The month of MAY is so far the testing month for the Investors worldwide. Now one thing is clear market has chosen 5300 as it’s near term support. Well the upper side in the market depends on the triggers which are not coming now. The Govt. is moving one step forward two steps backward. When it cleared the FDI in multi brand retail we assume that is back to business seriously after the election. But increase of subsidy on upstream companies proves that the Indian politicians will never learn a lesson until finished.
Now 2G scam is nearing conclusion, Elections are over. Every possible bad news is factored in on the prices. A good Monsoon could be the trigger this market is looking for. FII are on the sell side to catch the running away commodities prices. Money always chases growth whatever may be the way and means. Now the commodities prices are showing fatigue. The rest is self explanatory.
Now my dear investors I am always in the camp which says half full instead of half empty. It always pays to be in the positive frame of mind, body and of course money. When going gets tough the tough gets going. When market is difficult we changed the trading strategy. We focused on the midcaps till Bulls and Bears settle it out among themselves. We still believe there is tremendous value still left in the midcap space and smart money is all out to corner hidden gems available on discount sale. In stock market only those investors make money who foresee thing to come in future.
Well next week positive market expected with some wild move in select stocks. Nifty is likely to breakout of 5500. If it sustain above 5540 with volume, then huge short covering is expected in the bear hammered stocks. Hence fantastic opportunity is available for some quick profit. Nifty will find support at 5320 ,5220 level.Since the expiry week it will see high volatility.
