morning thoughts...

It been weeks that we have pre intimated about the mega trine triangular transit and its effect with nifty targets 7200 which is almost achieved.

Now again a major transit has occurred last day which will surely have its effect on equity and commodity markets.

Technically the markets are still up but intermediate reactions cannot be ruled out  but that would give an opportunity for fresh enteries.

Most of the people have been waiting for a dip or markets to correct but like always they miss the chance , one should keep in mind that the levels and numbers of index donot matter for making wealth in markets , it’s the trend , proper entry and most precisely correct exit which decides the profit with respect to stoplossed.

Time is always right to enter markets , it people’s greed and fear that keep them on backfoot.

On the lower side 6800 remains as good and strong supports for the markets whereas stiff and stubborn resistance can be seen.

It would have been understandable if it were only retail investors who are caught up in this euphoria. But that is not the case. According to the Business Standard, most fund managers seem to be thinking along the same lines. A majority of fund managers from around the world were bullish about India in a recent survey. They were asked if they believed that a NDA government could revive the investment cycle in India within a year. A surprisingly high 70% responded positively.
Even the foreign investors have got carried away. In the March quarter, Foreign Institutional Investors (FIIs) had taken their holding levels of Indian stocks to a record high of 22.3% in the 1,200 companies listed on the NSE. This trend has continued in April and May. Thus it is clear that the markets are being driven by greed for quick profits rather than ground realities. In this context, we would caution investors about the euphoria in the markets. It is very important, now more than ever, to invest in only fundamentally sound stocks trading at reasonable valuations.

Coming to the commodity markets bullions will remain in a range , whereas base metals and energy will give an opportunity to buy on lower side with a sell on rise strategy.

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Last days open free call on facebook and yahoo messenger

Irb infra zoomed 10 % , nbcc rose 20 rs

Our advance nifty targets of 7200 gets nearer

DOUBLE BUMPER YES BANK 480 DOUBLES , ICICI BANK 1280 TRIPLED , MARUTI 1950 TRIPLED

Our Fii Dewan housing rise by 35 % , the call was also given as free on facebook

Sell call of gold gve 137 rs , silver gave 277 rs , copper gave 3 rs