The steady and solid up move to create history!

The bulls in market showed their strength to scale the indices to new highs. In my earlier posts stated that the markets would fall only when the Sensex touches new high. The Sensex very likely to touch the new high above 14700 and the up move may continue, as the environment for bulls is fairly favourable. The techs may move in positive direction, as the time is ripe.

Follow up: As posted today, the Hindalco lost nearly 5%, but Tata steel could not hold above 598 at any point of time. The TCS has made good move above 1141 and never touched 1129, The RIL could not trade above 1711-12 or could trade below 1685. The Banking lot especially by SBI, made a decent move above 1503 and traded above 1471 a pre-condition for a big up move, as posted. The Idea suggested for del. above 118 gave good gains and the IDFC and IDBI suggested for delivery can now reduce thier postions by half.