Lot of average and good numbers (not best though) are coming out, good IIP numbers (3.7%), Low Inflation (8.82) etc. All these combined with globally good signs of recovery like US Unemployment rate @ 8.8%, Rise in retail Sales volume in Europe and other political movements like Libyan Rebel taking control over areas, Syrian President under pressure etc have contributed in this great Bull Run.
Technical
Market has now made a 10% rise from it's 21-Mar low, and the current level falls exactly on the trendline (trending downwards) connecting highs of Nov and Jan. These all suggest an inevitable retracement/halt/pullback/breather (whatever you may like to call). Swing Traders should book some profit while medium/long term players should hold, as this run isn't over yet. Retracement upto 5700 shouldn't raise any eyebrows, anything below that will be signs of warning though.
Stocks
These are the times where buying any stock will not make a difference. Still I would suggest to have look on stocks which are laggers in their sectors like Tech Mahindra, Dharampur Sugar, Ramco India (cement), Cannara Bank as potential buy. I would personally not buy anything if I see retracement starting tommorrow.
Food for Thought
There are Old Traders and There are Bold Traders, there are no Old Bold traders.
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