Yesterday's trading is a reaction for RBI's actions. O K. PM's meeting with industrialists reveal that our PM asked not to go for lay-offs in the industry. Job losses are on and increasing in India too. Foreign returns are increasing with no immediate provision of jobs in India. Many many and many indications that we are at dangerous situation. In this situation what to do as an investor: One has to wait for clear turn around in the industry which may not occur in the forthcoming 2 years. If some one is having stock holding this is the best time to off load even at these rates. Else on has to short nifty one lot and role over for 3 to 6 months which may fetch 1000 points (50 x 1000 = 50000 profit). As a trader one has to short nifty at nifty 3050 + + levels. Steam may be over today itself??? SGX nifty is not so bullish as of now. FII o i is showing that they were not yet turned bearish and it may take one or two days. One can accumulate puts at 2900. In this settlement till now we have seen bullish movements then the bearnish movements may stay for more than 2 weeks. Markets must touch at lease nifty 2700 immediately.
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