Tuesday, July 1, 2008

QuickGains Premium Newsletter 24/06/08

GOOD MORNING.
DEAR FRIENDS,
SLIDE RIDE CONTINUES
MARKETS MAY SEE FURTHER DOWNSIDES FROM CURRENT LEVELS. AVOID INVESTMENT BUYING AT PRESENT, MAINTAIN CASH IN PORTFOLIOS. A RISE TO 14900 - 15100 MAYBE AN OPPORTUNITY TO EXIT FROM STOCKS WHICH YOU DO NOT WISH TO HOLD AND GENERATE MORE CASH ON YOUR BOOKS.
PROBABLITY OF SEEING 12500 IS BECOMING BRIGHTER BY THE PASSING DAY. SO, STAGGERED BUYING AS SUGGESTED AROUND 13500 & THEN ADDING MORE AT 12500 WILL BE THE WISE THING TO DO.
ONE THING IS CERTAIN & THAT IS WE ARE IN THE BEAR PHASE. SO, MOST OF THE RALLIES WILL MEET SELLING PRESSURE AND SHOULD BE USED TO GOING SHORT OR BOOKING PROFITS ON STOCKS BOUGHT AROUND SUPPORT LEVELS. TO RE-ENTER AT LOWER LEVELS, THEREBY BRINGING DOWN THE AVERAGE ACQUISITION COST.
AT CURRENT JUNCTURE, ONLY WAY TO COMING OUT OF THIS RUT IS THAT SENSEX SHOULD CROSS THE PREVIOUS HIGH MARKED AT 15790. TILL THEN, BULLS BYE BYE & BEARS TO HAVE A PARTY.
NO RECOMMENDATIONS FOR THE DAY.
TAKE CARE!!
BEST REGARDS,

NS FIDAI
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]

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