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GalaTime
A blog about Indian Capital Markets, by Kaushik Gala |
GalaTime Portfolios (Virtual Portfolio Management, Rs 500,000 /-) 
(GalaTime in Gujarati) |
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Dow, Nasdaq, S&P down another 5%. CBOE VIX spends another day above 50. Breadth abysmal. T2108 at 20-year lows. News flow horrible. Technical indicators beyond oversold. Volatility reigns supreme.
Looks like another 4%+ down for Indian indices today. That would mean Nifty at 3500, Sensex at 11300. Wow!
Buyers on strike. Sellers on drugs. Investors finding value (traps) left & right.
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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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