Hi,
This is a detailed update on the current market scenario with our favorite stocks. In our previous updates a couple of weeks back at 5400-5100 we had mentioned one should at least keep 50% cash.
We consider the next few weeks would be a good time to start deploying cash but keep in mind to book partial profits on bounce backs.
Expect the markets to find a short term bottom in the range of 15600 ( + – 200 points) and traders can keep a stoploss of 15400 on closing basis if going leveraged.
Download the latest presentation from the following link below
Sensex - Short Term Bottom in Sight
Happy Investing ,
Nooresh Merani