Monday, March 21, 2011

Everything Looks Positive in Today's Trading Session......Today's Above..........5399.00 Mark....Nifty Future, May Try to Hit....5418.00 and than..........5438.00 too in Today's Trading Session

Nifty has finally broken down below the critical level of 5400. Crude oil prices are in the upswing after a quick crash on Friday as unrest in Bahrain, Yemen and Syria continues. Markets might gap up marginally on Monday but situation is extremely jittery and the future is unclear for now.

We are yet to see the implications of Japanese unwinding if it happens. Middle east crisis continues to spread like a wild fire as Crude Oil is threatening to break free. With negative news flow reigning supreme it is indeed advisable for retail investor to stay in cash and wait for further downsides