GOOD ECONOMY…..

Our economy is doing well and we will do well in our markets…..
The statement is good for India, with the IIP numbers are growing above 13.8%, especially with the support of capital goods but not the leading economies like US and Japan. So the pressure on our markets will appear, as an integral part of the market movement.
Last week the Tata Steel touched a high of 596.65 and Bharti touched 357.95(we expected as.. likely to touch 592-98 & above Rs 365/-level).
The Nifty is taking every positive sign to push to new highs. The charts are very supporting to it above 5470 level. As of now it looks like Nifty may touch 5860 level but the journey may not be in single direction but definitely upwards till it reaches the goal. As of now I see a resistance at 5687-93 level.
The RBI likely to consider monetary tightening measures by increasing the CRR by 25 basis points to reduce the supply lead inflation. The second quarter industrial out put is on strong footing but the market then ignored news like increase in the gross Non-performing Assets of the banks like SBI leading the table followed by IDBI could trigger a negative blow.
The market participants are interested take long positions as the industry cycles participating in the up move is increasing. This is attracting more retail investors to take call for extra gains in short period.The nature of retail behavior is common and is a replica of the falls recorded as history yet to take place. This can be identified by the FLOOD of retail orders and SKY HIGH rocket speed price rises in the UNKNOWN/DESTITUTE stocks.