- We have had good success with our earlier Calls, in particular TATA MOTORS, TATA STEEL, CENTURY TEX, UNITED PHOS, DLF, IRB INFRA, JP ASSOCIATES to name a few. There have been misses as well for sure but net-net we have been on the right side of the trades. Hopefully, readers / followers of this Blog have benefitted from the said Calls. TO SEE MORE DETAILS ON THESE CALLS LOOK HERE
- In my Post dtd 27/10/2013, SEE HERE, before the expiry of the October Series, I had opined that Nifty was likely to see a 150 point move either side from 6150 before expiry of the October series and had therefore refrained from making any trading recommendations for the Cash Market then. As it turned out, the Nifty did close expiry around 6300. Call it traders luck, if you will !!. However, the last hour monster rally on expiry day 31/10/2013 on PSU Banks caught everyone by surprise and am not sure how many of you made money there.
- Earlier, in my Post dtd 29/9/2013, SEE HERE, at the beginning of the October series, when everyone was talking of NIFTY going to 5500, I had observed that there would be durable support in the 5700 - 5750 zone. As it turned out, the Nifty made a swift recovery from 5720 odd, if I remember correctly. Traders fortune again, I guess!!
- The short point I am trying to make here, even at the risk of immodestly drumming up the earlier occasions where I seem to have got it right, is that at the present moment I am again engulfed with the possibility of the Nifty moving down to around 5900 levels in the next week or two. The macro overseas indicators with the improved US GDP data and better than expected job creation despite the shutdown, seem to point towards an escalating risk-off mood even as the possibility of a December taper start seems to be catching on.
- THUS, GUYS, NO CALLS FOR THE CASH MARKET THIS WEEK, THE NIFTY SEEMS HEADED DOWN, 5900 PERHAPS IN THE NEAR TERM.
HOPE I AM WRONG ON THE ABOVE PROGNOSIS!!
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