I wish you all very happy diwali & happy moorat trading. I wish all my friends with huge investments to see bright lights of wealth on their family from moorat to moorat i.e., in 2009.
For today's trades:
Markets bounced very well at around nifty 2300 (2254) and closed at 2524. A remarkable recovery of 10% from lower levels with a sign of happiness (at least for moorat trading). Though DOW closed lowest yesterday the future dow is trading +ve at present. Asian markets were in +ve. F & O data shows that FII were long in index futures. Settlement pressures are on. Thinking all we may feel that today we may trade + ve and close even higher to open +ve tomorrow. But for closing of settlement any thing may happen. Kindly exit/ book profits any at least tomorrow morning trades. What happens to the DOW tomorrow we don't know. New financial problems are creeping up internationally which may result further down turn in all the markets. Bottom may be sensex 6500. Let us wait and see. One may buy shares for investments in the month of December 2008. One may buy 2400 put and 2800 call next month series.
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