It is a merciless killing of the “Bears” at the bourses by the Bulls and intelligently trapped the Bears in the pretext of mid-term and PM resignation……!. But the Bears could exert some pressure on the bulls to take a back seat on Friday that failed to the core by Monday. The sustained effect can be seen only when there is a reasonable selling happens on Tuesday, otherwise it is endless Bull run.
The banks are in news as the RBI credit policy and anticipated rate cut in US and at home. The credit off take has slowed considerably and the real momentum growth in stocks can put to test in future. I foresee the Bull run can become a long consolidation period- more than 6-9 months with a range of 5250-6290 at Nifty level.
Sincerely speaking the movements at the bourses put my mouth shut and the study was put to halt. The other side is that the study has to be reflected in my trading so I decided to publish in my "moneymagicbnr.blogspot.com" as TRADING TECHNIQUES link.
Monday, October 29, 2007
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