Sep 21, 2011

Perplexing State of Market

5197 --- Again the Great Wall.

  • A Big Event today  --- The Fed "Hide and Seek" Game. Economies can never improve by Printing Money.
  • Today also Nifty Resisted at the opening and grinded lower. Nothing can be Thought of Now as the Big Event may bring Surprises.
  • Technically Multiple tops in the 5150-5197 region. Hence my bias would be more on a revisit to 4911 again.
  • As of now a .25 BPS rate hike looks the most probable scenario today.

Opps Too Much expected by a Bear Like Me.



 


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