==>> So finally we are at 5200 levels.

So finally we are 5200 levels. WOW what a rally that has been from 4650-5200 levels.
Major brokerage firm were negative on the markets. They expected the markets to fall till 12000-10000 and in Nifty till 4000 levels. I found no reason in such fall. Corporate results are fine. IT sector are giving good results. Only concern is the Inflation, which will also be controlled in near future. GDP rate is expected at +8% for the current month.
At 4650- levels I have given Nifty target of 4950 and the close above the same will pull the Nifty till 5200 in short covering or fresh long built up. All the targets have been achieved comfortably….

As I have said it will not be so easy to recover from the carnage that has been done to the Indian markets. Markets will see bit of correction or profit booking from this levels. Markets will see some consolidation at these levels. But no one can stop the Nifty to touch the next target of 5400.

For the traders I had given call on RNRL at around 118. Traders can book partial profits at the current levels. Few months I have given a del call for SESAGOA for a long term investors. Congratulations for all those buyers who are still holding. Sesagoa have declared Bonus and Split also. RIL also did very good. Long term investor still can hold on to it..