GREENISH UNCERTAINTIES

Trading on previous day suggests that bounce back rally is at good pace with the news of RBI actions. That was over now. Our Regulators, FM and PM are all at work for providing liquidity in to the  monetary system. US markets are showing that the slow rise  may be up to  completion of the elections. Hence, our markets may rally up to wednesday first hour. Nifty resistance levels 3050-3200.

Observations: 1. In a discussion in CNBC one person expressed that another 15 to 30 billion dollars may go out in this month. 2. Job cuts are strongly expected in India Inc. 3. The intensity problem around the world was still not understood. 4. IMF says that money required for the struggling economies of India & China. 5. Citi bank declared Q3 losses in credit card defaulters account (Another tip of the IceBerg.). 6. FCCB conversions by India inc for this month are also more, which is burdensome due to adverse markets & dollar rate. 7. NDTV shows that Kamath, concerned over the interest rates in 'high teens'  warns of Corporate defaults beginning with small and medium enterprises couldn’t be ruled out. As per the expressed few items of news we are frightened about stock markets. Then what is the real picture ? Have a look at downside trades.