expectation of a bull move upto somewhere around 4140,was mentioned here ,a few posts earlier, but frankly,this was a little too much !!!!, reason was simple though, too good election results and bears were trapped in far away range of 3530-3720,,so huge short covering was imminent, so bulls never wanted bears to escape easily.i expect a short -med term corrective range bound markets ,before another bull move maybe upto 4600-4800 range, around june.i expect this beacause of few factors,1) good monsoon symptoms again(agricultural boost wil be a big helping hand for the new govt.),2) budget expectations ,3 ) first 100 days, agenda of the new govt. 4) as usually technical reason,that is a SUPER morning star pattern in indices on quarterly charts( q ending june -09)., being developed.
sensex reaching and getting some resistance again at 2.618 levels of the last leg of downfall on WEEKLY CHARTS.
HERE are the charts
a few stocks ,i would love to recommend,as short to med term buy n hold............... skumars...close 32..tgt 41 short to med term....buy atlas copco 580 positional tgt 779buy fedder llyod ... buy n hold ksb pumps tgt 360---420 current 304 ..... buy n hold fsl 21 tgt 30
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