there was nothing to write about the market.
looking at the trade volumes for the past month shows
1) its less than 70% of what was done in the last three months of the previous year.
2)no one has money to invest
3)heavy losses to the retail investors in ipo
4)thats why even blue chips r at 52 week low with no buyers
companies like ntpc,lt,bhel r in no way depended on US mkts however they r also down.
so sentiment drives the mkt alongwith liquidity.
budget will be out tomorrow agri and related sectors will get a boost
new taxes may not be levied like the FBT AND OTHERS ,
AFTER THE BUDGET THERE WILL BE A DOWNTURN
so book profits on every rise and invest in good companies
refer to blog dated 22/01 and 23/01 for list of stocks
intraday trading can be done tomorrow in fertilizer stks
subbu
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