Bearish Scenario - Markets in corrective mode. There are 27 indices traded on NSE. Out of 27 indices, only 6 indices are trading over 100 DMA (Daily Moving average), so 21 indices are trading below 100 DMA 16 indices are trading over 200 DMA, 11 indices are trading below 200 DMA and 15 indices are trading over 500 DMA, 12 indices are trading below 500 DMA Out of NIFTY 50 stocks, only 13 stocks are trading over 100 DMA, 20 stocks are trading over 200 DMA and 26 stocks are trading over 500 DMA. 10 stocks are trading over 100 DMA, 200 DMA & 500 DMA. 19 stocks are trading below 100 DMA, 200 DMA & 500 DMA. After the correction gets over the stocks will be available at very attractive valuations. Disclaimer:“The information contained in this report is provided by Metcon Finance Ltd. in good faith and provides information and general advice only. No direct or implied recommendations are given in the material. It has been provided without taking into account your investment objectives, financial situation and particular needs. Before making a decision on the basis of any information contained in this site you need to consider, with or without the assistance of a Representative, whether the information is appropriate in light of your particular investment needs, objectives and financial circumstances. You should always obtain a relevant Product Disclosure Statement and read it. The information is derived from sources believed to be accurate and current as at the date indicated in the respective sections of this report. Neither Metcon Finance Ltd. nor any of its directors, employees or any representatives give any representation or warranty as to the reliability, accuracy or completeness of the information, nor do they accept any responsibility arising in any way (including by negligence) for errors in, or omissions from, the information. Metcon Finance Ltd. disclaims all responsibility for any loss or damage which any person may suffer from reliance on the information and material on this web site or any opinion, conclusion or recommendation in the information and material whether the loss or damage is caused by any fault or negligence on the part of Metcon Finance Ltd., its officers, employees, agents and associates or otherwise. All the data retrieved and the reports prepared by MFL are only information-based services to our clients and should not to be construed as an offer to buy or sell any securities in any jurisdiction where such offer or solicitation would be illegal.”
Posted on: Fri, 31 Jan 2014 12:22:07 +0000
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