The market is in a over bought zone right now. It can correct to the 4900 levels soon. Though the market may not fall significantly from here as yet telecom stocks including bharti and idea are good shorting candidates they can fall badly. One can get bharti at 260-270 levels and idea at 44-47 levels once nifty starts correcting.
i wish to say lot of discadring done on 06 oct vol3.69 cr at 64level, and accumulation started at 3rd oct 1.37cr,06/nov-1.37cr, 12/nov 50.80--- the stock is now in consolidation stage, any good news like 3G auction will start an explosion, as it was done yesterday for varunship,10% gain in a day,weak fundamentals.so don`t keep faith that stock is weakened and further fall upto 45level.if index changes path and corrects all stocks will correct, contrary to that this will move up as per my judgement,hope some one carefully studies the techincals correctly, the accumulation is done already.if at all it goes to 45 good buy.those who missed bus last at 50 are praying thsi to go below 50.but i think it is not possible now buy at present location other wise you will skip journey
| NIFTY 
