Hi CB, thnx sir..:) happy weekend...

Hi CB - I am happy. Market has taken U turn..... Hoping to see market touching 5500 or even lower soon.... :)

HI CB, SIR THANK U FOR YOUR RESPONSE..

CB sir, will market bounce back on monday. I have 5800 CE. Hope we will all in profit till monday.

Hi CB, Good evening CB.

Hi Aravind, Axis bank has good support at 1103, if breaks it can fall to 1040 and resistance at 1211, if breaches, it can move upto 1280+. It's in over-bought zone any time may take a U-turn.

Hi sanzy, U can buy and sell in F&O during special trading section as usual.

Hi Munna, L&T has support at 1560,1521, if breaks this level can fall upto 1400. Yes, hold L&T with SL of 1680-1700. It's in over-bought zone. Very likely to correct in coming week.

Hi Akash, I already told u to puts, should I give u in writing with my signature & stamp on it? Please kindly don't buy if u have no confidence in market correction. Day before yesterday all the markets along with the Dow and EU were in red but our nifty rose 70+ points, can u tell me the reason why it happened? I mentioned clearly to buy if and only if u u don't worry even the nifty touches 5800 again. Doesn't I? Coming to the FIIs, let them go to hell, I never bother about them as I trust completely in technicals. I bought today and then I told u people to do the same thing. Why would I buy if I get loss. Wait and decide for urselves.

Hi avik,Good evening. Yes, that's very wise thing which u r doing as of now, wait & watch and then decide whether to buy or not. But it's very difficult for the market to sustain in these over-bought levels.

Hi Raghu, As SBI and all bank stocks along with the bank nifty index is in over-bought zone, correction is very likely to take place. So hold with the same stop-loss strictly.

Hi MK, That's good to hear and congratulations. Yes, correction is imminent in coming days of this month and I guess nifty likely to test 5600 level again and even 5550 is possible. All the stocks along with the index were in over-bought zone and anytime market may take a big U-turn by trapping the greedy bulls.

Though this market attracts people by suddenly jumping up some couple of points, it doesn't mean that it's going up and continuing in bull-phase but shall be considered as BULL-TRAP. Even a child knows that the market is in over-bought zone and it's likely to correct and many people start shorting the market but this market is tooo clever and cunning to predict, hence, it diverts attention by recovering suddenly and makes people believe as if its going to 6000 by this week but that's not true.
People who bought puts need not to worry, this market is going nowhere but to south in coming days. Healthy markets resumes bull-run after a reasonable correction afterall, it's basic rule of stock-market rule.
---IMHO

Hi CB - Responded to your e-mail.

HI CB,

nifty will possible new if 5700 support will not break,

why front line stock like RIL, TISCO, MARUTI, LT,

SBI,HDFC, MNM ,TATA MOTOR ALL REACH NEW HIGH

OR ALREADY POSSIBLR BREAK NEAR BREAKOUT.

GIVE YOUR OPINION.

Hi All - Good Evening...