5500 on the Nifty was a cake walk in the markets today, a typical bull market close with the markets closing at strength. Daily volumes on Nifty have been 68% above its average volume indicating the continuation of the prevailing trend. Long trades entered at 4795 is up 700 points and getting stronger. The next hurdle for Nifty is at 5600 and 5700. The chances of these targets getting reached are very high at the moment. The leaders in the Index have good strength in them to take the index to next levels.
New High / New Lows Index shows gaining new highs on many stocks, the days count is 37 new highs to 1 new low. Cement and Private banks keep the lead followed by software, pharma, Auto LCV/ HCV industry groups.
Bull market was confirmed long back, but even now many analysts are skeptic about the move and 'Experts remain cautious despite party on D-Street', this has been a headline in one of the prominent financial sites today. Smart money in the markets are loading truck loads of cash and are laughing loud to their banks, while the followers of market savvy analysts are left to lurch either with their shorts or missed a wonderful rally.
Even now the opportunity is not fully lost. Though not all stocks are strong at the moment, the leaders that took the index up to the current levels have real strength in them and most of them have out performed the major market averages. There are opportunities lying to be taken in these stocks on their pull back to value zone.
Those stocks that appear on the 'Ready to Take off' and Big Money Channel listings of our BTT ranking tables can be tracked for such pull back trades. Would you want us to assist you in stock selection, please write to success@bravisatempletree.com. We will be glad to help you out.
Have a very great trading experience.
New High / New Lows Index shows gaining new highs on many stocks, the days count is 37 new highs to 1 new low. Cement and Private banks keep the lead followed by software, pharma, Auto LCV/ HCV industry groups.
Bull market was confirmed long back, but even now many analysts are skeptic about the move and 'Experts remain cautious despite party on D-Street', this has been a headline in one of the prominent financial sites today. Smart money in the markets are loading truck loads of cash and are laughing loud to their banks, while the followers of market savvy analysts are left to lurch either with their shorts or missed a wonderful rally.
Even now the opportunity is not fully lost. Though not all stocks are strong at the moment, the leaders that took the index up to the current levels have real strength in them and most of them have out performed the major market averages. There are opportunities lying to be taken in these stocks on their pull back to value zone.
Those stocks that appear on the 'Ready to Take off' and Big Money Channel listings of our BTT ranking tables can be tracked for such pull back trades. Would you want us to assist you in stock selection, please write to success@bravisatempletree.com. We will be glad to help you out.
Have a very great trading experience.
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