Tuesday, December 19, 2006

What to do now?

It is difficult to read the markets in normal times. These volatile markets are almost impossible
to predict. But as traders we have to decide our next move and gauge the likely trend in the coming days.

Let me hazard a guess. Take a bearish position on every rise and be patient!

Also, be alert to pocket some profits as soon as you see them.

Fairly choppy weather ahead, we had a sample the past week. The Nifty and Sensex more than wiping the
sharp losses and then appearing ready to plunge again.

Moves like a 50 point drop on the nifty, before a positive close, are going to be the way the game is played out.

We have a wonderful ride ahead of us.

Enjoy the Profits!

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