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Yesterday US markets were closed in consolidation mood with positive bias. With Asian markets open with positive bias, Europe will also open positive as London future is up 20 points at 8 am.

After a near lackluster first trading day on Monday, Tuesday’s trade was a different ball-game altogether. 1-2% gains across the Asian indices, which opened yesterday and later supported by similar gains across European markets, ensured that the Indian market not only open gap-up but also build on the strength.

Yesterday was the perfect display of true color expiry day of stock market.

THURSDAY BLAST: BUY SAREGAMA FOR A TARGET OF 69

BUY JAYSHREE TEA CMP 86 STOP 84 TARGET 92

WEDNESDAY BLAST

JAYSHREE TEA

CMP 86 STOP 84

TARGET 92

WANT MORE IN LIFE ?

The market today proved one thing with no global cues the Smart money is in the full control of the market. The future and option data suggest that the market is headed towards 4850-4900 as huge positions were created for that.

Last week US and Eurozone markets closed up 3-4% supported by strong economic data in US. Infact S&P index was positive on yearly basis. Now most of the fund managers are on mediterranion beaches, the field is wide open for some smart investors to play the game.

Yesterday was the perfect display of true color of stock market. When there is gloom doom and doom in the year, be prepared for a bear trap.

When there is fear in the air everything is taken with a pre biased opinion. In panic many investors forced to sell portfolio jewels to make good trading losses.

Today you will hear every blue channel and analyst were shouting from the roof top to sell, sell and sell with scary targets for nifty. When there is gloom, doom every where everything is taken with pre biased negative opinion forgetting that boom is the next stop. Today Asian markets open down and SGX nifty is down below 4600. At this level will you sell?

MONDAY BLAST

BUY

SAREGAMA CMP 59 STOP 57 TARGET 68

CATCH IT IF YOU CAN !

In spite of Fitch downgrade of major US and European banks, US and European markets closed up. Today Asian markets opened mild positive. Back home there is a huge pending rally based on Short covering as the market is in huge oversold zone.

My dear investors we have four seasoned economist at the helm of affairs of our nation. Dr Manmohan Singh, Montek Singh, C Rangarajan and D subbarao. Yet they are unable to:
1. Control inflation
2. Control the rupee downfall
3. Control the damage to GDP growth.