The''LONG" weighted.........

The Bulls made a killing in the bourses, along waited accumulation sparked with a stellar performance that even greeted the new RBI Governor.

The regular readers will notice the developments and the levels suggested were in line with the performance of the markets. A copy of the earlier suggestion will be pasted for study and reference……
Yester day posted as the markets may recover on the back of RIL up move which can save the markets if it trades above 2120 level and weak below 2104-06 level. The RIL got support at 2125. The ONGC is weak below 1015-18 level and good above 1040 level which may not possible to day(yesterday expected).But see the ONGC move today made, regidtered low at 1040.

I categorically mentioned in my previous posts as …. The Nifty as earlier said has support at 4280 level but it shall not trade below that level as it is a sacrosanct level with a small consideration up to 4240 level that could become as a last chance. The upper side pressure are used as opportunities to buy the stocks, enables the Bulls to run smoothly “turf clearing” exercise for a big up side move.

I clearly mentioned in the morning about the stock specific action and the equities fall in line with global action, likely take off at stocks like SBI, Relcap, ICICI bank, DLF, JP, RCOM and even Cairn fell as expected in the morning, the moves gone in our favour as the crude crashed even to 104 dollars breaching the 110-115 band.

Please try to read my earlier posts for better understanding of this situation.

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.