The markets yet again opened with a bull gap and fiercefully rallied to make new highs for the year.
The current market force is highly driven by liquidity , which is backed by fii’s and domestic instituitions, majority of the retail is still out of markets or waiting on sidelines as they were waiting for a correction , or they have fearful thoughts of entering at higher levels, but it has to be remembered that markets donot respect human emotions.
Lots of domestic retail money is still waiting in to come in the markets and markets have a tendency to surprise on the wrong side.
The current movement and momentum in the markets have a lots of difference in comparison to 2007 where we saw each and every stock , penny including scrap stocks going up.
But the current movement is witnessing moves only in quality stocks and large caps , momentum will certainly shift to midcaps when the patience of traders and investors overdoes as they see the index moving but their stock moves down.
Technically the markets are in momentum zone and has the potential to rally more but with huge volatility and profit booking at higher levels.
So days of probable two side movements are coming near, so one has to be quick in their actions as markets will turn tide on both sides with vangeance.
www.astroeyes.co.cc
Yesterday’s calls sent via sms and messenger
Dlf – buy at cmp 334 sl 331 targets 343 , went 342.45
Nifty 5800 ce – buy at cmp 54 sl 48 targets 75 , went 118.10
Dlf 340 ca – buy at cmp 7.15 sl 6 targets 11 , went 11.80
Nifty – buy at cmp 5775 sl 5755 targets 5830 ,went 5845
Tisco – buy at cmp 602 sl 598 targets 615 , went 616
