Dear Visitors.The markets are continuing the volatility with lots of happenings like Satyam Saga & other things like falling crude, positive IIP data & cooling Inflation. Now I suggest the traders n investors to mainly concentrate on Corporate Sector Earnings which will be most speculated now onwards after Satyam disaster. I am Listing below few points on which the traders have to concentrate.
1) Speculate Corporate Earning in Q3 results.
2) Keep an eye on FFI’s activities.
3) Keep an eye on Ruppee. Any significant fluctuations can drag in the FFI’s back to to Indian Stock Markets.
4) Dont speculate on Inflation as its not a problem now.
5) Keep an eye on US index i.e. Dow Jones n Nasdaq.
6) Weak Corporate Earnings can drag down Nifty upto 2500 levels
There is a fall in Sales/Turnover in many sectors like Automobile Industry n others, so we can really expect markets to fall further. THE MOST VOLATILE DAY WILL BE THE DAY WHEN RELIANCE INDUSTRIES ANNOUNCE THEIR Q3 RESULTS. remain cautious.
CAclubindia
