Market View - 5th Nov 2015

You can see that from the time i had mentioned selling at Nifty around 8300 range,
market has failed to move up and started falling and now around 8000 is a temporary
support.

The Support at 8000 can temporarily support but may not be able to hold for long time.
It has already given a bounce one time and tried crossing 8100 but could not sustain.
This may repeat again and probably it may cross 8100 and give a feeling that now it
will start moving up again but this series would see lower levels.

So do not get trapped at any buying. This series would be sell on Rallies. Whenever
market would try to move up and fail, you would get very good shorting opportunity.

We can see levels of 7800 in this series and if it fails to hold, we may see more
blood bath. So hold on with cash for any buying. Once it sustains, there is definitely
a good opportunity to buy for long term perspective.

Banks have almost consolidated for a long time and now after the correction, it would
be best time to invest with them. 

Market View - 21st October 2015

Till now market has been positive, but now it is loosing steam.

There is gap at 8320 and nearby that it has taken resistance. The option data
suggest that for this month, we may see market in the range between
8000-8300.

So now it is better to be on the selling side. So book all profits and wait for
the dip to buy.

Sell Nifty Futures @ 8250-8260
SL 8320
Target 8180, 8130

Duration - 2 to 3 days

Market View 9th Sep - 9:30 am

Looking at the way now the options data is emerging, market is headed
for a big movement on the upside.

You can see that I have been recommending to buy as the downside is
limited. Now the major reason for the big fall (Bank Nifty) will take
lead and you can see big movement on the upside.

Keep buying on all dips and see the market moving towards 8000-8200
in the coming days.

Market View 7th September 2015

Market is still not stable and not able to hold and support. We need to wait
for right opportunity for trade. But for all investors, this is right time to
keep buying at lower levels with atleast 2-3 year horizon and you could
expect huge rewards over period of time.

Now the entire concentration of options have shifted from 7800 to 7500,
suggesting that the downside is still there.

Market View 2nd September 2015

Market now looks very attractive and this is a place you should start
buying. Panic in the market has ensured all weak players are away
and smart money will start buying at this level.

Looking at option data, the maximum downside is around 50 points
and now the series can see a good price wise movement towards
8200-8300 in the coming days.

Buy on every dip and we should start seeing market moving back
to its earlier ranges of 8300-8500 once the initial hurdles of 8100
is taken away.

Market View - 27th Aug 2015

As I had explained earlier, market has fallen deeply and now most of us are afraid of the
market and there is panic in the mind of people and here we can get best deals for the stocks.

There is not much downside in the market and when market re-test its previous low, it will
be best place to buy and we will see a big upside movement in the market. So keep your
cash ready for buying and you will see that it is the best investment opportunity for this
year.

Market View - 24th August 2015

On Friday, USA and Europe markets have cracked huge and it generates worry.

Now since expiry is nearby and we are around the supports, market may give
some bounce. But the volatility may exist for quite some time. It is better to
avoid buying in the market and exit all longs on the bounce.

Buying is advised only after market settles down as we see more cracks in the
market in the next series looking at USA market crackdown and major worry
is from the Shanghai market which has cracked very badly.

Out of all the other markets, India is still better and has not lost much compared
to all other markets. After market settles down, it will provide excellent opportunity
to buy again. But till then avoid buying.

Long term investors need to look for buying opportunity at all corrections around
7800-8000 in good quality companies.

Market View - 13th August 2015 - Before Market - 8:15 am

As you could see that from the levels mentioned, market has slipped drastically.

Now we are in oversold territory and yesterday put writing started in 8300 levels.
This would restrict the maximum downside to 8250.

So today in the first one hour if market moves down, it is an opportunity to exit
all short positions and take a fresh buying around 8300 after recovery.

Now market looks fairly valued and market should start moving now towards 8800
levels. In the coming days you would see big rally in the market, get ready to buy
at lower levels.

Market View - 9th August 2015

You can see after the RBI policy, market fell drastically and later recovered
but still it is not able to cross the hurdle.

Looking at the pattern, market is still range bound, bulls might have made
some progress of moving the range from 8300-8500 to 8300-8600.

We are in the upper part of the band and it is difficult to sustain at higher
levels until there is any good positive news.

Since the parliament session is completely washed out, there is hardly any
good news that we could expect from there. Results have been mixed and
hence there could not be anything great expected from there also.

Finally, Rajan has also maintained a pause on the rate cut, so there are hardly
any possibility of good news, until we get a surprise from somewhere else.

Banking sector is now facing good resistance at 19000-19200 level. Until this
level is breached with good volumes, we may not be able to see any
sizeable movement in the index.

We can look for shorting opportunities in the PSU banking stocks as they
are in highly overbought zone and they have started showing cracks.

Market View - 4th Aug 2015 - 10:45 am - Before RBI Policy

Market is showing stiff resistance @ 8550 levels and Bank Nifty is also
failing to cross 19000 levels.

Market can correct back to 8300-8200 levels in the coming days,

Sell at current levels with 10 points above days high as stop loss.

Sell Nifty @ 8530-8550
SL 8585
Target 8420, 8350, 8280, 8250

Sell Bank Nifty @ 18930-18950
SL 19030
Target 18700, 18500, 18300, 18000

Market View - 28th July 2015

Market has broken important support of 8500 and has closed below this.

If you see market is in a range of 8300-8500 and we may again see this
continuing to trade in the same way.

8200-8300 will be support now and until market closes above 8500,
the weakness may persist.

Market View - 17th July 2015

As you can see market has clearly shown its strength and broken all the resistances.

I have been recommending buying from 8000 level onwards and all analysts have
been talking about it now.

Market is very strong and will continue to keep moving higher and higher.

100-200 points of correction may come anytime but market will move towards
9000 in this series or next month series and would make new highs.

Immediately 8500 will act as strong support. So any minor dips you get should
also be used for buying only.

Market View - 6th July 2015 - 1:10 pm

Market has shown its resilience and clearly that it is not getting
affected by Greek referendum. All the fears about Greece may
not affect indian markets. Book loss in shorts and go long.

Our earlier prediction of 9000 for nifty holds good.

Market View - 6th July 2015 - 10:15 am

As i had mentioned in the morning, market has started showing weakness.

Now we can go short @ 8420-8430
SL 8500
Target 8300, 8200, 8100
Duration - 3 days

If market does not make new low on closing on any of the days, that would
be end of correction and market will again bounce back with great momentum.

