Now the time to wait……

The markets are under bull grip with out any doubt. People find different jargons to situations but the ultimate goal in market participation is to make money. The serious investor or the trend follower simple finds way to adjust in the right slot to take the pie worth deserving.
The strength of markets at the bottom and the building process was so excellent that the advancement was like creeping. The retail investors were skeptical to participate in the pessimistic environment. This provided a god sent opportunity to Bull operators to scale to touch new highs. The history is writing on the wall.

The Nifty rallied from 2539 on 6th March to 3511 on 16th April, in 24 trading sessions it rallied nearly 970 points with out any serious set backs.
The fall on 30the was really serious to cover but covered in style to trap the bears. The front line stocks like REL Infra, Rel cap, SBI, Axis bank, RIL LT and many more rose by 50% as the short sellers were seriously trapped. The classic example of retail short covering at the fag end of the day on “Infosys results-15th April” triggered rallyand effortlessly stocks fell on the next day itself.

Now the challenge is to find out the emerging trend. There some stocks that emerged as Bullish in the last 3-4 tradings and the earlier front runners taking a pause in the run up. The stocks like HUL, ITC, Wipro, LT, SBI, Axis bank and to some extent Bharti are exhibiting bullishness.
The RIL, ONGC, GAIL, Rel Infra, R-power, NTPC, DLF, HDIL, T motors, TCS, United spirits and metal majors seems to be buckle to bear pressure.
The short covering stretch can be observed in BHEL, Maruti, T-power and in United Spirits.