Sensex at all-time high

Sensex is making history, and I am glad it is happening right in front of my eyes. Last week Sensex had reached an all-time high of 19249.26, crossing its previous high of 19,199.
Capital Goods, Metals and Banks lead the rally.
L&T and SBI were the major gainers, rising more than 6% and Indian economy looks forward to breach more frontiers !!!!

Nifty down 10% :(

The markets have hit down circuit as Nifty is down 10% on quarterly closing.

The markets have been shut for one hour and will re-open at 10.55 a.m.

Following are the circuit filters for the current market:
Halt in trading for 1 hour in case of 10% move before 1 pm
Halt in trading for 30 mins in case of 10% move between 1-2.30 pm
No trading halt in case 10% move happens after 2.30 pm
Halt in trading for 2 hours in case of 15% move before 1 pm
Halt in trading for 1 hour in case of 15% move between 1-2 pm
Halt in trading for remainder of day in case of 15% move on or after 2 pm
Halt in trading for remainder of day in case of 20% move at any time

Meanwhile, SEBI will issue clarification on derivative rollover soon.

Sensex & Nifty Soar to New High

If anyone is into stocks - you would know what it means for the new high that Sensex and is making these days. It is an amazing Bull run :) and I am not complaining since my 20K investment 3 months back is almost close to 45K in value.

It's a dream run, and talks well about the environment in the country. Despite political instability, regular attack on our democracy (latest blast has witnessed loss of 12 lives - in a theater ... why do people do something like this... ) and multiple issues faced by the country, at least investments in the market indicate that India is on the right path and making rapid progress to instill confidence, and all indications for a good economy. Things are not THAT bad afterall...

I get tips from a very good friend - who is a Technical Analyst Mr. M. B. Singh A regular guest on most of the business channels on television. My source and reason for making this quantum doubling of investment is purely due to his guidance and tips... Thanks Bhanu :)

The best deal with these analysts is the profound words of wisdom they have for old and new traders -- The best I like is "When in doubt, Stay Out" It can't be better than that under any circumstance. Unless if you are a cash loaded born baron with nothing to worry about; else there is no difference between a gambler and a trader. More Risks, more gains, and word of caution .. No gain and all pain if you don't know what you are going to to and how market is going to take away all your hard earned money in a single shot... Rather scary... so I let the professional take over, share commission, and make a decent return, which is always more than what I get from a normal fixed deposit or bank investment.

Keeping my fingers crossed to witness more rapid movement of the markets, and who knows, 20K could yield 60K in no time .. should markets continue to run with same steam.

Bears Beware, Bulls are on rampage.

Until next time, Adios,
GS