Nifty
Nifty [4997.05] opened 1% above its previous close yesterday and and was thrown back from the earlier upward sloping trendline (which now has acted as resistance level).  I am not positive on Nifty and do not expect it go above 5054 next week.  Would prefer to liquidate all short term positions (I consider short term as position which I would not want / prefer to hold over 2-3 months) now and

Nifty, IFCI, Gitanjali Gems, Reliance Industries, IDFC
We had mentioned in our October 13 blog that we would be seeing a Classic Class A Divergence which has materialized.  Where to now ?  I fear the markets should go down by 100-200 points even if the same does not happen immediately.  In the meanwhile the markets may make an effort to pull back to the trendline just broken.  However, the market can get support at a point where 14day RSI

Nifty
A lot of our good work has gone for good behind two bad decisions – IFCI Options and RCOM.  It happens.  Options are very risky as a class of instruments if not used for hedging.  RCOM could have been sold even after it showed the first big drop on 6th October.  However, its too late now.  We would now wait for a better exit opportunity, though it may take a long time.  Nifty [5118.20] should

Nifty, Reliance Capital, Mercator Lines
Nifty rebounded with strength from the trendline yesterday.  This is a good sign for bulls.  This bounce may be able to take Nifty to 5300 levels.  However, this bounce should not be used for entering into long term positions.  Investors should get better entry points later.  I expect to see a classic Class A (3 points of which 2 points are already plotted as on date) Divergence where the prices

Nifty, RIL, RCOM, Gitanjali, Aban Offshore, REI Agro
Our portfolio has hit a lean patch.  Gitanjali Gems is crawling along its upward trendline but any sporadic sharp movement has met with selling pressure.  Lets wait and see.  I was quite positive on REI Agro.  But it is a negative performer as on date.  Does not make sense selling it now.  It’s fundamental are strong and it should give us good exit opportunities sometime in future.  As on date