*Update @ 2:50P.M* *Indian Markets has Gapped-down as expected and this market is not above recover any close below 4380 would confirm more weakness.*
*1) **Sensex and Nifty futures has Gapped Down forming Weekly gap-down and Island reversal which has very big negative implication.* *2) **Nifty in the Graph show Head & Shoulder formation so break below 4380 would lead to previous low of 3900 or even below.* *3) **Selling has been in sectors like Realty, Banks, Auto, Metal and Oil & Gas and one should be careful with high beta stocks at this point of time * *4) **Commodity market saw sell-off after data suggest U.S. consumer in no mood to spend and weakness in China and other Asian market would pressure FIIs inflow.* * * *Caution is advised in leverage stock and would also advise booking profit and increasing cash position @ this point of time.* * * --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
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