The cross roads??? or Consolidation!!!……

The markets are really in desperate conditions to move south wards. The current up move has really built some hope in the bulls failed to keep alive. But…there is always a chance to trap the bears now so that the Nifty could touch 5450 level with out any resistance. The tomorrow and next week market shall float above 4950 level.

The markets fail float will sink deeply .The Nifty will touch 4450 level with out any support. It will be like a free fall. In that case the bottoms are built only when M&M touch Rs 605 level. The Reliance will touch Rs640 level, even Rs590 level is not ruled out. The TataSteel will touch 320 level.

The market are bottomed out for a long-term investor.. because the quantity one would like to acquire will get honored once some deep-pocketed investor starts buying at this level. The mid cap and small cap acquisition has started now. There is a classic example: Take for example Cable Corporation of India. For the last two trading session, the counter is highly active. Earlier it used to trade 5000-8000 range in a day. Now on Thursday the counter traded 3.68 lakhs. The beauty part is, Friday also traded 3.5 lakhs. So what is surprise?. The real secret is up to 1.45pm, the quantity traded is ZERO, in the last two hours the quantity traded is 3.5 lakh that to the range H-21.5-21.0-L on Thursday and H-21.5- 20.90-L on Friday. So what is cooking???. One can say it is a stray example?. NO issue, but that is how things happen in stock market.

Now the upper side, the whole market gets the energy when RelInfra trades above 470 level. Don’t for get that it is one of the favoured scrip in many FIIs list. The other counter is Relcap which touched Rs 250-260 range in 7 years back now reached that level for a retest. There are some small and midcap scrips are available for through away price, can be acquired with out any doubt. There some turned around stories are making in the large caps for a secured multi-bagger returns. Now the market is strongly building the bottom for a big run in coming years. The daily or swing traders can see no big difference but those who can do a KOI-Keep On Investing, principle can start accumulating!!!!!.