(4/16/2010 8:43:03 AM): (4/9/2010 2:04:17 PM): guys buy only if ur convient with sl else remain nil coz v r expecting 200 points correction in nifty in coming days MARKET TO TEST 5175
Goldman Sachs popularly called as "Government" sachs by envies in the broking circles was charged on friday by SEC for fradulent dealings in CDOs. The news sent jitters across the globe pushing equities down in all major stock exchanges on the globe.
While the impact of the news ideally is not huge but the stock market is just looking for an excuse to correct and D-Street is already in the midst of a much awaited correction. RBI meeting tomorrow is likely to create high levels of volatility in the Indian market too.
We are uncomfortable with the current rally from the last 4-6 months though we participated in bits and pieces. Bears might have an upper hand in the next
2-3 months...