==>>BANGGGG

Finally, we are again at 5000 levels. Today Nifty after touching a high of 5087 in the early trades, showed good strength till the inflation figures were announced. Inflation was almost flat at 7.61%. That was not the only reason to drag the markets down. RIL was down almost 5%. Inflation is rising higher and higher. To control this, CRR might be hiked or intrest rate will be increased, stay away from the banking stocks.

Nifty closed at 4982.60 after touching a new low of 4969.4. Nifty always found a good support at 4970 levels. Nifty fell down 2 % but that did not stop some of the scripts to reach their targets. Nifty close below 4970-4950, it can dip till 4800 levels, but it seems so it is not possible, as there is no great news to pull the Nifty down till so much.

Buy and sell call for RIL was given with the upper and the lower break out prices. RIL could not manage to rally upside, but did pretty well sliding down. Another call was for PSTL, BUY above 383 tgt 390-398-415, managed to touch 399. Tata steel missed the target by Re.1; call was given on 06th May.

Read some article about the Indian markets in the leading news paper. They mentioned that there will be a good rally in the Indian market. But still argued and stood by the words. At the all time high also these guys mentioned that the Sensex will touch 23000 and Nifty 6500. and you may have definitely seen the effect………….

Always keep in mind, DON’T MARRY THE STOCKS. If the markets are bad then say it is ‘BAD’. Don’t try to make it good by just saying ‘GOOD’