Oh WOW, what a week this had been. Bulls took full control of the market. Forced the Bears to cut of their short positions. Nifty had not seen in 6 months, its close above 3200 levels. Markets opened up strongly rallied and closed almost at the high. Nifty for the week has closed at 3211 up almost 5% or 150 points after making a high of 3228. Sensex also settled above its psychological mark of 10000. It closed at 10348, up nearly 4.50% or 447 points above its previous close. It made a Intraday high of 10432. Accept Hindlever and Herohonda contributed in the rally and took the indices above its resistance levels. Nifty still has a big resistance level of 3200, as everyone know it. Book profits at around 3250 levels. US indices futures were also positive while our markets were closing. There were good buying seen even in the mid cap stocks. Volumes for the week was also good. In the week I had given some BUY calls on 02/04 Tata @ 210, ICICI Bank @ 350. On 01/04 Rel capital @355, SBI @ 1037, ICICI Bank @ 324, RIL @ 1503, Satym ( still at the same prices). On 31/03 ICICI Bank @ 321. On 26/03, GVK Power @ 20.5, DCB @ 18.85, Suzlon @ 45. We can see the stock prices surging, to outperform the Indices.Relcapital is facing resistance at 421 levels. Expect fire works above 421 close. Axis bank above 445. Suzlon above 50.80. PFC above 145. NTPC above 185. TataPower looks good @ 848-868-879. The International Monetary Fund (IMF) is sitting on nearly $95bn of Gold, and it has been authorised by the G-20 leaders to sell gold to assist poor countries. This wiill definately lead to correction in the gold prices. Gold had a cood support at $913, its already trading below that.
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