i Develop Stocks Advisory

Nerve before the event..... Markets were very nerve just before the event. The nervousness showed today in the form of high volatility. Markets were moving both ways and were range bound barring couple of hours at the close were fresh long and short covering was noticed amid the Fed event but at the end of it profit booking took its toll on the market. Since the outcome of the Fed meet is just round the corner with an expectation of 100bps rate cut it is interesting to see how the market reacts. We would talk about the upside after we see how the markets react to the Fed outcome tomorrow. As far as downside is concerned it seems as if the bottom is either very close or we are at the bottom and hence it would be a good time to buy now. Although the word bottom is a bit vague word as for ex. If a further bad news appears on the time horizon the markets might have a further downside risk. But for now it seems as if the market should start consolidating from April as there are only 5 trading days left in this vallan. Today’s robust advance tax numbers speak for them self about our economic condition and hence we need not worry about what people say. Just invest and hold for 1 year and believe me you would not regret. "An acre of performance is worth a whole world of promise."