughout the day.

The sensex improved by 500 points on friday. Today some profit booking is expected. Markets should be in red today. ICICI bank and HDFC bank are looking weak. Short sell in the morning to gain 1-5 % during the day.

Yesterday the markets fell sharply continuing the selling trend. Some panic was seen from the retail investors with increasing mutual fund redemptions. Dollar is getting stronger and stronger. Interest rates in Japan and US are expected to increase and investments from the asian economies are being withdrawn.

Yesterday the sensex breached that 9800 mark, now the sensex may slip down further to 8500-9000 levels to see buying interest from various investors. Mutual Fund redemptions are increasing and thereby increasing selling pressure from the mutual funds. The valuations have come down significantly, some of the stocks are oversold specially the mid caps and small caps. If you want to invest for a long term, you may start selecting the stocks now, the bottom is very near.

Yesterday the markets closed in red again, the FIIs were net sellers, some mutual funds have also started selling due to redemption pressure. The sensex closed below 10000 mark. The bears will have real tough time to push it below the 9800 support level, but if it slips below that, there may be real carnage in the markets.

Yesterday the markets fell sharply after opening positive. The sensex has become range bound every rebound is used by investors as exit and confidence is lacking. The markets are expected to be volatile and to be in the range of 9800 to 10600 during the week. Its good time for short term trading but carefully.

The sensex rose on friday because of short covering. the sensex has a very strong support at 9700-9800 levels, if it remains above this level during the week, then it may start its journey upwards, however if it breaches this level, it may go down to 8500 levels. Invest cautiously and avoid small caps and mid caps. Buy only value stocks.

Today’s Tips

Yesterday after opening positive the markets fell sharply towards last trading session. FIIs are continuously taking out funds from the asian markets. The markets are expected to remain volatile for some more days and sensex may keep its journey going to discover a new bottom. It may be around 8500 or even below that.