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Moneycontrol.com >> Message Board >> View Messages >> Adlabs Films
   You are here :     Moneycontrol     MMB    Stocks      Adlabs Films                         Most active discussions of 2006 , 2007 & 2008
Small bounce expected (3)   27-Jun-08 12:48Tracked by (0)  
Posted by:   paztiruyh on ( 27-Jun-08 12:48 )
Price : BSE: Rs 486.05 ( -2.60 % ), NSE: Rs. 488.90 ( -2.02 % )
Dear Friends,

I have covered all my shorts on Praj adlabs and reliance capital. It is neither advisable to short or go long in this market till clarity presumes. Better to stand on the sideline and enjoy the movements on the either side. I am sitting with 100% cash and will rest till clarity presumes.

The above call shall be taken only by short term traders but my bearish views for medium to long term continues.

Markets look very weak on the charts but still oscillators signal an oversold market and a small trading bounce can be expected any moment.

Better to cover all shorts and wait on the sidelines till the breach of 4100 or 4400 occurs and a new trend up or down might resume.

Disclosure: No exposure to markets and sitting on with 100% cash.

Regards.
Pazitury
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