- BUY at cmp 82
- Keep a stop loss at 73 closing basis
- Targets are 88 and then 93.
- We will analyse further as and when targets are hit.
We live in turbulent and confusing times with the Markets giving absolutely unpredictable moves in both directions. The overall trend seems to have an overbearing negative bias, with pull back rallies being quickly sold into and thus short lived. As most of you would be aware, the FII sell figure has been around now for the last 6-7 trading sessions if I am not wrong, barring a marginal buy figure a couple of sessions ago. There is gloom all around and most retail participants are in that stage where the sea of red on their Portfolios is enough to make them colour blind!!!
The thought of even looking at the trading screen is possibly putting off many retail investors. In short we are most definitely at the 'FEAR' end of the much touted 'GREED AND FEAR' spectrum.
However, take heart, as in this itself lies hope for the future.
As I have mentioned elsewhere on this blog as well, gut feel tells me that the 2nd half of this Calendar Year is likely to surprise most people by its strength and outperformance. In a lighter vein, unfortunately I don't have anything more substantive than gut-feel to back up the above statement!!
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