Hi H A M, GE...... It was your day! How do you see nifty's downtrend ? upto 5550 ?

Floods, Power Cuts Hit New York as Sandy Slams into Eastern US::
Superstorm Sandy slammed into the U.S. east coast on Tuesday and hurled a record 14-foot surge of seawater at New York City, flooding the financial district, bringing transport to a standstill and putting the presidential campaign on hold a week before election day. A huge fire also ripped through Breezy Point in the borough of Queens in New York City destroying 50 homes in one of the city's most remote neighborhoods.
The neighborhood had been extensively flooded by Sandy's record storm surge, and firefighters were hampered in their efforts to bring the blaze under control, a spokesman for the New York Fire Department said.
President Barack Obama signed a declaration of emergency for the state of New York making federal funding available to affected individuals in the counties of Bronx, Kings, Nassau, New York, Richmond, Suffolk and Queens, the statement said.
Meanwhile, Reuters reported that 7 million people were left without electrical power by the storm, which crashed ashore late on Monday near the gambling resort of Atlantic City, New Jersey. At least 13 deaths were blamed on the storm, according to the Associated Press, while more than 1 million people across a dozen states were ordered to evacuate.
The record storm surge prompted Exelon Corp to declare an "alert" at its New Jersey Oyster Creek nuclear power plant, while stock markets in New York were set to be closed on Tuesday for a second day - the first time the stock exchange has been shut since the September 11, 2001 attacks.
The storm brought a record surge of almost 14 feet (4.2 meters) to downtown Manhattan, well above the previous record of 10 feet (3 meters) during Hurricane Donna in 1960, the National Weather Service said.

BOJ Boosts Stimulus for Sagging Economy, Markets Unimpressed::
The Bank of Japan boosted its monetary stimulus for the second month in a row on Tuesday in response to intense political pressure for action and mounting evidence that the world's third-largest economy was on the cusp of recession.
In a well-flagged move, the central bank topped up its asset buying and lending program, its main monetary easing tool, by 11 trillion yen ($138 billion) to 91 trillion, broadly in line with what markets had factored in.
As widely expected, the BOJ cut its growth forecasts in a semi-annual review and projected that consumer inflation will only reach 0.8 percent in the year to March 2015 which still far exceeds private-sector estimates of near-zero growth. Many analysts agree with the BOJ that simply flooding cash to markets already awash with excess fund will have little direct effect of stimulating the economy.
Bank lending rose just 1 percent in the year to September even as the BOJ pumped more than 60 trillion yen so far via its asset buying and lending program, as companies remain reluctant to borrow for investment due to the murky outlook.

Hi Priyanka, Yes, Can go short with SL at 5620. I'm myself holding part of my shorts in Nifty shorted at 5645 levels with trailing SL at 5620.

Hi H A M, Good Evening :)

Hi SR, Forgot to wish u,

Hearty CONGRATULATIONS for ur brand new site.

Wish u best of luck.......:),

Hi SR, r u there ? Sorry, I was away. Many many thanks. After getting your comment, I'm very much relieved. Thank you dear SR, thank you CB, thank you Robotguy... Thanks to all of you.

Hi H A M, Thanks for your guidence.I was expecting this (breaking of strong support @5630) after closely watching FII activities.
Today, I could not trade today.I had to leave to my farm in very heavy rain to supervise some precautionary works being done in my farm (to counter the coming cyclone in TN and Andhra)

hello.. is this the right time to buy physical gold..by how much will it increase in the future holding period is 1-2 years from now !! please advise

HI SR, GE.

BEST WISHES for ur brand new site