So hold cash on hand and buy at lower levels. This series is going to make
lot of money for long traders.

Market View - 6th July 2015 - 9am

Market is at a crucial level and the Greek referendum has received "NO" Vote.

This means Greece may exit Euro zone which can bring volatility in the market.
It is better to go with strict stop loss for all long positions and try to book profits
and exit.

If market closes negative today, then we may see some correction which would
be opportunity to buy.

So short term traders need to be careful with their long positions and if market
fails to move higher, we can look for shorting opportunities.

Market Update 2nd July 2015

As informed earlier, market has clearly shown that the correction is over and
now any dip you get would be an opportunity to Buy.

Banks will lead the entire rally and this is time to build portfolio in banking
stocks. There would be considerable amount of upside in the coming days.

Market would continue to rally once it breaks 8500 as a very important
formation called 'Inverse Head and Shoulder' is formed. The target for
this pattern would come around 9000 for Nifty.

And Bank Nifty has formed pattern called 'Cup and Handle' for which
the target is 20000.

So any dip should be opportunity to go long. Hold the stocks or Nifty
future with a perspective of a month or more and invest. The returns
would be fabulous.

Stop loss for the trade should be kept at 8380 for Nifty and 18350 for
Bank Nifty on closing basis. 

Market Update - 1st July 2015 - 9:45 am

The market has started moving up and has shown that the fall was just
a false breakout as the Greece default was already known to the market
and it has digested it.

Now the market is hoping that the bailout plan would be signed on 5th
July and now it has started anticipating and rallying for the same.

8450-8500 is a strong resistance. If it is broken with volumes, market
can move towards 8700.

ICICI Bank Update

ICICI Bank achieved our target and even went below that.

It was one of the top loser of Nifty yesterday.

Market Update - 30th June 2015

As you can see, within one day our target was achieved and option traders have
doubled their income.

The volatility has increased and there are some positive divergence on the charts.
This means that whatever bottom is formed, it would be a great opportunity to go
aggressively long as market may bounce back very strong.

But for the time being market is still weak and market has potential to retest 8000
and maybe go below that also.

Be on short side as traders but sell only on rallies. Do not sell low, you would get
stuck and volatility would trigger stop losses.

Sell ICICI Bank

Sell ICICI Bank @ 308-310
SL 315
Target 305, 300, 295

Market View - 26th June 2015 - 11 am

Market had rallied from the point we have recommended at 7950 onwards and
made high of 8423 till now. At this level, market is facing stiff resistance and
the strength of bulls is coming down.

Yesterday our calls triggered stop loss and it clearly shows the strength of bears
at these levels.

It is better to book profits at this level and look for shorting opportunity.

Sell Nifty @ 8390-8400
SL 8450
Target 8300, 8250

Sell Bank Nifty @ 18330-18350
SL 18500
Target 18100, 17950

If market falls below this, then market may retest its previous lows or maybe
fall even below them. Keep watching the blog to get latest updates

Market Update - 24th June 2015

As you can see, the exact bottom was predicted by me on 15th June and yesterday
market has also confirmed its reversal. Now immediate resistance is at 8450-8500
which looks likely to be taken off with the strength of the bulls now.

Market could now move towards 8750-8800 in the coming days once 8500 is broken
with good volumes. Looking at the current trend, market looks to give good money
for all call buyers and put writers.

Buy 8400 call @ 30-31 with sl 22, for target of 50, 60 by tomorrow.

Market Update - After Market - 15th June

Market has taken support and is looking quite strong now.

It has also shown early signs of reversal. Now if market holds
8000 and closes above 8200 for 2 days, then market has reversed.

Option data had highest open interest at 8000 from the beginning
of the month and it seems that Put writers have shown their
confidence and are defending the level with full force.

Now as long as this holds, market for the next 2-3 days should
test 8200 and may be sustain. Now the important levels
to be watched are 8250-8280. Hopefully we should see them by
this weekend.

Now 8000 call option is trading at Rs.90/-.You can buy with
stop loss below 65 and in the next 2-3 days, we could see levels
of Rs.150-180/-

Market View - 15th June 2015 - 9:20 am

Market has taken support at important gap around 7930. Now since it is
holding, market can easily move upto 8100-8200.

You can buy for trading opportunity.

SL is @ 7920

and Target is 8100-8200

Market View - 3rd June 215

As you can see that market did give upmove and exactly at our levels of 8450
and now has broken 8300 levels and it now opens up levels of 8150, 8050 and
may be even below 8000 in the coming days.

Trend is clearly down and now market may become more choppy and hence
do not be brave and buy. Let market settle down.

Market View - 26th May 2015 - 12 pm

Market has strong resistance around 8450-8500, market is not able to move
beyond it and selling pressure is increasing at this place

For time being 8300 is acting as good support. But looking at the way the
market is behaving, it it better to avoid any longs.

On intraday today, market may move high, but this is opportunity to exit all
long positions and hold with cash

Commodity Market View - Gold, Silver, Crude Oil - 18th May 2015

Gold, Silver and Crude Oil - all are at the levels from where they could correct.

Selling levels for Gold - 27,450-27,500

Selling levels for Silver - 39,500-40,000

Selling levels for Crude Oil - 39,000-40,000

Keep selling at all higher levels. If Gold breaks 25,000, then we could see huge
selling in the coming days.

Same is the case with Silver around 32,500

And Crude can retest its previous lows.

If Gold breaches 25,000, then Stock markets will hit historic highs

Market View - 18th May 2015

Market has been consolidating from last one week in tight range. There
is Inverted Head and Shoulder (yet to complete) pattern getting emerged.
The confirmation for the same is after 8350 on the Nifty.

Now if market holds 8200 and starts moving above 8300, keep stop loss
@ 8180 on closing basis and go long. If the market moves up from here,
it can move towards 8600-8700.

Buy Idea @ 171-173

Buy Idea @ 171-173
SL 169
Target 178, 185
Duration - 2 to 3 days

Market View - 15th May 2015

Market has taken support @ 8000 as i had said in my earlier post
and now showing some strength.

Bulls are trying hard to pull the index. 8000-8100 is acting as
strong support and now the immediate hurdle is at 8300-8350.

Now market needs to close above 8350 for 2 days to confirm
its strength. Till then, the volatility may continue like what
you are experiencing from past 2-3 days.

