The markets closed absolutely flat for the week and the FIIs continued to buy. The markets displayed some very strange behaviour this week but which also implies bullishness.
1. The markets took a dip towards the end of the week. Logically, the Puts should have shown an increase in value where in fact they lost money. The markets corrected 80-90 points from the top and the Puts lost money. I am seeing it for the first time in my life except for event related days.
2.April is a slow month as there are 4 trading holidays.
3. The opinion polls are predicting BJP win which will ensure that markets remain buoyant till the elections results are out.
4. The yields have again shot up, good time to add Gilt funds.
5. Targets for this correction could be 6578, 6456 and 6355. Beyond this I do not see the markets correcting further before the elections.
6. In Diwali Picks I had recommended Godrej Properties at Rs 370 post split at Rs 185 it is now at Rs 225 and Larsen at around 1000 which is now around rs 1300.
Larsen is a good proxy for the markets. If the markets move up then Larsen has to go up.
April seems to be a leisurely month. Buy on dips and wait for the election results.
1. The markets took a dip towards the end of the week. Logically, the Puts should have shown an increase in value where in fact they lost money. The markets corrected 80-90 points from the top and the Puts lost money. I am seeing it for the first time in my life except for event related days.
2.April is a slow month as there are 4 trading holidays.
3. The opinion polls are predicting BJP win which will ensure that markets remain buoyant till the elections results are out.
4. The yields have again shot up, good time to add Gilt funds.
5. Targets for this correction could be 6578, 6456 and 6355. Beyond this I do not see the markets correcting further before the elections.
6. In Diwali Picks I had recommended Godrej Properties at Rs 370 post split at Rs 185 it is now at Rs 225 and Larsen at around 1000 which is now around rs 1300.
Larsen is a good proxy for the markets. If the markets move up then Larsen has to go up.
April seems to be a leisurely month. Buy on dips and wait for the election results.
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