Hi friends,
Market yet can not be said in the bullish trend. This upmove is more likely to be a bear market rally and it is at a strong resistance level now. If declined from here and does not go upward breaking the resistance it can go to 14500 level in time to come.
In this time of uncertainty market players should stay at a safe distance and watch the trend, however, STRIDES, TATA COFFEE, CAIRN etc are good buys as reached or reaching all time highs. IRB also a good pick and seems to have changed the trend. BANKING looks weak after arrival of the news.
Tomorrow being holiday on account of 26th January and expiry of this f&o series , positions will be squared up , market may give a decline.
More later,
Regards,
Jagruti.
Market yet can not be said in the bullish trend. This upmove is more likely to be a bear market rally and it is at a strong resistance level now. If declined from here and does not go upward breaking the resistance it can go to 14500 level in time to come.
In this time of uncertainty market players should stay at a safe distance and watch the trend, however, STRIDES, TATA COFFEE, CAIRN etc are good buys as reached or reaching all time highs. IRB also a good pick and seems to have changed the trend. BANKING looks weak after arrival of the news.
Tomorrow being holiday on account of 26th January and expiry of this f&o series , positions will be squared up , market may give a decline.
More later,
Regards,
Jagruti.
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