Well, I do write once or twice in a week and try to come out with strategic ideas a s to how one should position oneself in the market.....In my last many posts, I continuously spoke about "Start of Bull Market".....And I feel happy that most of my readers have taken long positions in the market since 3000+ levels. Today one should mark my words and appreciate my words if they ultimately finds this true.....And I will take full responsibility if I am proved wrong.
The simple reason that market was trending upwards was evident from the FII's buying figure. And the fact that almost all retailers/DII's were sitting in cash waiting for the market to fall, was in itself, the biggest indicator of all.....Believe me or not but this is and I keep on checking the retail sentiment very closely. Also another thing that works within the monds of most people is "Bad Ego".....It is as if "The market will do this since I said so".......Further, I was amazed to see how confidently the retailers and the stock market illeterates and the '2-day trader pundits' have put a stamp on the markets going down. Ironically, no big shots ever say that he knows everything. One has to remember that "Market is Supreme"....
Technically, what one can expect?
1. A probable GAP up till 3813-3839 zones
2. Possible extension of the rally till 3900+ in a day or two.....
3. At this point the common man having a left out feeling (after considering him the biggest guru of stock markets for the last 2 months) will give a final stamp that 'markets will form a base around 3600+ from now on and that one should finally enter the market from a good investment perspective. (I call it a laughter show....ha ha ha !!!)
4. And this should the time when the FII's and smart money exchange hands. The expiry of May series can be around 3500, 3420 or even 3380 levels.......
And the music will go on....Retailers will sit shares in hand and smart money will book profits and sit in cash.......Use the massive the dip in re-enter the markets.....Trapped retailers will exit in 3 months when their prices come back only never to see them again.......
The BULL MARKET has started......Long Live Bulls..........
The simple reason that market was trending upwards was evident from the FII's buying figure. And the fact that almost all retailers/DII's were sitting in cash waiting for the market to fall, was in itself, the biggest indicator of all.....Believe me or not but this is and I keep on checking the retail sentiment very closely. Also another thing that works within the monds of most people is "Bad Ego".....It is as if "The market will do this since I said so".......Further, I was amazed to see how confidently the retailers and the stock market illeterates and the '2-day trader pundits' have put a stamp on the markets going down. Ironically, no big shots ever say that he knows everything. One has to remember that "Market is Supreme"....
Technically, what one can expect?
1. A probable GAP up till 3813-3839 zones
2. Possible extension of the rally till 3900+ in a day or two.....
3. At this point the common man having a left out feeling (after considering him the biggest guru of stock markets for the last 2 months) will give a final stamp that 'markets will form a base around 3600+ from now on and that one should finally enter the market from a good investment perspective. (I call it a laughter show....ha ha ha !!!)
4. And this should the time when the FII's and smart money exchange hands. The expiry of May series can be around 3500, 3420 or even 3380 levels.......
And the music will go on....Retailers will sit shares in hand and smart money will book profits and sit in cash.......Use the massive the dip in re-enter the markets.....Trapped retailers will exit in 3 months when their prices come back only never to see them again.......
The BULL MARKET has started......Long Live Bulls..........
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