Market View - 7th May 2015

Market has been constantly breaking all supports and should soon touch our
targets of 8000 in the coming days. Hold shorts with SL @ 8180

Market Update - 21st April 2015 - 11:30am

Market fell below our support levels and now it is getting worse.

Wait for market to settle and do not be brave to buy anything, market can move towards
8000-7800 in the coming days

Market Update - 20th April 12:30pm

Market has started taking support @ 8530. This is ideal place to cover
any short positions if anyone have and take long positions and sit tight
with all the long positions as market will head towards making new
highs either in this series or next series.

Banks have been supporting and market can move higher only with help
of banks and now you would see that happening.

Buy 8700 or 8800 call option and hold till expiry

Market View 20th April 2015

Market took resistance @ 8850 and have been correcting, but this is just
a short term correction and the buying will start again.

Nifty has strong support @ 8550-8600. This is an opportunity to buy and
hold long positions tightly.

Market should resume its upmove in the next 1-2 days. This series is for
buying on every dip and all correction needs to be used for buying only.

Market View - 10th April 2015

As mentioned earlier, market is looking strong. The strength is increasing
now Banks have started supporting.

Next important resistance for Nifty is @ 8850 and Bank Nifty @ 19350

Market View - 8th April 2015

Market has shown its resilience. The momentum looks quite strong
and all dips should be used to accumulate good stocks.

Banks have no more negative news left out and now they should start
supporting the market. Just after RBI has kept its stand that it wont
cut rates until banks do, already SBI and HDFC bank have announced
the base rate cut.

We may be able to see a surprise CRR or Repo rate cut in the coming
week, so hold Nifty and Bank Nifty with Sl below 8550. 

TCS Update

TCS has achieved all our targets. It has resistance around 2630.
Once it is crossed, it can move higher.

All short term traders can look for booking profits

Buy TCS @ 2530-2535

Buy TCS @ 2530-2535
SL 2515
Target 2550, 2580, 2600
Duration - 1 week

Market View - 7th April

Market can open up positive and may stay positive till 11am in the
anticipation of rate cut.

Nifty has strong resistance around 8750-8780 levels.

Bank Nifty needs to trade above 19000 levels if there are any rate cut
happening. Overall market has discounted that there will not be any rate cut
and hence after the announcement is over, if market corrects and form a base,
look for opportunity to buy.

IT sector will be good place to start investing. Look for opportunity to Buy
in TCS, Infosys, HCL Tech

Apollo Tyres - Achieved All Targets

You can see now that Apollo Tyres have achieved all our targets

Now stay away from the counter as it may either consolidate or
correct from the current levels.

Market Update - 6th April - 1:45pm

Market has taken support at important level and now ready to move higher.

It can test 8700-8750. These are resistance area, need to look for booking
profits at these levels.

Market Update - 6th April 2015 - 9:40 am

The Nifty Future premiums have come down drastically suggesting that
the short covering rally has lost its steam.

Now any sharp upmove should be used to move out of all long positions.
Market may correct and retest 8500-8400 levels.

You can go short on Nifty with stop loss above 8700 (closing basis).

Market View - 6th April 2015

Market has holiday till 5th April.

On Friday, USA market would declare non-farm payroll data which
can give some trigger for the market and Tuesday, we have RBI
policy meet.

Market may give some correction if on Tuesday, we see no rate cut.
But the correction would be good opportunity to Buy.

Right now support for the market is around 8350 and resistance
would come around 8700-8750.

Yes Bank Update - 4% up

Yes Bank has also broken from the range and has surpassed
our target of 830 and closed around 850 levels.

In the coming days, it can even test 880-900.

Apollo Tyres Update - 4% up

You can see that Apollo Tyres has given a strong upmove
and closed with more than 4% up.

The momentum can continue further to take it towards 180

Buy Apollo Tyres @ 165-167

Buy Apollo Tyres @ 165-167
SL 163
Target 171, 175, 180
Duration - 3 days

Market View - 1st April 2015

Market may remain in range from 8400-8600. Volatility may exist
as market may try to consolidate and form base.

Though market seems to have completed the correction.

It is better to stay long in selected stocks.

Market View - 31st March 2015

Market has been able to take support and comfortably moved
towards 8500. With the global market supporting, market can
now move towards 8600 where it has major resistance.

It is better to book profits around the level and wait for market
to comfortably stabilize at these levels. If we get any correction,
that would be a good opportunity for Buying.

Yes Bank Update

Yes Bank has moved above 1st target and nearby
2nd target.

If the price holds, it can reach further highs

Nifty Update - 30th March - 12pm

Market looks to have formed the bottom and has now moved above 8400
and trying to hold. We can see rally towards 8500-8600.

8400 put has highest open interest and 8600 call has highest open interest.

Now as per this data, market seems to have formed bottom and we should
see market moving up from here.

Even if market correct, that would be opportunity to buy.

Acc Update - 2% down

ACC achieved 1st target and also went nearby
to 2nd target.

Now it may take support. Since market has reversed,
it is better to get out of all short positions

Buy Yes Bank @ 803-805

Buy Yes Bank @ 803-805
SL 799
Target 815, 830
Duration - 3 days

Market View - 30th March 2015

Market has made a sizable correction and now might enter
consolidation. Short traders need to start taking profit at any
decline and be ready for the base formation.

Market downside is now limited. Maximum market could
go towards 8200.

Bank Nifty has shown early reversal sign and now we may
look at opportunity to buy on every dip.

April series would be Buy on Dips series and you may see
market recovering the entire correction and may make new
Highs too.

Keep all your cash ready to buy good quality stocks on dips.

Sell ACC @ 1585-1590

Sell ACC @ 1585-1590
SL 1603
Target 1550, 1530
Durtation - 3 days

Market View - 27th March 2015

Most of my targets have achieved and market is still on the downside.

Now the immediate support would come around 8200.

Looking at the April Option data, hopefully this support should hold.

All long term and medium term investors need to start investing as the
downside looks limited from here.

Market View - 24th March 2015

Market has broken 8600 and has been trading below that. There
are low of unwinding of puts made at this levels showing that
market may be headed towards lower levels.

We might see market moving towards 8500-8400 levels in the
coming days.

You could hold taking any long positions until base building
happens. We may see further downside in the coming days.

Market View - 17th March 2015

Market looks to take support @ 8600.

US Markets and Europe markets have started rallying and this may open up
higher levels.

Market is eagerly waiting for FED comments. This Wednesday, we could see
whether they give any signal about rate hike.

