The markets were propped up this week and let us look at what the new financial year brings to the table. This has been a very good year for the markets.
1. The markets needs to convincingly break 9218 and close above it for 9400-9500 levels. It could happen that we spend more week consolidating in the 9000-9200 band before breaking out for new all time highs.
2. The Global markets are benign at the moment and no major triggers are expected at the moment.
3. Domestically the new triggers wll be the earnings season which will kick off in middle of April. The next 2 weeks the markets have no major trigger and one can expect side ways movement.
4 The gap needs to be filled up. If it does not get filled up now it may never get filled up. Rember the 2009 election gap at 3700-3900.
5. The movement is very stock specific and it is time to add good stocks which will give solid returns over the next 18 months.
The Bear phase is behind us now and now is the time to buy all dips. With good stocks one will definitely make loads of money.
The IPOs are also coming in the markets and one could play the lottery by applying for 1 lot in the name of everyone in the family. A cool 3-4 K can be made minimum from each allotment that one gets.
In a nutshell, very unlikely that the markets will correct much below 8950.
1. The markets needs to convincingly break 9218 and close above it for 9400-9500 levels. It could happen that we spend more week consolidating in the 9000-9200 band before breaking out for new all time highs.
2. The Global markets are benign at the moment and no major triggers are expected at the moment.
3. Domestically the new triggers wll be the earnings season which will kick off in middle of April. The next 2 weeks the markets have no major trigger and one can expect side ways movement.
4 The gap needs to be filled up. If it does not get filled up now it may never get filled up. Rember the 2009 election gap at 3700-3900.
5. The movement is very stock specific and it is time to add good stocks which will give solid returns over the next 18 months.
The Bear phase is behind us now and now is the time to buy all dips. With good stocks one will definitely make loads of money.
The IPOs are also coming in the markets and one could play the lottery by applying for 1 lot in the name of everyone in the family. A cool 3-4 K can be made minimum from each allotment that one gets.
In a nutshell, very unlikely that the markets will correct much below 8950.
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