Rollover pain..Tuesday, January 19, 2010
End of the day…
Market failed to hold momentum as the rollover pain came nearing. 7 sessions left and from tomorrow the actual rollover will start.
Best part this time is since most of the traders are either short or away from market being extremely tired there is huge chances of market making big up move during roll over. As such the earning season is also getting to an end and most of the results are better than expected.
New Sensex targets will start flowing in with increase in earnings. Earlier 1050 was max people expecting for 2010 earnings now the same is being renewed to 1100 plus. We are strong advocate do 1125. Therefore 2011 we can close at 1250 also hence new Sensex target of 26000 will start coming from major market players very soon.
Today weak movement should be used to accumulate more in futures as rollover will give volume and price age in next few sessions.
The greatest and most important problems of life are all fundamentally insoluble. They can never be solved but only outgrown
BigGains !!
No comments:
Post a Comment