Petronet Update

Petronet has tested our 1st and 2nd target and has
broken important support of 174, now we could
see further selling in the coming days

Sell IOB @ 44-45

Sell IOB @ 44-45
SL 47
Target - 42, 40, 38
Duration - 3 days

Market View - 16th March 2015

Market has broken the support of 8700 and now market can test 8500

The downside in the market is around 200 -250 maximum.

All short term traders can hold shorts but medium term and long term
traders should use the correction to buy good quality stocks and hold.

Though there is temporary correction, we should see bottom formation
soon and we can see the buying interest coming back.

Market View - 13th March

As mentioned in my earlier post, 8700 has taken support and now
as long as it moves above 8750 market will move towards 8850.

Now if market sustains 8850, then we could see further recovery.

Insurance Bill has been passed in Rajya Sabha.

USA market has started taking support and started its movement
upwards.

News are supportive and now as long as there is no more negative
news, we should see the buying coming back.

Sell Petronet @ 178-180

Sell Petronet LNG @ 178-180
SL 182
Target - 176, 174, 170, 165

Duration - 1 to 3 days

HUL Update - 11th March 2015

HUL has almost nearby to the 1st target and will likely
reach it tomorrow and move forward towards the second
target also in the coming days.

Market View - 12th March 2015

Market seems to try its best to hold 8700, but facing a lot of volatility.

The downside risk her is not much. When market correct now, it would
provide opportunity to Buy.

The market might face challenge in holding the level and face some more
selling pressure.

It is better to be with stock specific opportunities.

Market Update - 11th March 2015 - 9 am

Market has strong support @ 8700. Yesterday it got broken on intraday
but closed above it. Now we need to wait and watch.

8700 on Nifty and 19000 on Bank Nifty needs to hold for the market
to recover. If it fails, it opens up levels of 8500 on Nifty and 18500 on
Bank Nifty.

After big sell off in USA market yesterday, asian markets are not very
nervous and opening of Nifty is looking positive.

Wait for confirmation. Do not take any position in hurry.

Buy Hind Unilever @ 960-965

Buy Hind Unilever @ 960-965
SL 945
Target - 980, 1000

Duration - 3-5 days

HDFC Update

Since the market opened low and continued weakness, you can
see that my stop loss level was reached in the beginning of the
day.

So avoid it for the time being.

Market Update - 9th March - 11am

From the start of the day, market is acting weak and it has taken support
at 8800, but it looks like today it may not hold. We may see market
moving towards 8750-8700.

Now it needs to sustain this level, else we can see levels of 8500 in the
coming days.

Buy HDFC @ 1380-1385

Tomorrow, if you get HDFC @ 1380-1385, you can Buy.

Buy HDFC @ 1380-1385
SL - 1370 (closing basis)
Target 1405, 1420, 1430

Duration - 3 to 5 days

If you hold this for 1-3 months, you could get target of
1450-1500.

Market View - 9th March 2015

You could see that market made low of 8849.35, which
is the level i had suggested for stop loss (8850).

Now since we are at the support, it is ideal to look for
opportunity to Buy.

Market would remain sideway for some time. The lower
band would be around 8800-8850 and the higher band
would be around 9100-9150

Though medium term and long term trend is positive, the
short term trend is sideways. So trade with strict stop loss.

If we fall, the max. level could be around 8750, which
would be very strong support. So weakness need to be taken
as buying opportunity.

Market Outlook - 5th March 2015

Market made lifetime high of 9120 and then corrected significantly.

This shows that 9120 is a strong resistance. Now in the coming week,
we will see 9120-9150 being tested again. This would be an opportunity
to book profits and going short as this would create reversal of trend.

Put writers have not covered their positions while call writers have done.
So it gives scope for market testing 9120-9150 again in the coming days.

We are right now in sideway trend. 8700-8800 would act as strong support.
9100-9200 will act as strong resistance.

The SL for this would be 8850 (closing basis).

Market Update - 4th March 2015 - 10 am

As I had mentioned that there are no reversal signs, market has surprised
with Repo Rate cut, which increases the scope of higher levels for the rally.

With Market crossing 9000, it opens up the possibility of 9200-9300 in the
coming days.

For this rally to last 9000 levels have to hold. Market reamains buy on dips.
You could buy Nifty now with stop loss below 9000, for immediate target
of 9100-9150 within today or tomorrow.

Market Update - 2nd March - 10:30 am

The Budget has been 50:50. Not very good or very bad.

Market has been trying to move higher but has strong resistance
at 9000 level.

We need to see if we could sustain this levels.

Call writers are active @ 9000 and Put writers are active @ 8500.

So I would not suggest any fresh long positions. For people who
have longs should look for booking profit or hold with strict stop loss.

VIX has come down drastically which shows market is becoming
very complacent that market will make new highs. This is not good
as market may get topped up and we could see correction.

I would say be cautiously optimistic. Though we do not have reversal
signs, market might see correction soon, so do not buy anything now. 

Market Update - 28th Feb - After Market

You can see that exactly at the support of 8800, market reversed back
again. This is more of volatility due to the event.

Market is still "Buy on Dips".

Market Update - 28th Feb - After Budget Speech

Market has strong resistance at 8930-8950 and market is failing
to cross that.

Now 8800 is important, if it breaks, there will be big selling coming in

You can go short with stop loss 8950 (closing basis)

Market View - 28th Feb 2015

The "D-day" is now here.

The Big Budget day which everyone is waiting for is now here.

Market has too many shorts which have been rolled over to this series.
And option data shows that 9000 is still a strong resistance.

Market may now open tomorrow around 8930-8950 and may even test
9000. But very unlikely to hold and close above 9000.

If it closes above 9000, then we may see further rally. Else we need
to closely watch and see if there could be any reversals coming in.

There is a popular saying in the market - "Buy on Rumour, Sell on News".
Since market has moved up, now after tomorrow's event if market does
not sustain, then we could probably see profit booking coming in.

Keep trailing stop loss and preferrably book profit around 8950-8980.

Market View - 27th Feb 2015

Market needs to hold 8700 for market to recover.

Once it holds, it may retest 8800-8900

Today it seems to open positive, if it holds, we could
see market moving up today.

Market View - 26th February 2015

Market as I have described has been having strong support at 8700-8750.
Long term support lies at 8400-8450

And the resistance comes around 8900-8930.

Market might be in this range till budget and the direction may be seen
maybe in a week or so for clear direction.

