Market hit 14272, where it will headed now

With many deterrants taken away, sensex will be steadity going upwards. The enormity of global recession is also known factor now. But the upward trend will be dampened with external reasons.

People believe in stable govt. hence this rise...

protect yourself, its a game of big investors...

Believe - "GREAT RISE HAS A GREAT FALL"

Confidense rally, will take up mkt to 15 k

Before trying to find whether the rally will go beyond 14272, remember the fact the index came hurtling down from 21,000 to 8,000. so that is a 50% retracement level. This 50% retracement is a critical level. Once retracing 50% one expects heavy correction. However this time around particularly in the indian context we must take in the +ves of Indian corporates performances and their intrinsic value. Supposing there is a correction a particular stock may become undervalued. At that time you pick  up the stock for appreciation. The rally after the elections has been very fast. This may be attributed to the heavy short covering on positions as many have been caught on the wrong foot on the wide belief that uncertainty will prevail after the polls. Contrary to expectations the clear mandate given to Congress keeping the left out cheered the market and boosted sentimets.The bears had to scurry for cover.

As many +ve developments like banking and insurance reforms, infrastructure boosting are expected due to the stable govt, there is still more room left for appreciation in the concerned stocks.Still one would do well to purchase at comfortable levels

   Supposing the economy gets back on track and the global recession ebbs the index will head higher

Markets may Remian Rangebound in Range of 13100---15400 , Over period next Few weeks Unless budget gives Some More Surprises  , Dont go Short on markets on Rise ,  Trend has changed to buy on Dips as if Now till 12400 Is held on Weekly closing basis .

Genrally midcaps and small Caps run for 60-90 Day period Which marks the end of rally So stay catious at current levels and keep booking Regular Booking profits and maintain trailling SL for all longs

Current TSL on Sensex is 13400 Below which Every bull Should get lighter or start to hedge the postions

Markets may Remian Rangebound in Range of 13100---15400 , Over period next Few weeks Unless budget gives Some More Surprises  , Dont go Short on markets on Rise ,  Trend has changed to buy on Dips as if Now till 12400 Is held on Weekly closing basis .

Genrally midcaps and small Caps run for 60-90 Day period Which marks the end of rally So stay catious at current levels and keep booking Regular Booking profits and maintain trailling SL for all longs

Current TSL on Sensex is 13400 Below which Every bull Should get lighter or start to hedge the postions

at 14350 market it at 50 % retracement of 3 years span from top of 21206 and bottom of 7697.

market 14750 it completes 76 percent correction to one year span top

market have to cross this two levels to enter into a bull market again till then it is a retracement to the fall and it was sharp retracement as sharp as th e fall

so look at the particular scrips with index as a over all lead..with th emerger of rpl and ril comparing the index once the both scrips are merged would be tricky.

and relinace as an entity alone would amount for 20 to 22 percent of index.

and with other oil companies too in the index the index is higly oil sector loop sided.