crude CRUDE acting......

The Aug-2007 levels…..May-07 levels...the journey towards south starded in Jan-2008 could end in Sep-08.

The levels suggested earlier for the Nifty touched without any resistance from the bulls.
Now the markets are on a free fall. The risk takers right from the 5100 level, 4800 level and the worst hit at 4600 level were wiped out as the uncertainties are looming large.

The markets got support only when the trend reversal happens at the front line stocks. The best things can be seen only when Reliance crosses 2440 level, ICICI crosses 830 level, ONGC crosses 930 level, SBI crosses 1330 level, BHARTI crosses 860 level, RCOM crosses 610 level and the strongest scrip of these turbulent days- RPL crosses 205, then the core strength in the market will established and will be reflected in the NIFTY. The markets are moving northwards only to sail to southwards with vigour. The FII selling will be over as the stocks fall below their acquisition level. Please see the older posts in which I discussed the same.
To blow once own trumpet, I clearly suggested to invest in technology, Pharma and FMCG in my earlier posts as they could reward the investors in future. Those who invested in FMGC might have experienced the taste of down fall and the rest are still in huge profits.

Those who can venture for longterm can now start cherry picking in Telecoms and the equipment sector. The great old days of infrastructure are far from sight but the malls with cash and carry business is bright. The smaller Indian banks with insurance tag will get good support from FIIs and foreign banks. The best safe bet is always the technology now with a new name - KPO services.