Nifty 5900 and beyond

Charts are extremely bullish, it’s a quiet bull market with low volatility. VIX is currently around 18 levels. We continue to remain bullish on the Nifty. Nifty is now rewarding investors for their patience after a long rangebound period. There is no resistance till 6350. FIIs continue to pump in money. Retail has started entering and will do so increasingly as the rally progresses.

Looking forward to Nifty 6350 and higher.

Watch the FII inflow

FIIs have pumped in 7700 cr in June, 8300 cr in July, 7200 cr in August and 7000 cr in Sept till date. We have analysed FII inflows/outflows since the time data is available and the market movements clearly rise and fall along with the FII inflows and outflows. More on this later - but for the time being FIIs are pumping in money in a big way and as long as that trend continues the Nifty is headed in one direction - upwards!

Stay long or be wrong!

Its a bull market...current momentum, breadth is very strong. Retail hasn't participated yet so they will throw in the towel and join now. Very high probability of huge moves in the Nifty now. Enjoy the ride!

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.

Market Update

The trend remains UP. There is a high probability that Nifty sees new highs once we break above 5550.

Auto, Banking, IT, Consumer Durables remain bullish
Telecom and Real Estate have just turned bullish
Metals has the potential of turning bullish in the near term.
ADAG continues to underperform.

Changes in Nifty

Following are the changes being made in the Nifty

Stocks going out: ABB, Idea, Unitech
Stocks coming in: Bajaj Auto, Dr Reddy, Sesa Goa

This could be bullish for the stocks coming in as a lot of ETF and Index Funds would have to buy them...Keep a watch on these counters

Nifty Update

The Nifty has closed above 5400 today. Its an important breakout from the 4785 to 5400 range and confirms the bull move as Nifty is continuing to make a pattern of higher tops and higher bottoms. If 5400 holds we should see fresh highs in the Nifty in the coming days, weeks.