i Develop Stocks Advisory

My Valentine....market It was a Valentine day’s gift from the market today so every one can buy expensive gifts for their valentine …. Today the nifty closed above the 200 DMA mark i.e 4910 and has stunned every one around. However profit booking is not ruled out as the people who have been trapped so far might just decide to exist at these levels and hence we recommend caution. As this rise was sudden volatility cannot be ruled out in coming trading days. Now confidence would return in the street when the nifty crosses 5550 mark. We are bullish but with caution and would be confident if the nifty levels of 4910 is not breached for couple of days and the nifty crosses 5550 levels. As if it were to breach 4910 levels 4400 is still not ruled out. So we recommend every one not to get over confident and jump into conclusion but be patient and keep a close eye on the above mentioned nifty levels. We would recommend all the long term investors having a time horizon of over 1 year to buy at every dips. Traders be cautious. Tomorrow is the last day for the cash settlement in the gray market of RPower and hence if the same goes through one can expect movement in mid cap and small caps from Monday onwards. Although the upper cct in Videocon and RDB Industries suggest that few operators have already recovered from the RPower trauma and so we expect others too would follow the suit…. Todays price hikes in petrol and diesel suggests that the Government has been able to convince the Left over the issue. So it would not be ruled out that the Government would also be able to convince the Left over the Nuclear deal with slight modifications. "The heart has its reasons that reason knows nothing of."