As mentioned in my earlier post, the NIFTY wont be out of the woods till expiry date proved to be quite correct. Also I had predicted that worst is over for some stocks, that has proved to be true to a certain extent. Some of the stocks have fallen below my expectation also and frankly it doesnt make sense. To be very frank, markets at either end (top or bottom) tend to overcorrect and hence dont look to make sense at the extremes.
But that can be construed as good news also. It means that the end might not be that far away. Once the expiry is over this Thursday, I think the pressure of the series would be gone and the new series would have begun with some lighter positions and lot of shorts!!! That's actually good news, cause even if the markets are to go up a little all those shorts would run for cover and the market recovery would be nothing short of handsome!!!
Some of the stocks I have mentioned in my earlier posts E.g. Indiabulls are now looking like screaming buys. I think if money is properly invested in such stocks, there can be appreciable gains in the medium term, provided the strategies are played out well. Also another factor that can be looked at is that stocks that have not fallen that much should be the ones to take a headstart once the rally begins!!! Its time like these that one has to keep the faith and keep going on...
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