Looking at the current option data, market seems to be in the range
and it is better to trade on specific stocks only.

Market @ Make or Break Point for Short term

If Nifty cannot hold 8700, then we could see good fall.

There are many Hi-beta stocks showing weakness.

Automobiles, Banking, Pharma, Real Estate sectors are
showing weakness. So it is better to avoid long positions.

The weakness should be used for Buying good quality stocks
for long term investments.

Market Outlook - 24th February 2015

After todays downfall, you might feel that the market has reversed.
But there is no such signs. There is no reversal signs seen.

But the option writing data has been now in control of call writers,
which suggest that we may seen more downside in near term.

And March option data has no much roll over, which also is not giving
much comfort.

So trading in Nifty would be more riskier on either side.

Now all eyes are on the Budget event:

Thursday - Railway Budget & February Expiry
Friday - Economic Survey Report
Saturday - Union Budget

The stocks which were supposed to move due to budget have already
moved up. Now since there is too much of hopes built into budget,
and the run up in the prices have already priced in. So for market to go
up, we may need more support.

Currently Bank Nifty has not been supporting and hence Nifty is finding
difficult to hold levels.

Looking at all these data, i see that we might re-test 8500 on the lower side.
8900 is now acting as strong resistance, so either buying to be done @ 8500 levels
or above 9000 levels.

Preferably you could avoid trading in Index and look for stock specific opportnities

Market Update - 23rd February 2013 - 3:30 pm

Market has too much shorts and have broken 8750.

Now we need to see if 8700 hold, if not we could see market
move towards 8600

Bank Nifty has broken 18800, which can lead the fall.

If we do not see support coming in from Banks, the downfall
can now increase.

Market may now be in a range. 8500 on the lower side will
act as support & 8900-9000 will act as resistance.

Market Update - 23rd Feb - 2:30 pm

Do not get confused with the profit booking. This is opportunity
to Buy. You can Buy now, with stop loss below 8750 (closing basis)

Trend has not changed. It is buy on dips only.

Market Update - 23rd Feb 2015

USA and Europe have made lifetime new high and closed above them.

Europe tensions are now over as deal has been agreed upon, so the uncertainity
in global markets are now over.

From today, Budget session is started. So we should see some good momentum
built up.

Intraday Support: 8880, 8840
Intraday Resistance: 8880, 8900

Looking at current market movement, we may see good momentum that could
be picked up as there are too many shorts which have got built up.

If short covering is able to break 9000, we could see further rally.

Keep stop loss below today's low and hold your Nifty positions

Market Update

Market has been in a range from very long time and looks like
it would continue to be on the same side until Bank Nifty starts
giving support.

8800 will be strong support and 8900, 9000 will be strong resistances.

So market may continue to move between 8800 to 9000  until it
gives decisive break above 9000. Though there are minor corrections,
they are to be used only as buying opportunity as supports are equally
strong.

If market needs to make new high, Bank Nifty has to extend its
support. Till then, we may not see any significant upside or downside
movement.

So probably trading in index could be avoided for some time and
focus could be made on individual stocks.

Market View - 20th February 2015

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You can see the accuracy of our supports and resistances.

Market made high of 8902 and from there it fell down 100 points
and later it made low of 8794 and later recovered from the low
to close at days high.

Market is "Buy on every dips". I have been telling you and you
can see it happening. 

Now the resistance is around 8930-8950 and later at 8980-9000.

Intraday Support: 8850, 8880
Intraday Resistance: 8930, 8950

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Market View - 19th February 2015

Market remains "Buy on Dips", but volatility will continue.

8900-8950 will continue to act as strong resistance. Once this is taken out and market closes above 9000, we can see short covering rally of 100-200 points.

Looking at the current pattern, we should be able to see 9000 levels by this weekend.

Intraday Support: 8800, 8840
Intraday Reistance: 8880, 8900 

Market View - 18th February 2015

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Market has continued its upmove and the trend is very strong.

Greece talks have not come to conclusion, but DAX has been ableto recover from the gap down it made today. This clearly shows thatthere is something much bigger news (Positive) which market knowsand that is the reason rally is on.

8800 will now act as strong support. With the current option data, i amnot seeing market going below 8800 (closing basis) till this expiry.

So tomorrow we have very good opportunity to Buy Nifty at opening,keep stop loss below 8780.

Intraday Support : 8780-8800Intraday Resistance: 8840, 8880Hold all your longs tight, we can very soon see 9000 levels on Nifty

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Market Update - 12th Feb 2015

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You can see that market took support at exactly the same level
which I have mentioned on previous post.

CAC made lifetime new high yesterday and DAX has made
lifetime new high today. This means that the uncertainty in
Greece is over. Though it is not in the news, but market knows
about something which media has still not announced.

Buy Nifty, Bank Nifty and hold tightly till expiry. You will
make killing income.

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Market View - 12th Feb 2015

My view has been "Buy on Dips" and it would continue to be the same.

The Put-Call Ratio has started improving. We can see that the Puts are getting
written at all lower levels and call writings are getting covered at higher level,
which signifies that the buying has been happening at lower levels.

Market might be volatile but the direction is clearly on the positive side.

8500-8530 has been a critical area which has support from multiple calculations.

Since volatility cannot be ignored, we might see sharp corrections which are
not to be confused for selling. They are opportunities for buying.

For this series, as per the current data, 8500 looks like the floor and 9000
as a roof. As the data changes, i will keep you posted.

For Intraday, supports will come @ 8590-8600
and Resistance @ 8650, 8680

Momentum will pickup only when Nifty starts trading above 8650
and after it crosses 8720 decisively, momentum will increase.

Market Getting Ready For a Very Big Global Rally

Europe & USA markets are nearby to their life time highs and now
they can support the rally in Indian markets.

With the Union Budget being the next big event that market will be
looking at, there would be pre-budget rally which can be seen in the
market in coming days.

CAC has already made new life time high today.
DAX is just 50 points away from its life time high
and FTSE is just 100 points away from its lifetime high

Dowjones needs around 300 points and S&P around 30 points to
make lifetime new high.

This is a rare setup and we have just corrected 50% from 900 points
rally last month and now ready to participate in the global rally.

If what I am seeing happens, we might see Nifty touching 9200-9300
or even 9500 in this month's series itself. So look for opportunity to
Buy on all dips, and hold your long positions tightly.

