Life after 19k -Staying Alive- morning song for bears

Life after 19k -Staying Alive- morning song for bears

Intra-day Stock Ideas
Nifty (5670) Sup 5539 Res 5802

Buy HDIL (765) SL 759
Target 777, 780

Buy CESC (575) SL 570
Target 585, 587

Buy MTNL (168) SL 164
Target 174, 176

Sell Patni (470) SL 475
Target 460, 458

Sell IOC (450) SL 455
Target 441, 439

The bulls sure don’t want hell in the markets. They may just give the bears a few moments of fame. No amount of warnings seem to stop the bulls. The Finance Minister's cautionary words or the bomb hoax are dismissed too easily thanks to liquidity. Today, we see a slightly lower opening given the declines in the US and Asian markets. But, powered by the strong undercurrent, the bulls are most likely to fight back if not today, expect them tomorrow.

The bears have been thrashed like the Aussie cricket has done to our men in blue. There may be an odd day when the bulls might want to take their foot off the accelerator. But, on the whole the rally is here to stay and the pace of it will keep on surprising the most experienced of the market pundits.

Of course, the relentless advance over the past couple of months or so has been fueled by non-stop inflow of foreign capital money. This trend looks set to continue for a while before there is some cooling. Backed by the strong outlook on the Indian economy, good momentum in corporate earnings growth and reduced concern on the political front, the key indices will continue to break new grounds and conquer new frontiers.

Trade safe

Happy selling
reg
Kalpesh Patel