Market tanked when nobody wanted it to tank. This is what Cni had
predicted. No doubt 2 stop losses hit making us to exit on stop losses
because of the short calls. We are still a strong bull side site and
certainly believe all is not yet over. BILT and GTL Infra are set to
explode like TVS, Voltas and DCHL all of these stocks have doubled and
were cni first research calls. See what happens in these 2 stocks
apart from ABAN, Ranbaxy and Wockhard. In fact, the old story has
started. I have seen some broking houses buying Ranbaxy issuing sell
Ranbaxy reports. This had earlier happened in RIL, SBI and all these
stocks doubled. Now it is turn of Ranbaxy.
Market was heavily overbought and tips were coming from nook and
corner and therefore some meaningful correction was required and 3580
was ideally the best point. The moment we gave sell call market
started giving up.
At the same time it should not be brushed aside that market has moved
up beyond 200 DMA with considerable force and volumes which is not
easy cake for bears to crack. U S market and <?xml:namespace prefix =
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firing whereas OIL is set to touch 60 USD early next week from where
it can correct back to 50 levels before starting its march.
The next tipping point of the market is 18Th June which is still one
week away. Even though the results will be out on 16TH May there is no
trading and market will open only on Monday. If BJP or UPA either of
the party makes sizable gains and indicate making Govt without much
hassles, market may not even shy to hit upper circuit which never
happened in the history so far.
At the same time, market may tank by max of 1000 odd points post dirty
triangle of hung parliament which indicate an unwarranted element
could become instrumental in Govt.
Therefore the odds are in favour of bulls whereas market is carrying
huge short positions and run away TEJI can start only on certainly.
What all this mean for investors.? Avoid A gr trading for next 2 weeks
and stay invested in delivery stocks. Buy any quality stocks even if
market has to correct by 1000 odd points. Market is unlikely to break
200 DMA. But after this correction, market is set to travel towards
14500 and then 21000 next year. Please understand that we are not in
bear rally. The bull market has started and every bull market starts
with bear rally.
Shamaji and Annaji have already made you bankrupt by asking sell your
shares like RIL at 900 and wait for 600 and so on which never
happened. Now at least come out of their shadow and become graduated
investors. JAGO GRAHAK JAGO