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29 September, 2008

UNCERTAINTY???

Previous day markets lost 125 points nifty and closed below 4000 i.e., at 3985 due to doubts about clearance of bailout package by US govt.  Shorts were buildup in nifty & stocks futures.  But a little bit + ve now is only clearance of bailout package in US & Indian Nuclear deal.  How far these will stop FII selling?.  What is the real impact in US markets?.  We have to wait and see the impacts.  

Presently markets may open in +ve as seen in Asian markets.  But one has to go by the intraday trends.  Else, wait and watch; and accumulate puts at higher levels.  For today and tomorrow calls at 4200 may give trading chance. Maximum time frame is only two days.  Monday US markets will be in +ve but on the next day?  ...


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