Market encounterd

Market encounterd so many bad news.IIP Data is not upto the mark at all. USD at its 3 years low Vs JPY. Fundamentals had changed overnight. Crude Oil traded at its Life time High above 110$. It seems that Indian and all world Markets is going to move into recession period For Short Term to Medium Term.

We are advising to Exit all longs, Deliveries, Investments, MFs, ULIPs and any other if you have.Wait for a right time to invest.Our Nifty Medium Term Target is still intact at 3650 ; Further we can see some upside in Short Term with a high voletility. Trade in Frontline Stocks even dont trade into Secondline or Midcap Stocks.

Market seems to have only Technical Bounces in Short Term as it shrinking its Trading Range Everytime while making a Triangle. We are advising to just change the strategy of Trading instead of "Buying at Support" just "Sell on Resistance".

In Future we can see Rise in Infliation, Indian Political and Geopolitical Disbalance, INR Voletility, Export Growth and Economic Slowdown in