Friday, September 3, 2010

Market update

Overall trend is UP. Markets are looking very strong. Charts are bullish.
FIIs continue to pump in money, High probability that we see an explosive move upwards.

Auto, banking, consumer durables, OMC look extremely bullish.
Telecom (Bharti Airtel and Idea) and metals (Hindalco & Jindal Steel & Power) have given fresh buy signals and can be the next potential outperforming sectors.

3 comments:

Harish Kumar said...

Hello Sir, Nice to see a contrarian opinion when all the fundamental analysts on the street are bearish. why sort of technical patterns are looking in different sectors at when you are saying you extremely bullish. ?

Harish Kumar said...

What is your view on Hindenburg Omen being noticed in US and Indian stocks with some stocks creating 52 week highs and some 52 week lows ? Can you see this as a major indicator for any downturn in markets or this indicator has been failed to give signals ? Your comments...

Harish Kumar said...

What is your view on Hindenburg Omen being noticed in US and Indian stocks with some stocks creating 52 week highs and some 52 week lows ? Can you see this as a major indicator for any downturn in markets or this indicator has been failed to give signals ? Your comments...