So far so good….

The Indian bourses shut for last Friday and the world over made some positive closing is not an opportunity to buy on Monday morning, because the other major markets fell but we continued our positive move during the week without a break. The argument is not to discourage the buyers for future gains but to alert the commonality being under observation.
Now the emerging challenge to our markets is the immediate threats placed due to the interdependence for imports and exports with the rest of the world. However we strongly claim on our internal consumption driven resourceful economy, we have to live with the rest. The double dip recession may not be our problem but our markets like to taste the bitterness of the fact as the world major economies are struggling to cope up with the falling data figures. So the Nikkei, S&P and the Europe will put their pressure on us to follow their falling trend albeit with lesser pace.
As a whole the West is looking for a better place to park the excess liquidity in a safe, growing, conducive in socio-economical geography, crystallized with relative terms on India. The large country with growing young educational minds has huge absorbing capacity be it knowledge or skills, likely outperform the peers, placed us in comfortable situation for next 5-10 years. There is very little threat existing to destabilize the factors under consideration. So the outperformance when compared is assured.
The numbers are the money spinners in the stock markets with time in the backdrop. This is all about knowing the number game. Be it a day to day for technical chartists or corporate financial results for fundamentalists or the growth numbers for economists-every thing boils down to NUMBERS. ALWAYS LIVE WITH NUMBERS-GOOD OR BAD.
The Indian markets are continuously in Bull grip and likely to enjoy the bottom support till it touches the trigger below 5412-16. So at Nifty level, it is not a sensible decision to go short but the individual stocks reached high can throw/offer some opportunity. The Nifty is likely to face resistance at 5668-73 level and the support at 5606 level for Monday.