Market today

Yesterday due to global indicator sharp rise in all world stock market gave a fresh buying and shorts to cover position giving sensex arise of 470 point where nifty also rise and easily cross 4800 and settled at 4873 at premium of 22 point showing some buying in future also .

Dowjones and NASDAQ also gain more then 2 % in trade in morning Nikkei and hangseng index open firmly positive and up by 1 %,Indian market looking to open positive today my view still negative  go short on nifty around this level square your short of nifty cross 5030 eight er nifty comedown 4500 in this settlement .

there were no big positive going on US and EUROZONE,smart buying seen In education sector due to lowest price ever and good indicative for sector specific ,still avoid metal and reality sector.

Indian economy whats ahead

Today market looking to open with a positive side and nifty to open 4750 level still seeing selling pressure in market by FII. Data of FII showing they selling in future in December side so lot of short position in December series showing still pain to continue my advice for fresh trader book profit at every rise and keep watching more down trend to continue .
Market side euro zone looking still more bad news to continue and now some addition in losing field in financial and banking system pull down growth to lowest level in Europe,
Crisis in euro and high price of dollar making a pain for growing country because of high import price in crude and energy product got impact of high inflation and added fiscal deficit .
Indian reality and infra space having more downtrend negative bias ahead due to concern about these sector and high interest rates banking sector is also affected so we can these sector affect India growth story at black more coming six month is very tentative for Indian economy .
Stock market levels nifty looking to touch 4000 mark in coming months.

World economy :whats ahead

World economy is in deep trouble these days ,American and European pain continue in all financial sector including stock market and currency also.

Today we just think about role of us and European economy and impact on world of it,after 2008 recession in America people hoping for better tomorrow as government take action to pull out us economy to stability and take it on track of growth for better tomorrow,i also add here people hoping much because of new idea and step taken by Barack Obama with new hope and horizon .

now at present what make us and Europe in big trouble first market not able to manage growth in true line only industry growth showing because of relaxation given by government on taxes and interest rates their balance sheets showing much better but truly there were no sign of growth in sales to boost us economy .

In that case higher commodity price also add to create pain full for economy ,number of jobless claim risen day by day,interest of international investor also not join USA,big revenue expenditure during war by us.

all impact on us economy hurt European reason also and since 2008 a negative zone buildup in Europe also ,countries in Europe also face problem and attachment of each other impact rest of European region too and now world top economy of us and Europe in deep trouble now heavy fiscal deficit over these countries make situation very dangerous to them.confidence of people all over the world also hurt to invest in these country ,now we have to watch impact of slowdown all over the world my view is coming six month is very poor for world economy and now Asia also join this rally due to business attachment with them .

More bad situation on path in coming days so better to stay on cash and wait for better tomorrow and i feel investor need to look for long term investment is golden opportunity in coming months .

image source: topnews

stock picks for 30-09-09 wednesday

market open with a negative bias nd agagin pull beck near to 5000 , market consolidating in this region ,befor i told untill dowjones not touch 10000 market not a big correction in market nd nifty trying to touch 5250 so buy at eavery deep witha stoploss nd wait for good return , buy hindalco,hcltech and reliance

stock picks for 31-08-09 monday

market open with downside trying to break friday low but nifty sure poised to touch 4950 in coming days with hurdles , on monday one can buy hul, rcom and tatasteel,
also read all my past post nd result it giving in market view as well in stocks also