Mail that we sent to our paid clients in the morning.

Below is the mail that we sent to our paid members regarding market trend in short term . and as expected market crashed  today.

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venki venki  to bcc: malothuamru, bcc: sreenivasgg, bcc: Vibhavari.Madd., bcc: shohin, bcc: srinivasareddy., bcc: sureshkumar.ka., bcc: rohit.janeja, bcc: Sanghisukhla, bcc: srinivasreddy.., bcc: jatinswaroop, bcc: sohankhan.mba, bcc: krishnamohansr, bcc: y.surekhareddy, bcc: gv.girish, bcc: venkistockcalls, bcc: venkateswarave., bcc: sureshkumarj84, bcc: sampathjnani, bcc: tasnim.merchant, bcc: srinivasgv, bcc: reddy.haiu, bcc: rajeshkumar.d, bcc: nagaseshu.k, bcc: nagaseshu.kode.

show details 8:25 AM (13 hours ago)

from venki venki to bcc date Fri, Jan 7, 2011 at 8:25 AM subject Wait n Watch to determine the trend of the market. mailed-by gmail.com

hide details 8:25 AM (13 hours ago)

Hi All,

U.S Jobless claims rise  First-time filings for jobless benefits for the final week of 2010 buck the recent trend lower, coming in at 409,000, up 18,000 from revised prior week. Against high expectations for a brighter holiday season, more retailers reported shortfalls than upside surprises in December sales Thursday.

These two things are bad for the Markets, but there an eye on tomorrows US government data about job report is also important and the later announcement by barack obama will bring good news for the market. Expectations are mounting that the December job report will be strong given a flurry of positive signals this week, which is due for Friday.

  

Suddenly markets  turned bearish for very short term due to bad global cues and raising inflation in India.

We expect a good rally coming up soon. If Nifty tumbles below 6010 on a closing basis we might see  a decent correction. 

After 6070, we believe 6010 is the near term major suport for Nifty.

Today ASIAN markets started in red and in the same manner indian browses also start in red and the recovery in the markets depends on how European markets start in the afternoon.Today don't trade in the markets, wait until we get a clear picture about the market trend.

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Regards
VenkiStockCalls.

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