LOOK AT TREND LINES

LOOK AT TREND LINES

market status

i will put it in different way. at present over all 3 different scenarios are feasible.

bearish : we are correcting in A-B-C pattern. we have completed major A at 7697, we have completed B at 14931 or we will see little higher top betn 14931 -16k and complete B and we will see major C making new low or double bottom before going for a fresh bull run.

bullish : we have completed total correction in 5 wave pattern and we are in new bull run and we will see levels higher then 21206.

optimum : we are correcting either in A-B-C or A-B-C-D-E pattern. we have completed A, we are on B. Ba upward completed at 14931,we are on Bb downward. on completeing Bb we will go for Bc upward again and that will be a very good time time to book profits and geneartion of cash.bcz we will see C wave dnward after that.

stratejy: today we have seen bearish reversals in no of mid and small cap stocks. no of stocks were up by 5 to 10% up today and have closed dn.more over we have reached very close to 13479 level which was seen as low open level on last monday post election result. today's low is 13511. i have mentioned in detail in prev mail abt supports at 13500-13300 zone and after that 12300.we have to see upward trend line also.so now it will be better to buy in large cap only on reversals in upward direction.

watch pharma stocks

pharma stocks are showing strength. look at them for short term buying.