BULLs ARE IN COMMAND......NIFTY FOR 6750...!!!!!

Nifty spread is increasing considerably is a good sign that the BULLS are giving higher premium for their CHASE. The Nifty touched 6200 in the third week of May-2013 saw a serious onslaught of BEAR hammering brought to 5100 level in August-2013. Many analysts said that the markets are out of FII favour, bear grip on Dalal street and ….etc but I clearly mentioned to many that the sharp rally is expected and “It Happened”…Whether people like me predict or not markets will take its course as and when required….it is only “WE”…stay with “WHOM”….is always matters….for making MONEY…..

Now the situation is at cross roads and most are expecting a serious rally from here. The Nifty has reasonable resistance placed at 6330-60 level...means we can expect a HIGH cut at 6239 to 6350..a meager 100 points….The good for doesn’t end here the markets are well positioned for a rally up to 6750. The bottom support at 5770-20 is well positioned but the broad range is 6750-4865.

The results of RIL are not very encouraging despite of the Rupee fall as the rise in crude prices could boost the revenues but the real strength is in boosting the KG basin gas output and the profitability at higher rates prescribed by the Ministry.

The TCS results are far excellent than its counter-part INFY. The stock is poised for a HIGH of 2440 level but may even touch 2620-60 level.  The Infy has resistance at 3480 level may touch 3620 but it is safe to avoid Infy as the Investors will offload seriously. I advised people to stay away as the counter is expected to touch 1200 when it fell below 2400 from a high of 2700 with sharp volume increase!!!!. Then there was some un-expected lobbying by FEW could change the fortunes for NOW. I was also surprised on the comeback of MNM again at the helm.

The HDFC Bank results are good on this economic scenario but the price at which it is ruling may not be possible to stay above 660 level. Although it has some upside potential upto 707,717 to stop loss 757. The Bank-Nifty has resistance at 11428 and 11765-11728 level.