Look at My Post on 5th February

You can have a look at what i had mentioned on 5th February:
http://nsebseintradayindia.blogspot.in/2015/02/market-view-for-5th-feb-2015.html

Look at the levels on Nifty and Bank Nifty that I had specified.

The place to go long and cover shorts were at 8450 and 18,300.

You can look at todays Nifty low - 8470.5
and Bank Nifty low - 18,226.9

You can see the level of accuracy to predict reversal points a week ahead of time.

And today morning itself, i have mentioned that market has reversed and
you could see the magic.

Market would be highly volatile in the coming days, but the momentum
is clearly on the upside. So do not try to short in the market. Look for all
dips to Buy.

Market Volatile, But has reversed

Market is volatile but clearly we have seen reversal of trend.

Now on every dip, look for opportunity to buy and hold. We are
getting ready for a bigger rally.

Do not get carried away by volatility and get into wrong side.

Now just look for opportunity to buy on every dip.

Banking, Auto will lead the rally.

Nifty levels to be watched

Now as I have told you market has reversed. Do not short now in the market
and look for opportunity to Buy on every dip.

Immediate targets for Nifty - 8650, 8710, 8750, 8840, 8880

Above this resistance comes at 8930, 9000. These resistances would be not
very easy to break. Once they are broken, there could be further rally towards
9200-9300 or even 9500 in the coming days.

Watch S&P levels of 2088. Once that closes for 2 days above that, we could
see big rally globally.

Market Update - 10th Feb 2015

You can see that market has seen some bounce back from 8470 levels.
If you see my earlier post, i was telling you about 8450 levels.


Market has reversed now. You can start seeing market moving up now.

Market Outlook - 10th Feb 2015

Most of our targets have got achieved. As per my earlier post, the option
data was showing 8500 as the strong support. Now that has shifted to
8300. So we may further see more downside in the coming days.

Tomorrow we have Delhi election results. If the results come inline with
what exit polls are suggesting, there could be panic selling that might
come which could easily take the market towards 8300.

Supports to be watched for Nifty - 8450, 8380 and 8330.

Once it starts taking support, we could see buying interest coming in.

Market Update - 9th Feb 2015

You can see that Nifty has been breaking supports one after another.

Since AAP shows huge majority as per exit polls, it is a sentimental
dampener for the market. Along with that S&P has downgraded Greece.
So overall market conditions could bring Nifty further down.

Options data have started showing that there is possibility of Nifty even
moving towards 8300. The Nifty levels to be watched are - 8530, 8450,
8380, 8330.

Bank Nifty will have supports at 18500, 18300, 18000, 17800, 17500.

Only after you can see prices taking support, we might see some buying
coming in. Until then, we need to be on short positions only.

DLF Update - 5% down

DLF has hit all the targets specified by me yesterday.

As you could see that it had hit my 1st target and later reversed

and triggered stop loss. And you see that I had mentioned clearly

that it is still a sell on rise counter.

Market View - 9th Feb 2015

As you could see, market has been continuously breaking supports
and moving down further. Now the next support everyone is watching
is 8630.

After this, the next significant support will come at 8530, 8450.

For Bank Nifty, i would see that the significant support comes at
18,300 - 18450. Once market comes around this price, it would be
great price to go long.

Look out for the Nifty levels of 8450-8500; and Bank Nifty levels
of 18,300-18,450 to cover all short positions and when they start
moving up from there, you could go long.

This may happen in the coming week as we have a lot of events
lined up. On 9th Feb, we have Quarterly GDP data coming in.

On 10th Feb, Delhi Election results will be Out.

On 12th Feb,  CPI and IIP data will be out.

And on 13th Feb, we have SBI results. There are whole lot of events
lined up and they all would now show direction for the market.

Market Outlook - 6th Feb 2015

Nifty has been in corrective mode and as i have been re-iterating,
all the rallies need to be sold into.

Today we had a Bull Trap, where it looked as if the market had
reversed and finally it was even able to break 8700 on intraday
basis.

Now market will move towards 8630-8650. After this the next
halt is at 8570 and later 8530. These are all important levels to
be watched.

All global markets are also topping out and may create more
pressure. 

Market View for 5th Feb 2015

As I have been re-iterating, Nifty and Bank Nifty is "Sell on Raise".

8700 is acting as strong support and it is about to get broken tomorrow,
Once that happens, you can see huge selling since a lot of stop losses would
get triggered and there would be euphoria in the market.

The immediate support would come at 8630-8650. If that fails to hold, the
next support would be @ 8530.

Bank Nifty has strong support around 18,300. So if it comes towards that,
it is good opportunity to accumulate. Cover all the short positions there.

As per option data, the maximum downside that we are seeing for this series
as per today is around 8450. So if market comes at these levels in the next
2 days, instead of getting scared look for opportunity to Buy.

DLF Update

Though DLF went up today, it has strong resistance @ 180

If you see it touched our 1st target and then went up and
hit stop loss.

It is better to short DLF and if at all fresh buying will be only
after it closes above 180.

Support looks strong @ 165, so one should trade carefully.

Sell DLF @ 171-173

Sell DLF @ 171-173
SL - 175
Target  - 165, 160
Duration - 3 days

Market View For 4th Feb 2015

My view for the market remains the same. It will still be "Sell on Rallies".

The immediate resistance for the market is 8780-8800

Market will be moving towards 8630-8650 once 8700 is broken.

The volatility can still be there but market will correct from here.

Market might move stock specific but overall the short term trend would
still be negative.

Market View for 3rd Feb 2015

As I had suggested, market has been in the mode of "Sell on Rallies".

Now if this needs to get changed, there should be rate cut again tomorrow, which
might be unlikely to occur.

If that happens, then the correction might end and we may resume uptrend.

But until it happens, we should not speculate.

The immediate resistance comes @ 8850-8870

If market moves beyond 8930 by 11am, there is likely possibility of rate cut, else
the higher level you could see would be a place where you could short Nifty and
Bank Nifty.

Bank of Baroda Update - 5% down

Our Sell call on Bank of Baroda has been on right on target.

It has been showing huge selling pressure from the morning.

It has already gone down by 5% for today.

We may even see the levels of 175-180 in coming days

Nifty Update

As you can see the correction in Nifty is getting deeper. It was not even
able to give a decent bounce back also since morning.

This shows that the weakness has been quite heavy and it make show
much more lower levels.

Now the immediate support is 8740, which once it fails to hold, we could
see fall towards 8600-8630.

