The markets are getting into the customary mood of a manic depressive patient. Wild optimism followed by morbid pessimism. This seems to be the mood in the street right now. After two days of volatile 140 points plus movement , the markets are still undecided as to where to head next.
What we think right now is that the trend stays firmly upwards. The 10000 should get taken out sooner rather than later unless something drastic changes the scenario. If you remember we had mentioned the Indian pharmaceutical sector as the sunshine industry of the future. Looks like the markets are realizing the same. For you investors out there look out for the gems among this sector. There are still some small cap companies which can grow really big in the future. If we spot one we will share it with you, if you spot it let us know.
What about us traders? well!! we continue to trade and make money which ever way the markets move. We have our ups and downs. We try to make the ups last longer and longer, while cutting the downs as soon as we see them. This is the only way we can survive and flourish as traders.
Before signing off I would like to apologize to our regular readers. We have been a little laggard in updating this blog more often. The only excuse I can give is sometimes the work gets so that the time to sit back and talk is few and far between. I can only assure that we will be there sharing the moves and the moods of the Indian Stock Markets with you as long as we can.
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