- RBI's 50 bps crr cut fueled more short covering on banking stocks.Other than Banking stocks many stocks witnessed profit booking.Now a sustainability around these levels after expiry is a question
- Even 200 day average hurdle needs to be crossed and sustainable above those levels need a big trigger either from US or Europe can add hopes
- If coming budget promises something interesting then we might witness new lifetime highs in few months.Economical tensions are not settled yet.So caution required.Probably Retail FDI may get passed around budget time with the support of UPA
- Nifty January can expire around or above 5100 as of now.It's better to take bets after expiry instead getting caught on wrong side
- Cnx IT holding above 5900 indicates to touch 6100.Along with other indices even it is showing strength.Capital goods still weak
- My positional clients very well benefited in this rally.Cheers to them
