Since I last wrote the market has come down a bit.
The Nifty is at 5292 (noon 31/8).
It needs to come down to 5075 for me to make a nice sum of 80k rupees. I have time till 30 Sept.
Incidents lined up :
- Bernankes speech at Jack Hole. Am sure mkts will get disappointed given the huge expectations built up.
- The Europe circus. I can see some rumblings upto 12 Sep when the German courts vote on ESM.
My strategy is simple :
Wait till 12 Sep. Uncertainty will lead to Risk off and selling at Indian bourses. Should get 5075 by then. Have already waited since 5460.
The Nifty is at 5292 (noon 31/8).
It needs to come down to 5075 for me to make a nice sum of 80k rupees. I have time till 30 Sept.
Incidents lined up :
- Bernankes speech at Jack Hole. Am sure mkts will get disappointed given the huge expectations built up.
- The Europe circus. I can see some rumblings upto 12 Sep when the German courts vote on ESM.
My strategy is simple :
Wait till 12 Sep. Uncertainty will lead to Risk off and selling at Indian bourses. Should get 5075 by then. Have already waited since 5460.
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