After a pause yesterday (with hardly any change from Friday levels of 5476 to 5473 (sensex 18266 to 18232)
today the market gained over 300 points sensex and Nifty 95 points nearly 1.7%.. Looks like the onset of monsoon on Kerala shores have enthused the market. Any a good monsoon is not going to bring down the prices overnight. Inflation for the next few months is likely to be around the 8 to 9% range .
Nifty closed @ 5561 -up 88 and Sensex @ 18508 - up 276. Almost near the high for the day.
Almost all shares participated in the rally - specially the Banks . Surprising considering that RBI is likely to raise the rates once again in June - may be this was already factored in the price crash last week.
Wait for the index to cross 5650 before taking any buying decision.
The market crashes down faster than the speed at which it goes up - wait for the 5650 levels and the global cues before getting very excited about the gains in the market index.
This month F&O - has 5 weeks for expiry - so I guess it could be a good idea to go in for some put options after the index crosses 5600 levels to protect your portfolio.
today the market gained over 300 points sensex and Nifty 95 points nearly 1.7%.. Looks like the onset of monsoon on Kerala shores have enthused the market. Any a good monsoon is not going to bring down the prices overnight. Inflation for the next few months is likely to be around the 8 to 9% range .
Nifty closed @ 5561 -up 88 and Sensex @ 18508 - up 276. Almost near the high for the day.
Almost all shares participated in the rally - specially the Banks . Surprising considering that RBI is likely to raise the rates once again in June - may be this was already factored in the price crash last week.
Wait for the index to cross 5650 before taking any buying decision.
The market crashes down faster than the speed at which it goes up - wait for the 5650 levels and the global cues before getting very excited about the gains in the market index.
This month F&O - has 5 weeks for expiry - so I guess it could be a good idea to go in for some put options after the index crosses 5600 levels to protect your portfolio.
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