03/11/2013 Sunday
Hi,
The news says that...
The Sensex has made a new high, but only eight stocks have contributed around 70 per cent of the upmove.
Cigarette maker ITC has contributed 12.50 per cent to the Sensex's rise. Infosys, TCS, ICICI Bank, HDFC Bank, HDFC, Tata Motors and Reliance Industries are the other stocks that have contributed significantly to the current rally.
This shows the extreme polarization in the markets.
Keeping a list of highest CP (Today or Friday's) of all the above stocks will definitely help in deciding the market sentiments from Tuesday onward's.
So when the above stock tanks down the market will follow it more swiftly.
Today's LTP of 6350 is not good going forward, as it shows early signs of rally getting exhausted. Even today NF was not able to sustain at higher levels and it just broke down.
If Official CP is below 6348 then the rally (if any) will be used to sell more rather then buying.
Let this and all the coming Year's be a Prosperous Year's for Indian Traders.
FII's nay bhaut kamaliyea, hum bhi thoda bhaut toa kama he latay hai. Lekin yea Greed (Laa-lach) salli "Thoda Aur, Bus Thoda Aur..." bol, bol kay dimag kee souch nay disha hi badal day te hai. Kher apany dimag kee apnee souch kabhi galat nahi hotee, aakhir dimag bhi tao apna he hai. Toa Laa-lach buri kyu hoti hai? Salla, aiysa kaun saa market hay jo Laa-lach kay bina chalta hai?
Please, NGO's ya phir Non Profit Org ka name mat likhna.
Bye