Weekly News Letter for week starting from 29-November-2010 ( by NiftyLiveCharts Team )
Continuous corrections in market due to weak global market pushed nifty to low on every rise. Fresh shorts are buildup The LIC Housing Finance Scam again proved that indian regulators need to tighten their seats to make sure such things should never be repeated in market. LIC Housing Finance was a Key player in the market and lot of money was involved in Stock. This Scam can change the market sentiments and we can see more profit booking in other stocks also which can make the index to see much lowers levels than expected. the impact of this Scam news was already seen on other stocks and some of them were big looser like HCC.
We and our premium clients have made Positional Short positions in some of these Scripts and we are already sitting on some huge profit.
The market sentiments are hurt from this and Retail investor has to be extra precautions before taking any long or short position.
Nifty, Closed at 5752 ( down Trend )
Trend = BEAR
Trend reverse = Above 6007 ( Trend will be Bull above this )
Bank Nifty, Closed at 11,668 ( down Trend )
Trend = Bear
Trend reverse = Above 12233 ( Trend will be Bull above this )
Strong FNO Shares
None
Weak FNO Shares
Most of the stocks are trading in Panic.
Since the markets are in down trend in the movement, there is no calls in this segment.
Securities in Ban Period
NIL
look forward to get details in Next week. Thanks
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Warm Regards
Lets Make Profit Team
Contact Numbers :- 9899555993 | 9811344604 | 011- 45871907 | 011-65576740
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