Monday Market 07 May 2012 -JAMEEL AAHMED

Today’s 1^st support level is 5059, below this 5028/5027 will act as vital support.

If trade below 5028 with volume then we can see today 4978—4963.

Very very vital swing trading support is 4893 below this level 4862—4859 will act as tough support.

On Friday, banking, capital goods and realty sectors were the major under performers, while healthcare and FMCG sectors were the major out performers.Nifty to remain volatile and is likely to follow global cues. Nifty spot if manages to trade and sustain above 5110 level then some recovery can follow in the market and if it breaks and trade below 5040 then another round of panic selling can follow in the market. Please note this is just opening view  and should not be considered as the view for the whole day.

IF Rupee reaches 55 in this weekend, its sure that market is in negative trend, and all the psu stocks has almost crashed rite now for ex. sbi, pnb, all are making very low values every day,the second half is gonna be worse as european elections will change political scenarios in europe

Now some Gyan
Who do you think is your biggest enemy when it comes to successful investing? The market? The financial institutions? The much better equipped analysts or the mercurial central bankers and policy makers? If you, like most others, answered any of these, let me tell you that you are completely wrong. At least this is what a certain Mr Barton Biggs believes. And he is not one to be taken lightly. After all, not everyone can boast of the wealth of experience that he has accumulated over the last many decades. Coming back to the question, Biggs believes that one's biggest enemy while investing is one's own self.

Development of a sound investment process is only half the battle won as per Biggs. The other half is struggling with oneself and immunising oneself from the psychological effects of the swings of the markets. Not to forget career risk, pressure of benchmarks, competition and the loneliness of the long distance runner, observed Biggs. So there you have it, another investment veteran outlining the virtues of an unwavering mind in the face of extreme market volatility and a strong belief in oneself. Mr Biggs wouldn't have been more correct we believe. After all, it is not high IQ or some special insight that made Warren Buffett the successful investor that he is or made Peter Lynch one of the most successful fund managers ever. It is indeed their strong mental makeup and the tendency to not follow the crowd that made them stand out. Investors would do well to harness these