YOU will agree with me that during last few days almost everyone except some stock market learners like me are of the opinion that market should correct from here. Every other day someone somewhere coin a new reason for the market to crack. But the markets are refusing to correct in any meaningful manner. May I ask them why market should correct. All are waiting markets to come down to invest. Is it so simple? Markets are market, have their own logic and move.
Most important is stable political scenario and willing government. Now political situation worldwide are relatively stable. World-over Governments are more than willing to fix financial problems. Economic data worldwide are showing sign of improvement. Dollar index is also showing signs of fatigue around 82-85, now overdue for correction. Commodity prices and crude are gaining strength showing pick-up in economic activity.
Do not believe technical levels like 5480, 5560 or 5620. These levels are created by software created by those who never invested a single paisa in stock market. In my opinion no human or computer in this world can predict the market.
Take my words 2010 will be the year of BULLS they will not let the bears walk away easily. To trade profitably, forget the direction of the market focus on the midcap space. My dear investors this is not important also what is important to pick a stock at right price at right time and the most important exit at the right place.
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