|Market This Week
||As predicted in the last market view, last week was extremely good for all of us. NIFTY rallied on all days. We received a lot of emails form our clients who were happy informing us that they made good amount of money. A note to all these clients, never block running horses. Hold on to counters that are rallying. They might turn out to be a BF utilities, Aurobindo Pharma, Tata Elxsi, TVS motors etc tripling or doubling in 3-4 months Or lately like a Tata sponge or a Monsanto currently more than 25% in just a week’s time.
Now till the elections, the market would be in a consolidation zone but with a bullish bias. A pre-election rally may be around the corner and we should keep a watch on it. Earnings have started to catch up with valuations and also there are news and signals that the economic downturn has started to bottom out. The FII’s have taken some good positions in the Indian markets. So overall, good times to be in the Indian markets. The levels of 6000 would act as a crucial support and we have nothing to worry as long as NIFTY respects this support.