Since I started this blog, I had always been bearish or neutral but Now I say it full on Bullish. Though fundamentally nothing good has occurred but all bad news are settling down. Economic growth looks on track and most importantly expectation of earnings this quarter is very high. Globally still libya is in trouble, so is Syria. Japan is recuperating and Portugal looks in deep financial crisis.
Technical
Market had an excellent week with 5% gain. It has managed to break the psychological level (5600), pSAR (5589) and donchian channel (5608). MACD has turned up so has RSI and MFI. In simple words all indications that this may be the start of intermediate bull run. We may not run upto Nov 2010 highs (6300), but 5800 to 5900 certainly looks on cards.
Stocks
It is time to put your money from bank to stock market. Some of the stocks which look good to me are : Allahabad Bank , HDFC bank (all banks are good), Ashok leyland, DLF, Grasim, Kirloskar Oil, Sobha Developers and SAIL.
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