update

pharma has really fired. banks have fired today.

unitech has started moving. not a bad situation overall.

hugely bullish on bhel.

and ofcourse index. as i write it is at 6120...it is simply going to stun everyone if not allready.

equities

spx has broken on the upside of 1150 without going below 1125 inspite of repeated tries .this ofcourse is on expected lines. now a good march forward should be there as outlined before.

indian mkts, sensex should continue upwards. it gave till support today and so ideally shouldnt give much of a chance. banks have been silent for a while and should lead the next leg up as they have done before.settlement expired at just the right levels and between 6000-6100 and was one of the heaviest settlement.

oil has moved up from the time i thought it had made a low.

corrections

i got some feedback over mail that index should be shorted at this level and larger correction is due especially after some intraday selloff.

the fear of corrections is the steam of this rally,actually. at every level a trend reversal is expected based on some wave count labels.the price action is suggestive of anything but a trend reversal. corrections cannot be ruled out. however not every intraday corrective move is the onset of larger correction.

and really shorting is just not warranted at all.

settlement is near.stocks will not correct by much till then.

realty

buy dlf, unitech and sobha.look very good.

dlf heading for 390+, unitech( over short term)-100+ and sobha abt 430+.

buy bhushan steel-480+, hind zinc1170,1250+..

spx

spx maybe a little dull for a couple of days as it tries to retest 1125 and unless it is succesful in doing that, it is heading non stop to 1200+ levels.

jindal southwest

awesome move in this stock.has reached immediate technical levels.

however the stock is now heading for 2400+ levels in very short term and is buy on all dips to 2050-2100 levels.

oil and gas space

bse oil and gas index is what i think will lead the next phase.on the verge of firing all cylinders.

i have already expressed that oil has almost seen the lows and 100+(115 perhaps) tgts are achievable for crude.

nifty

nifty tgts in the short to medium term are 6700-7000.!

quite stunning the targets look at the moment.

all over the tv , net etc experts point to 6300 as the target which is a very simple technical tgt.

however at this moment the index looks much more bullish than that and given a lot of index constituents havenot fired, much higher levels are to come and simply will exceed the consensus bullish tgt of 6300.

all those who sell at 6300 levels will be forced by the market momentum to buy at higher levels , setting the trap for some correction.

euro, crude

euro looks gud for 1.375.

crude, whenever the rally comes, will head for 100+

stock review

jindal south west has fired and so has gitanjali gems.

both have much higher levels to come though.

stocks update

pharma is doing well.metals have to fire though bhushan is holding.
gitanjali has moved today.
a larger move should come once the selling of 20000 and 6000 nse levels get absorbed.

whats the worse scenario- 5650.
do i expect 5650? not at all.
there are no signs as of now. index may react and come down to 5800-5750 levels at max.

sensex

exited all longs. need to see the selling of 6000+ levels and re enter

sensex

with 6000 hit( on nifty futures) and no nervousness, and heavy weights being put to work,stock moves will continue.

really like bpcl-855, icici bank-1190,jindal southwest-1965,2050; tatamotors-1150+,

hindalco-200+.

corrections will be good buys.

spx

a violent upmove is entirely possible today since after yesterdays move it should be hard for spx to give.

stocks

hugely bullish on petronet,pharma,bhushan steel, jsw steel,gitanjali gems,ispat.

still watching reliance.

caution

caution . most are assuming 6000+ will be hit now.
i think otherwise.

sensex

19500 is here.very close to 20000 tgt levels of the bullish scenario outlined before.

like is the habit of sensex it will make everyone nervous before hitting 20k.

sensex

19500 is here.very close to 20000 tgt levels of the bullish scenario outlined before.

like is the habit of sensex it will make everyone nervous before hitting 20k.

quote

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