Dear Investor,
Congratulations to all of us. I have never seen India unite for a single cause with this intensity. Finally we win World Cup and bring the glory home after 28 years. God bless India and its team.
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NIFTY is on its winning streak for last one week. When it broke out of the sideways pattern I quickly posted list of stocks that could probably make best money and it has performed really well gaining 5 to 15 % in just a week. I will find more stocks as we go forward. I personally believe real estate and infrastructure space will bring in the most gain as rapid pace. Well, this was first breakout and rapid rise in one single week usually greeting will selling pressure in next week. It was also quarter end for mutual fund managers so I am not sure if they play some game to get everybody in to the market. There are not many negatives in financial markets so it makes sense to be in market and look for opportunities.
Many people do not like Anil Ambani Reliance group. Well, I have nothing personal about those investments. I find that following reliance communication chart is textbook base one from here it is expected to move upwards. Your stop loss will be around 100. If the stock closes below 100 then it would prove to be fake breakout.
LIC housing finance is gaining ground. It would be good idea for it to pull back and then start building position. Its breakout on upside is strong.
Reliance capital has characteristics of winning stocks. Almost everything about this chart is positive and one should seriously consider watching this one closely.
NIFTY started moving on upside. I did not expect it to move this far this fast. anyway, it has moved and people are accumulating shares of large cap companies. Stocks are lining up for going up but never rule out chances of corrections. Fast rise is usually followed by fast sell off and then a quick rise again. Point to note is short term uptrend is confirmed, more and more buyers are jumping in so any sell should be used to buy more and build your position bigger and bigger.
This is no time to stay back and keep waiting for correction to give you opportunities. Be selective. Study to charts and I have recommended few stocks above. I will find more for you. This blog subscription is rising fast as we are able to generate profit for people.
Be Happy. Be a Winner. and I know you will be happy and winner both.
Thanks
Anil
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