MARKET HAS BEEN BOTTOM OUT FOR MEDIUM TERM

GOOD EVENING ALL

AS WE TOLD MARKET MAY FALL FROM 20 JAN (WE TOLD IT IN COMMENTS),NIFTY DROPED FROM 20 JAN AND TOOKED SUPPORT AT 2661 (ABOUT 80 % OF PREVIOUS FALL). AND OUR 2700 PUT MOOVED TO 191.

IT SEEMS THAT MARKET HAS BEEN BOTTOM OUT FOR SHORT TERM & MEDIUM TERM AND PREPARING FOR A BIG MOVE. IF ANY CLOSING WILL BE ABOVE 10200 THEN SENSEX MAY MOVE ABOUT 30 % (UPTO 12500-13000). WE WOULD LIKE TO ADVISE THAT ONE CAN INITIATE LONG POSITION ABOVE 10200 FOR 30-40 % RETURN IN 2-3 MONTHS WITH SL 8700-8200.

FOR NEXT WEEK RESI SEEM AT 10200-10100 WHILE SUPP SEEM AT 9000-8900.

WE MAY TAKE LONG POSITION IN TISCO UNITECH RELCAPITAL NTPC RPL ABOVE 10200.