Finally finished shifting to delhi.
Now need to do some unpacking.
Computer+broadband seem to be mostly working.
Market has overshot the minimum 4900 diwali target by a bit.
levels beyond 4900 (based on memory) are 5200/6000.
Since we didn't get much res near 4900-4950 expect support on a drop to that region.
More obvious/stronger support level will be 4600 breakout.
Fresh ground floor for the bull market is now 4000-4100 region.
Psychological level 20k sensex seems to be giving us the res.
20k is also a very old target.
A bit of consolidation up here.
Old tops = fresh bottoms in the strong stocks
Next target 25k then we go for 50k.
Weak sectors are the ones that didn't make new highs (IT/auto/fmcg i think)
look to short those perhaps.
Will update the site with levels once i finish downloading stock data.
Favorite sector for next decade? Telecom
Telecom will do for investors over the next 10 years what IT has been doing so far.
Saturday, October 20, 2007
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