WINNING STROKES: THINK DIFFERENT:

The bulls in full control of the market momentum. A breakout likely in the days to come.

Buy on dips seems to be the "mantra" for this season...

The momentum in Prajay Engineers Syndicate, Dolat Investment Ltd, Ennore Coke Ltd, Kohinoor Broadcasting Corporation Ltd (What is the new news in the counter??!!), Fame India Ltd and Glory Polyfilms Ltd (www.glorypolyfilms.com) seems to be very strong....

The price action yesterday depicted choppiness around the 4200 mark. Eventually the day ended just a tad below the even keel showing the indecisiveness in the markets. The trend of the market is still positive as the bulls seems to be in full charge of the affairs. This means that the chance of an upside breakout of the current range is more likely. A move above 4310 is likely to result into very strong momentum on the upside. Traders should initiate positions accordingly and should use every dip as a buying opportunity. The long-term trend of the market is congenial for initiating/holding on to the investments. A significant upmove possibly to 4700 levels in case of Nifty, seems likely in the next few trading session before any meaningful downturn can happen.