Dear all, We posted the below emregency alert on Aug 14th ,2013 . To our subscribers we mentioned that not only the USDINR is going to play vital role in deciding market trend however the NSEL issue will also be given important . Currently ,the Mumbai High court issued notice to NSEL to reply statement in 4weeks time , Investors are on road today for demanding their money . If we look at our economy GDP, inflation , currency , and Major current account deficit all are in worst scenerio . Mr Raghu is trying to make good step towards currency however other things remains on our gov how they react . At any point after all these scenerio we may not see market would rally much . We apprecaite your view and comments below Emergency Alert : Posted on Aug 14th 2013. NSEL issue seems creating more hype , stock market investor do not treat this as a small issue , the amount which is strucked into the exchange is huge . The past history reflect what happened after such huge impacts Harshad Mehta triggered a trend in the stock market before his scam, worth Rs. 4000 crore, was exposed in 1992. Satyam Computers Chief B. Ramalinga Raju misappropriated books and inflated figures which led to a scam that suffered a loss of Rs 8000 crore in 2008. Now, NSEL 6000cr , problem is not resolved yet after 15 days of time by Jignesh shah.no proper commitment to the investors . Hence trade Cautious . WiseDemand PMS
Posted on: Thu, 05 Sep 2013 08:13:52 +0000
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