NIFTY HAS GIVEN SMART MOVE AFTER CONSOLIDATING 7 DAYS. I TOLD YOU YESTERDAY THAT NIFTY HAS FOUND ITS NEXT DIRECTION TOWARDS UPSIDE. THOSE WHO HAVE NOT ENTER IN MARKET AND WAITING FOR A FALL, MARKET IS NOT GOING TO GIVE HIM CHANCE TO ENTER AT LOWER LEVEL.
AS YOU WOULD HAVE SEEN IN RAINY SEASON THAT MASROOM PLANTS ARE GROWN UP ALL AROUND, SIMILARLY NOW WHEN MARKET HAS MOVED UP 1000 POINTS FROM ITS 2011 LOW SO MANY ANALYST HAVE STARTED TALKING ABOUT NIFTY NEXT LEVEL. I HAVE ALERTED YOU EARLIER THAT MARKET IS GOING TOWARDS 5600 LEVEL.
NOW WHAT NEXT????????????????????
YESTERDAY WHERE 5400 PUT ADDED 1536300 SHARES IN OPEN INTEREST. MORE THAN DOUBLE OPEN INTEREST 3303450 SHARES ADDED TODAY IN 5500 PUT.AND 5500 CALL REDUCED 19994700 SHARES FROM ITS OPEN INTEREST. FII BOUGHT TODAY MORE THAN 1800 CR TODAY. EVEN WRITERS ARE GOING AWAY FROM 5600 LEVEL.
EXPECT A RALLY TILL 5756 IN THIS MOVE WITHIN A WEEK WHICH I TOLD YOU ALL READY ON 11 FEB. POSTED LINES ARE ABOVE SHOWN ALREADY.
SOMEBODY ARE STILL WAITING FOR A FALL TO ENTER IN MARKET. I WOULD LIKE TO SUGGEST THEM MARKET IS NOT GOING TO GIVE THEM CHANCE.
TILL DECEMBER 2012 EXPECT NIFTY 9000 TO 10000 LEVEL.
SO MY DEAR FRIEND CONSIDER NOW MULTI YEAR BULL RUN.
WE MAY SEE A MINOR CORRECTION FOR ONE OR TWO DAYS. BUT BULL HAS TO STAY ABOVE 5450 ANY HOW.