>CNXIT H&S?

IT stocks if you think they have hit the bottom

Read this with a pinch of salt
Daily chart shows a big Head & Shoulder so before you think of buying then wait for
more dips ,Also a big trigger for IT sector would be INFOSYS results.
If we go by HS target would be a fall of about 500 points more in the IT index.
Recent financial turmoil in USA too had hit IT badly as they lost many big clients.
This is my personal view you may or may not follow this :)

Of course some rise may come before fall.

Regards
Rish

DOWJONES CHANNEL

Dowjones can show some good upmove once it cuts that channel up
elese it will continue to drift down in lack of ant trigger.
Regards
Rish

LIVE NEWS

>Shorting ban???? not likely

Friends ,
We saw orchestral rises in stock markets world over in last few days.

Let me give my 2 gray bytes to this SHORTING saga.World over we saw massive onslaught by bears since a month or so with in between deep cuts ,We saw all major world indexes making new 2008 lows kind of cascading effect of American financial turmoil.
Did we see its effect on INDIA?

In my words to a lesser extent as compared to world markets.There every financial index was making newer lows every other day(They deserved it their banks were on weak foundation) ,But here back home in INDIA Banks were the one which were holding on and are near to there 2008 highs(Tried alot to figure out why they held strong one valid reason i think is they selling dollar what they bought near 39and presently near 46+).

So under such scenario asking for shorting ban is INDIA looks bit a wishful thinking. Overall with out BEARS Markets wont be good for trading :)Also the kind of fall BRICS countries faced recently INDIA is the only one which is least affected .Why UK ,Russia banned naked shorting there because it was going out of control.Also if any of you read an .pdf File from HSBC they tittled that article as
"INDIANS ARE THE LONE BULLS IN WORLD"
so asking about ban on shorting is not justified.

Regards
Rish

Do give your comments.