Thursday, June 07, 2007

Strong stocks

Aban today up 2.7%
srf and litl holding 166-168 so far

srf/litl/aban/hindlever
beauty of buying @ support
support becomes res
u get break even exits..

reason is most declines in a bull market are of corrective nature and have significant overlap

Nifty : can't think of any gr8 reasons to be long unless
I was a bottom fisher buying the discount.

IT is also gaining in strength
Satyam/infy strongest

bank/autos still quite weak.
maybe lower inflation can help.

Here is the bigger problem with nifty.
Broken trendline
Broken swing low
Can take a while before the uptrend returns.

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