Where are we now???? any way....

Where are we now? with the built-up bottoms …..

..........EXACTLY 4 DAYS AWAY FROM MARCH F&O CLOSING.

The Nifty has made a case for it self to build its bottoms on the strong foundations admist of global turmoil such as natural calamities, manmade wars, and uproars against regimes. The severe deep cut from 6300 level to 5180 level gave an opportunity to build the bottoms at 5200 level and from there on at 5650 level. The bottoms are built up for sure provided it stays above 5370-80 and crossed the 5540-30 level with confidence.

NOW THE CURRENT PRICES ARE ALSO EXACTLY AT( same levels) 4 DAYS AHEAD OF FEBRUARY CLOSING.

OFCOURCE there are some out performers like Reliance by Rs 7%, LIC is also by 6%, Kotak bank up by 8%, Axis up by 8%, Coal India is up above by 18% and Relcap up by 20%but the disappointment is with SesaGoa by 8%, Ranbaxy by 12%.

The HLL under performed where as ITC out performed. SBI, Tatamotors and Tatasteel are underperforming by 4-6%.

The Nifty is just 1% up………………OK