QUICKGAINS PREMIUM NEWSLETTER 11/09/08

GOOD MORNING.

DEAR FRIENDS,

CRUDE, METALS, RUPEE & EQUITIES.................

.................TUMBLE

MARKETS ARE WITNESSING AN UNUSUAL PHENOMENA!! FALL IN CRUDE OIL PRICES SHOULD BUOY UP EQUITIES, WHAT WE SEE IS A WEAKENESS IN THE GLOBAL EQUITIES MARKETS.

SLOWDOWN IN ECONOMIES GROWTH IS ONE SUBJECT THAT IS BEING DEBATED ACROSS THE ENTIRE GLOBE. THERE IS A FIERCE DEBATE GOING ON WETHER IT IS A SLOWDOWN OR RECESSION, WE BELIEVE, IT IS MORE OF A SLOWDOWN.

AFTER A SUSTAINED GROWTH PERIOD OF 5 YEARS FROM 2003 TO 2008, A BIT OF COOLING OFF IS CERTAIN AND NEEDS TO BE TAKEN IN STRIDE.

DEVELOPED ECONOMIES FEEL THE IMPACT IN MORE SEVERITY THAN DEVELOPING ONES AS THEY HAVE A BIGGER BASE AND ARE FREE ECONOMIES WHILE DEVELOPING ONES HAVE TIGHT CONTROLS BY THEIR RESPECTIVE GOVTS.

WE WILL WITNESS THE NEGATIVE TREND TO CONTINUE FOR FURTHER 3 TO 6 MONTHS PEPERED WITH UPWARD SPIKES IN BETWEEN. MARKETS WILL THROW UP SOME OF THE UNSEEN & UNHEARD OF BUYING OPPORTUNITIES IN BLUEST OF BLUE CHIPS. BE READY TO GRAB THEM. LONG TERM INVESTORS WILL HAVE THEIR HANDS FULL AND WILL BE SPOILED FOR CHOICE.

AS WE HAVE BEEN SAYING, A FALL BELOW 14100 THIS TIME AROUND WILL MEAN A BREAK DOWN TO 13300 TO 13100 MARK.

TODAY, SENSEX FACES RESISTANCES LINED UP AT 14710 & 14810. EXPECT TO SEE A GLIMMER OF BULLISHNESS ABOVE 15000. TILL THEN, EVERY RISE IS AN OPPORTUNITY TO SELL AND BUY LOWER. SUPPORTS ARE PLACED AT 14550, 14455 & 14200.

LIC HOUSING FINANCE - WILL REMAIN WEAK IF TRADES BELOW 330 TO DROP TO 316 & THEN TO 299 IN EXTREME SHORT TERM. BULLISH REVERSAL POSSIBLE ONLY ABOVE 338. USE RISE UPTO 330 TO GO SHORT.

PUNJ LLOYD - GO SHORT ON RISE AROUND 310 WITH STRICT STOPLOSS PLACED AT 316.50. EXPECT FURTHER WEAKNESS IF TRADES BELOW 293 TARGETTING 284 IN EXTREME SHORT TERM.

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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