Here we could see some good support. But we need to wait and see if
this could hold. 

Market has Reversed - Sell On Rallies Now

You can see the Nifty chart and the Channel which I have been referring to.

There was a false breakout which made all analysts confuse and have to asking

to Buy on all dips.

Now we see 2 reversal patterns on 30th Jan 2015. There is Double Top, as well

as Bearish Engulfing that has happened on Nifty charts.

Now until market closes above 9000, there is no buying opportunity. 

Or market needs to show reversal at the support area.

Market may now test 8600-8630 in the coming days. That could be short term

support. And the maximum downside that we are see at this point of time is

around 8300. So that could be area where you could look for buying. 

I am not telling that it may correct till that, but if it does, that would be a very good

place to buy. 

Orient Bank Update

Orient Bank you can see have hit our 1st and 2nd targets

Now it will now be able to even meet 3rd targets.

You need to book profits when it moves towards 260.

260 has some support and it may hold for some time.

If it breaks 260, then there can be further selling that may happen.

Sell Bank of Baroda @ 195-198

Sell Bank Of Baroda @ 195-198
SL - 205
Target - 190, 180, 170
Duration - 3 days

Market View - 2nd Feb 2015

Hi Friends,
I hope people who have followed my Blog have made a killing income
on Friday,

When everyone is talking about Buy, market will move beyond 9000, you
can see I had clearly said look for shorting opportunities.

Now it has clearly given reversal sign on Nifty as well. If you remember, i had
clearly mentioned Bank Nifty has already given the reversal sign. It fell down
by massive 3% on Friday. And the Orient Bank that i had recommended fell
by 6%

Now you will see correction to deepen. The market is now in the mode of
"Sell on Rally/Rise".

Nifty Resistance for Monday will come @ 8850-8870
Immediate Support for Nifty will come @ 8780

And market can now move towards 8630-8650 in this week.

Orient Bank Update

The Orient Bank has not given the prices which I had stated,
but it is still a Sell.

You can sell @ 280-282
SL 285
Target remains the same

Market Update - 30th Jan 2015

You can see that as I had stated earlier, we have started seeing Selling pressure
at the higher levels. Now the immediate support is 8930. After this the next
level you can see is 8830-8850.

8800 will be a place where you could see some bounce. But as I can see the data,
atleast for next few days, we will see "Sell on Rallies".

As per as I see, market can re-test 8600-8630 in the coming days.

Sell Orient Bank @ 290-295

Sell Orient Bank @ 290-295
SL - 300
Target - 280, 270, 260, 250
Duration - 1 week

Market View - 30th Jan 2015

I have been telling to Buy at all dips and also had recommended to Buy 8900 Call Options.
They have closed positively @ 56

Now we can see some early cracks in the market. Bank Nifty has clearly shown that it is
highly overbought and finding resistance at higher levels. PSU banks have a lot of short
positions built up.

USA market has been failing to move up and looking that its immediate support of
1980 will get broken on S&P, which is a negative factor.

And Crude Oil is also showing that it will break $44 and make new low. This is again
negative for the market.

For Nifty 8950 will be channel resistance and if market fails to move beyond this or
falls from this level, we can see correction in the market.

So for all traders, we are recommending to book profits. You can go short when 8900
is broken from the top. The support will come near 8600-8630 levels.

For Bank Nifty, you can go short @ 20,500, with stop loss above 21000.
Immediate support comes @ 20,000. If it is broken, then the next support will come
at 19,500.

Market Outlook - 28th Jan 2015

As I have been stating, Buying on every dip is the only way to go.
The momentum in the market is very strong and there is no signs
of any correction.

The immediate support is at 8780. If you want to keep smaller stop loss,
it would come at 8750.

Now that the market has now got into short covering mode. As long as
8900 can be held, the short covering will intensify and take the market
towards 8950-9000 levels.

9000 is a psychological resistance level. If market can break it and sustain,
market can even move towards 9150-9200 levels.

For Jan series 9000 calls have highest open interest, so the call writers may
try their level best to get expiry below 9000 levels.

If market can sustain above 9000 and close above it, then for this series
itself, we can see short covering rally towards 9150-9200.

Nifty Update - 27th Jan 2015

My call on buying is still good. The calls came around 19.3 and then starting
moving up.

The option data shows that 8900 and 9000 calls are getting sold heavily, suggesting
that Bears are pushing prices down and not allowing it to go beyond these levels.

At the same time, Bulls are continuously writing 8800 puts which suggests that
they wont allow Nifty to go below 8800.

Now since expiry is nearby, the make or break level is 8900. If Nifty manages to
close above 8900 and sustain, then there is a heavy short covering rally. Otherwise
till expiry, we could see small correction or market may become sideways.

If you have calls, continue to hold. You can look at booking profits around 8900-8920
range. If it sustains and move above, then we can see a big movement.

Since there is too many long positions with FIIs, there may not be any sizeable correction
till expiry. 

Market View - 27th Jan 2015

After the Greece election result being declared, the entire world market
has absorbed the news and still able to move up. This clearly shows that
market has already discounted this information. And the main reason the
market was nervous was because there was feeling that Greece will move
out of Euro zone which has now been nullified.

Obama's visit and the statements are looking extremely positive for India.
As per the statement, we are just doing 1% exports to USA. Which means
there is HUGE scope for growth.

If you read between the lines, there is a lot of funds which are going to
come to India which has not happened anytime till now.

Technically 8900 is a very important level. Now if Nifty closes above
8900 for 2 days, then there would be huge rally which can take the market
towards 9200-9300. We can also see the levels of 9500 also very soon if
the market holds this momentum.

For this month, we could definitely see one short covering rally of around
100-150 points in the next 3 trading sessions. You can Buy 8900 call options
and have Rs.20/- as stop loss till expiry. This can move towards 150-200
by this expiry.

The immediate support (stop loss) will be @ 8780. 

Market update

Now if market does not break 8800 till 9:30 am, then do not
book profits. Hold all longs till EOD

Market will move towards 8900-8950

Market Outlook - 23rd Jan 2015

ECB move is better than expected.

Market will now open around our target of 8830-8850

For the initial 1st hour, profit booking will come and market
may give small dip of 8750-8780

You can Buy again and put stop loss below 8720 and go
long. Market can move towards 8900-8950

By the EOD, i would recommend to cover all long positions
and keep your cash intact.

Sunday, there is Greece elections and Monday, Tuesday, we
have FOMC meet. If there is no negative news and market
sustains, we can see market moving still further up.

