On the back of land bank allocation by West Bengal government to this company, the circuit of the stock has been changed from 5% to 20%. Whenever it was done in the past, the stock rose atleast 50%. I am expecting the same thing happening this time as well.
IIP nos were way better that expected and we still tanked. Strange , last time we rallied up when IIP first time hit -ve mark. I read your analysis today and let me complement you that you are doin a very good job. Thanks for that. I was short on ICICI and ysterday booked profits , today took 500ca 2 lots expecting a mild rally. Today it wud enter oversold zones and Icici rallies when its in oversold territory though small if mkts dont support. Its anyways having a tremendous support at 415 zone which aint gonna be broken easily. We have lost a significant amt frm 3100 in few days and a retracement is expected now.
Thanks coolboy. Well, what I expected yesterday has come today. The upmove was so sudden that it left Nifty Futures at 40 points discount!!! Just one thing is giving me some worry. As per SEBI website, FIIs were net sellers today. If they didn`t buy, who did? Are the DIIs so strong to give the market such a jump? We have to wait and see.
If the inflation figure continues to be down tomorrow, the pullback that we saw today would continue. How long? Well, 3000 is a possibility as of now. We can reassess the situation again once it crosses 2950.
| NIFTY 
