@OT, I had posted this message few weeks ago. It was no surprise to me to see the rally from the oversold levels. I was personally long in some of the high quality stocks which I had suggested in one of my earlier messages to the members. It is time for me to book profit and stay in the sidelines until I spot the next opportunity. The only asset class I will be long and picking on every dip is USD/INR.
28th February
@DSM, In this leg of the move , I don't see Nifty falling below 5590. Close to 5590-5600 I see a sharp pull back in our markets to the extent of at least 4-5%. Both Bank nifty and Midcap index are extremely oversold and this will lead the rally from the front. Going long close to 5600 will be extremely fruitful. Will analyse the next leg of the fall and post it here once the relief rally gets over.