
Asian Stocks Surge as U.S. Inflation Data Ease Rates Concern; Bloomberg
Nikkei up 3% BHP Biliton jumping ahead probably a good for commodities.

Nifty - A Recovery To Remember
The Nifty gained 90 points over the day to close at 5122. Anotherday of follow-up strength for the markets yesterday as they opened with an upside gap and thereafter smoothly kept moving higher the entire day. By testing the levels of 17200/5130 again the indices have completed yet another beautiful looking “V” shaped reversal (See Exhibit 1 on Page 2). The move yesterday was much more encouraging in comparison to Monday as the gains were registered intra-day and with better market breadth.

Cautious about volatility in this market
Market opened weak note on Dubai news , plunged more then 300 points to finally recover some ground. For small traders its following the crowd , no clue what will Mr Market do . Should I sell when it's plunging or buy more. Some smarties sitting on sidelines and having last laugh .
end of day
Loss looked like this ..
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Indian Stocks tanks for Sixth Day , where is bottom ?
About rajumohan

Should Investor wait in this market ?
The short term downtrend continues. The traders should be cautious as there can be bounce back due to technical considerations. Investors should wait patiently for the market to stabilize.
News URL : http://www.myiris.com/newsCentre/storyShow.php?fileR=20091030172454198&d...

Sensex plummets 214 pts, Bank, Sugar tanks
Reporting from NSE Trading screen : Sensex open on a flat note at 17,230 and move up to a high of 17,248 in morning deals. Profit-taking at higher levels saw the index drop to a low of 16,998 - an intra-day swing of over 250 points. The Sensex finally closed near the day's low with a loss of 214 points (1.24%) at 17,009. The Nifty was down 51 points at 5,064.
Bank and Sugar stocks took the biggest hit. All big sugar counters Bajaj Hindustan, Dhampur got crushed by 6% or more. Tata Steel dropped 4% to Rs 552. SBI was down 3% at Rs 2,385.




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