RUPEE SLIDE WILL NOT STOP TILL THE GOVERNMENT STOP KIDDING. ..
By Aksctc on Aug 20, 2013 at 08:38 AM
RUPEE SLIDE WILL NOT STOP TILL THE GOVERNMENT STOP KIDDING.
My dear Investors our Government is the sole and only one responsible for the current situation. Rupee was at 58-59, and then come all the wrong measures from the Government and RBI. The result rupee was crashed near 64.
The biggest joke of the 2013 is that yesterday Government banned duty free import of TV panels to check the rupee. Do you believe this could check the CAD of a country like India? Well no person with a right mind on his shoulder can even think of it. Rest is self explanatory.
Well today our trading strategy will be same.The best possible strategy is to stay away and take your family to a morning or noon show of a movie or a rain hide out, revitalize your energy to return back TOMORROW. The adventurous investors should use this opportunity to buy selected stocks in midcap space today available in discount sale, keep your stop-loss handy and do not trade in future. Remember there will be sharp volatile both way move today. Market recovery depends on fate QE3 sector. Till then keep your finger crossed. If you can able to pick the right stock at right price and the most important exit at right time, today is your day.
The following are the cues to help you in trade today.
DOW FUTURE AT 8 AM + 30
LONDON FUTURE 19
SGX NIFTY AT 5342
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