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Adlabs Films Most active discussions of 2006 , 2007 & 2008

Bearish view continues (8) 25-Jun-08 12:55

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Posted by: paztiruyh on ( 25-Jun-08 12:55 )
Price : BSE: Rs 503.05 ( 0.21 % ), NSE: Rs. 502.20 ( -0.05 % )
Dear Friends, Donot study today\\`s upmove as oppurtunity to buy and uptrend has resumed, it is only a foolish assumption. markets are bouncing because of short covering and rollover due to tommorow\\`s expiry. Nifty for july trading around 50 points discount clearly indicate that next month shorts are huge. I donot suggest any buying since markets have no where bottomed out. I will recommend stocks to buy once i see markets nearing bottom but currently no where it has bottomed for me. It is only a beggining of big bear market. I expect no interest rate hike from US market which is also bad for the market. I donot feel that 11700 important support on dow will hold and it is very bearish sign for the coming days. Regards. Pazitury

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