Important
note for Indian stock traders and investors 8th November 2012. Note
that 7th november U.S. Stock Markets plunge after election.
Investors are dumping stocks as they turn their focus to a world of
problems now that the US Presidential election is over – Tax
increase and spending cuts that could stall the nation’s (United
States) recovery and a deepening recession in Europe. Note that
President Obama’s victory is not something that wall Street will
cheer a lot about. On 8th November opening bell Indian Stock Markets
may correct deeply mainly because of negative Global cues, but the
Indian Stock Market is performing on its own merit & own
technical. For the Domestic Market to ride further, of course, We
need more from the Indian parliament and the Government but
definitely the strength of the Indian Stock Market remains for the
time being & Nifty may touch 5800-6000 by Diwali 2012.