Market Outlook - 22nd Jan 2015

All our targets have now got achieved. Market is still looking
strong and we are not seeing any negative factors till now.

There can be channel resistance @ 8800-8850

If market can sustain above this, market can even test 8900-8950

We are not suggesting any fresh buying at these levels. It is best
to book profits or trail stop loss.

Traders who have existing positions can hols 8700 as stop loss
and continue to hold their long positions

HUL Update

You can see that HUL has achieved all the targets

and even moved way beyond that.

Now it may even try to move towards 1000 in 

medium term.

For medium term investors, 900 will be stop loss

Buy Hind Unilever (HUL) @ 880-885

After the results, HUL had shown correction and with todays move,
we can see that it seems to have got over.

Buy HUL @ 880-885
SL 875 (closing basis)
Target 895, 905, 920
Duration: 1 week

Reliance Update

You can that all our targets on Reliance has been achieved.

With the current momentum, it may still move further up
towards 910-920.

Keep SL below 900 and hold your positions

Market Outlook - 21st Jan 2015

As I have been continuously  recommending to Buy on all dips, you
can see that we have surpassed the All time high and now making
new High.

Next immediate target for Nifty will be 8750 - 8800

Nifty is right now on steroids, just keep riding momentum by trailing
stop loss.

Immediate Support for Nifty will be 8615 to 8630

At higher levels - 8850 - 8900, we can face psychological resistance.
We need to closely watch these levels and reduce positions as we
go higher.

As long as momentum continues and there is no negative news, market
can keep making new highs.

22nd Jan, we have ECB Meet
25th Jan, we have elections in Greece
27th and 28th Jan, we have FOMC meet

If there is anything negative happening at these meet, there can be
some profit booking or even shorts, so book your profits and wait
for next trigger.

Buy TCS @ 2500-2520

Buy TCS @ 2500-2520
SL 2480
Target - 2550, 2600
Duration - 1 week

The consolidation and correction looks to be over. IT sector now looks to over
and now it may start moving up.

If you want to look for longer duration, it can move towards 3000

Buy Reliance @ 865-870

Buy Reliance Industries @ 865-870
SL 850
Target - 880, 895
Duration - 3 Days

Market View for 19th Jan 2015

As I have been continuously suggesting, you need to keep looking for
opportunity to Buy on all dips.

FIIs have been buying at all lower levels. The immediate support for
Nifty will be @ 8450 and immediate resistance is 8600-8630.

With the market momentum, it might easily break the resistance and
move towards 8750-8800.

Bank Nifty immediate Support is @ 19200 and immediate resistance
is @ 19400. It might face some resistance aroung 19500-19700, but
it might also keep moving up.

Without global market support, Indian markets are on steriods.
Market is nervous and not ready to believe the upmove. After 8600,
general public might start participating more and that would be end
of the rally.

Market View 16th Jan 2015

As I have been telling from last few days, market is highly bullish mode
and the market is now ready to make new highs.

Tomorrow market can test its all time high of 8626 and maybe also make
new high. If market sustains and start moving higher, the immediate
target for Nifty is 8800 and for Bank Nifty is 19950.

Market is right now, buy on dips as long as 8380 is not breached.

ICICI Bank Update - 5% Up

As mentioned in yesterdays pick to buy ICICI Bank.

You can see, it has bounced more than 5% in just one day

Enjoy the benefit

Bang!! On Target - Nifty towards All time High

As I have been continuously telling that it is Buy on dips market only.

Today if you see my post, you would realize that you should have bought,
but have lost the important opportunity.

Now market will start moving towards its all time high of 8600-8630 levels.

Hold the positions tightly for the next 2-3 days

Infy Update

You can see that inspite of market being volatile and correcting, Infy
has been moving up.

It will continue to move up and test it previous highs and can also
make new highs, continue to hold.

Market View 15th Jan 2015

The global markets have been making the market nervous. You can see that
there are sharp corrections and immediately buying is coming, it clearly
shows that buying is still there in the market, but volatility has increased
a lot.

S&P and Dow Jones are at important support levels and i don't think it would
get breached so easily. The volatility index has been at its peak showing that
market is highly nervous and usually big rally happens during such time.

Crude Oil has been trying to settle down and looks like atleast a temporary
bottom is made here. Even after the negative news about higher supply in USA
market, crude has been trading positive, which clearly shows that we can
expect a good bounce back in crude.

If market opens negative, let it settle down and when it starts moving up
buy Nifty and Bank Nifty.

Immediate support for Nifty is around 8180-8200
and Bank Nifty is around 18300-18400

Do not short until it breaks 8180. 

Buy ICICI Bank @ 330-335

ICICI Bank has been correcting and taking support around 330.

On correction, Buy ICICI Bank around 330-335.
SL 328
Target 345, 350, 360
Duration - 1 week

Market View 14th Jan 2015

As discussed yesterday, volatility has increased but market is still
Buy on dips.

If see market fell at last hour and again recovered most of the loss.

The nervousness is mainly due to fall in crude prices. At $44, it seems to have
temporary bottom formed and has started showing some bounce. If it opens
above $45 and starts maintaining above it, there could be some good bounce.

Europe and USA markets have given good move, so market would open
positive. Market might remain stable only if it is able to start trading above
8400. So be ready for volatile sessions but the trend would remain positive.

Buy Infy @ 2090-2100

On the result day, Infy has given breakout.

Now Infy can test its previous high and also move beyond it.

CNX IT has also given breakout and hence buying may be supported
in all IT stocks.

Buy Infy @ 2090-2100
SL - 2070
Target - 2150, 2180, 2230, 2280

Time duration : 1 week

Market View For 13th Jan 2015

Hi Friends,
I have restarted updating and from today you will get all latest updates.

Market is looking extremely bullish. Ignore all other analysts who are scaring you.

Options data is extremely strong from the starting of this month. Only last week when
market had free fall, data had some issue. But from the very next day, data is strong.

FII and DII have been writing Puts and Buying Calls, which means that there is a much
bigger rally expected.

Now once market moves above 8330, it will fill the gap made last week and the
negativity created will get negated.

8400 call has highest open interest, so after market closes above 8400, market will
move non-stop till 8600-8630 (previous high).

There is high possibility of market touching all time high or even make new high
this month.

So when you get any intraday correction, take opportunity to buy and hold tightly,
we are seeing 200-300 points movement in this week.