Sensex had taken 21 months to touch the 20,000 level from the 10,000 level. It took only nine months after hitting its all-time peak of 21,206.77 on January 10, 2008 to dip below 10,000 to touch more than 2 years old low.
Sensex dipped 5.25% or 552.5 points to close at to 9,975.35 and NSE Nifty plunged 205.6 points, or 6.27%, to 3,074.35. US $ to Rs is now around 48.70 Crude Oil is now around $70 per barrel. Inflation numbers at11.44% from the last weeks 11.8% Over the last 5 days, FII's & Domestic MF have sold over 5042Cr and 242 Cr respectively. RBI did another CRR (Cash Reserve Ratio) cut by 100bps to 6.5% from the current 7.5% and Finance Minister tried to console the investors by his speeches almost everyday. Unfortunately all went in vain. Fundamentals and Technicals are totally ignored for a while and Sentiments are completely beaten down due to US recession and global meltdown. Q2 September results are showing weakness and being declared with a cautious future guidance. Market is yet to reach its bottom. There could be minor bounce backs and one should not get into its trap. There is a good possibility that we might see 9100 in Sensex and 2800 in Nifty i.e another 5% from here in the coming week. *More downside expected!* Happy Trading! *http://www.vjondalalstreet.com* Bus Naam hi kaafi hain… To subscribe [EMAIL PROTECTED]<../../post?postID=30XqsJQ9sGC0yT7AGPHuh6Eb22rTAUhLBDlLNqKAUuHI0v7wlUJmudYWDTNMdz4Esau34ImqGszeRJyhzw02BE0-m2CYFowK7o3rckr-fuh6dQ> You can also join thegroup with your mobile phone and get updates through sms. To subscribe SMS *JOINVJonDalalStreet * to 567673434* * *Disclaimer* All information provided is forinformational purposes only, not intended for trading purposes or advice. Priorto execution of any trade, you are advised to consult your financial advisor toverify the accuracy of all information. We are not liable for any informationalerrors, incompleteness, delays, or for any actions based on informationcontained herein. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" 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/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
