Saturday, November 14, 2009

v BSE Sensex closed at 16,696, down 154 points or 0.91% from its previous close, while the S&P CNX Nifty fell 51 points or 1.03% to 4,953. To sum it up we can say that flat global cues and profit booking were the culprit for today-the 13^th weak session .. Only saving grace has been good October subscriber numbers which sustained telecom stocks.

v The profit booking is a reality as market is a sea of emotions. So just keep an eye on the fact that whether Nifty can sustain itself above the level of 4899 or not. After yesterday's rally, the Indian market fell notably on Thursday 12^th Nov 2009.

v On the option front, implied volatility has increased marginally, indicating that volatility will continue in the coming trading sessions.

v Diversify your investments and follow the principle that never put all eggs in one basket.

v Diversify your stocks When investing in the stock market, don't load up on just one or two stocks. Diversify your investments across many stocks. If your portfolio is not large enough to buy 15 or more different stocks, you should consider purchasing one or more mutual funds to ensure diversification.

v The man Mark Mobius who was bullish on Indian markets as per an interview he has given to a leading business channel, Mobius has said that this is just a ‘usual’ correction and investor should not be alarmed by it.

v Mobius has however indicated that he wouldn’t be surprised to see a 20% correction in stock prices. As he has said, "That is not something we should be alarmed about. We are definitely in a secular bull market as long as the money supply continues to grow."

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