Wednesday, July 23, 2008

QuickGains Premium Newsletter 17/07/08

GOOD MORNING.

DEAR FRIENDS,

SUNNY DAY AHEAD!

12300 - 12800 RANGE SUPPORTS BELEAGURED BULLS. IT WOULD BE FAVOURABLE FOR BULLS TO HANG AROUND BY WHATEVER LITTLE THEY CAN ABOVE THIS RANGE TO BE ABLE TO REMAIN ALIVE AND KEEP THE LAMP OF HOPE BURNING.

AS WE ARE AWARE, THAT IT IS A BEAR MARKET. ONE NEEDS TO BE EXTRA CAUTIOUS ON THE HIGHER SIDE WITH LONG POSITIONS. THE SITUATION IS REVERSED FROM THE BULL MARKETS, WHERE IT IS RECOMMENDED TO BUY HIGH AND SELL HIGHER. HERE IN THE BEAR MARKETS, ONE NEEDS TO BUY LOW AND SELL HIGHER (SELL LOW AND BUY LOWER, TOO IS TRUE).

TODAY, SENSEX MAY OPEN WITH GAP UP ON POSITIVE GLOBAL CUES, CRUDE DECLINING & INTL. MARKETS IN GREEN. CAUSE FOR CONCERNS, GOVT.'S FATE & TAMING OF INFLATION, HAVE NOT SUBSIDED, THEY HAVE JUST BEEN IGNORED FOR THE TIME BEING. ON THE UPSIDE, SENSEX MAY RISE TO 12670, 12830 OR MOVE ABOVE 13K TO 13085.

BULLS CAN TAKE SOME HEART AND THROW A SMALL PARTY ONLY IF THEY ARE ABLE TO MOVE SENSEX HIGHER THAN 14100. AND STILL, THEY HAVE A LONG AND DIRTY FIGHT TO FIGHT. THE JOURNEY IS LONG AND ONLY THING THAT MAY CARRY THEM TO THEIR DESTINATION IS WINNING SUCH SMALL BATTLES, SO THAT SPIRIT REMAINS ALIVE.

IN EXTREME SHORT TO SHORT TERM, BEARISH MINDED TRADERS WILL HAVE TO BE VERY VERY CAUTIOUS AND MAY EVEN BE BETTER OFF BOOKING A MAJOR CHUNK OF PROFITS.

NO RECOMMENDATIONS FOR THE DAY.

TAKE CARE!!

BEST REGARDS,
NS FIDAIDISCLAIMER:[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.]NOTE:[ If you wish to discontinue recieving the daily newslette

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