Jan Dhan se Jan Suraksha

Hi All,

Please see the details for

Life Insurance worth Rs. 2Lac at Rs. 330/month

Accident Insurance worth Rs. 2Lac at Rs. 12/Year

Minimum Investments, maximum benefits - Fixed Monthly Pension Of Rs. 1k - 5k as per contributions....

http://www.jansuraksha.gov.in/

Cheers 

Hrishi

Markets at a crucial juncture....

Hi All,

Markets have been trading with weird swings in past 4-5 days and are now trading near a crucial supports of 8140-8150..... Breaking this level on closing basis may trigger more downside till 8060-7950..... 8000 mark can also act as a psychological support.

Probable Reasons for downfall -

• Yemen’s Shiite Houthi rebels attacked the Saudi Arabian city of Najran 
• A breakout in Crude oill possibly suggesting more upside
• Reason for today's sell off.. around 20-25 lac Nifty futures have been sold within 10 minutes
• Other reason can be upcoming Chinese IPOs where the funds would have moved to
• Policy announcements with regards to Land Aquisition Bill, Delayed GST and MAT issues for FIIs., etc.

What to expect - 

For Traders - A close below 8150-8140 can trigger further sell off till 8000 and then may be till 7960-7800 levels in short to mid term as well.

If the markets have to create a short term bottom without breaking these recent supports there has to be a sharp bounce back may be today or max by this week, else gates for more downside are wide open.

Traders are advised to be very very cautious and trade with strict stop loss and lesser leverage.

For Investors - 

Just one thing....When everyone is greedy  be cautious, and when everyone is cautious be greedy.....

Markets have corrected by more than 10% from the all time highs of 9100+ levels, which everyone was waiting for, investors should grab this opportunity to buy quality stocks at low prices...

Bottomline.... Traders wait an watch, trade with confirmations and with strict stop loss and investors..... Grab the opportunity....

Cheers

Hrishi