Dear Investor,
We have been to this level again and again. Last time it was 5400 where the market reversed. Day by day, the risk element of the market is disappearing and we are getting stabilized. May be few down days but overall it is very very bullish to me. It might not be next few weeks but chart patterns are very strong. Prudent investor should let the NIFTY go above 5400 before really getting more excited. We should not revisit 4800 from here. Up Down days are okay but no visit to 4800 is must for next leg up.
I like JSW Energy. It is getting very exciting support right now. It should close above 130 and stay above 130 for at least 3-4 days. NIFTY at its resistance level so be careful with any new investment.
Thanks
Anil
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