(27-11-2009 10:13:28): Buy minifty at 4850-4855 sl 4800 hold btst.wait for level to come for buy
Book nifty today in good Profits
Dalal Street will open in the positive zone after hit strongly courtesy UAE central bank's commitment to stand behind debt hit local and foreign banks by opening new lending window to banks.
Indian markets like other global markets are waiting for an oppurtunity to correct after flirting with the over bought zones. The massive bull rally unfolded in March, driven by excessive liquidity flows across the globe.
Time for investors to step back
While no one denies the fact that we are in for a multi year bull run, one should be cautious investing in the current global economic scenario with ripples of credit hit crises hitting the capital markets in bouts.
Realty space to get hit
Realty space will be the worst hit again given the huge rally in the last few months. These stocks are prone to corrections more than rest of the stocks. Investors are advised to go slow and try to avoid the sector in the next 2-3 months.
We are in for a corrective market in the next 1 to 2 quarters with consolidation mantra gaining momentum