NIFTY is into a longest consolidation pattern since 2000 on the weekly charts. The last time we had such tight range moves was between April and September of 2000. Now the consolidation which began in the last week of January 2011 is yet to find any direction. With results of leaders likely to be disappointing this season too, there seems to be a continuation of the consolidation move with a very broad range till the end of 2011.
Investors can still make profits in the market, but need to be more stock specific. Stocks like TTKPRESTIGE, BINDALAGRO, BATAINDIA, VIP etc., have more power and can out perform the markets.
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