Will global uncertainties pull the markets further down?

Though there may be slight set backs ,the Indian markets are in a short term bull phase . The intra day bear run can be well utilized for buying selected equities with a short term perspective.

For today, I have reported a " range bound movement with the day's high near to 5120 (Nifty) and low around 5060, with a positive close.

Desist trading in Options for the day.

Buy selected stocks and hold for short term.

As i said in my prior posting , the Indian markets would show some strength at least for the very near term.

Intra day , the bulls would scale up the Indice's above 4850 ( Nifty) levels and the day's low would be 4764.

Buying selected equity stocks with short term perspective is recommended.

For intra day traders , Nifty option CE 4800 ( average market price - 90 Nifty Level 4770) could be bought with selling targets @ Nifty level 4831 (Amp- 110).

No, if no further "surprises" show up.

Credit card risk in US, some sovereign risk around the world, some state financial status in UE (Greece, Portugal, Spain), some hidden-till-now-bubble (I don't feel transparency level in financial sector is really improved), some international hot spot fueling another war....

Yes, we have to hope no further surprises for at least 2-3 years......Is it possible? Let's hope so (:-)

The indian markets are in a trend reversal from 8th February 2010 and would witness bullish sentiments for short term.

Abey Alex maranghattu

www.abraadvisory.blogspot.com

I agree with you as company level sentiment are improving and u know stock market is related to real market Mall has also started to becoming crowded Bnext phase of problems likely to came from Europe

We are in for a bigger problem than we faced in 2008.At that time private companies and banks have become bankrupt and government along with central banks came to the rescue with stimulus pro gramme and bailout packages. Due to this almost all governments had to incur heavy deficits and rating agencies may downgrade them for not maintaining fiscal prudence.

The next possible problem is sovereign default.The first came from Dubai and it was temporarily saved by Abudhabi. Greece is the recent addition.Ireland already in the list and now Portugal and Spain is also seems to add to the list making the acronym PIGS.Only BRIC countries may do well if they are able to control deficit and come out from the easy money policy and tax the rich and wealthy to come out from the debt trap 

I don't think so,  normal corrections may apply as normal times, but another March 9 2009 is not possible, people speaking at W type recovery, but my opinion its not possible at least for next 5 years, probably when china hit badly, it may take 3-5yrs from then to see another major dip, but unlikely i see Sensex go below 11000k in coming years.