Which way the wind is blowing?

Market may not remain bearish today.

As I have informed on Wednesday those who remain shorts will lose their shorts.

Crude prices are down. Yesterday Nifty  made a comeback from 16900+ to 17000.

Sometime back we informed you that bulls will not meekly surrender the 17k mark.

We further informed you that it may slightly go down below 17k but bulls will fight back to conquer it.

Great times may not be there but better times are ahead. Looks like worst maybe over but grinding may continue for some more days.

 

Yesterday Zee got locked at 10% circuits and closed at 207.95.

The stock was shared to you with the reason at 200.60 and it smartly closed at the day’s high.

TCS maybe an interesting counter to watch. I expect the IT index to be up in case of bullish market sentiment. Y

Yet TCS won’t gain much rather it will be trading with slightly negative bias. 

Overnight we saw a great traction in US markets. NVDA broke open  the important levels of ₹251!

It may retest ₹260-₹270 mark sooner than later. When the whole world was looking at Apple we clearly informed you NVDA will perform when it was trading as low as $140.  We are well justified as the stock gained as much as 82% in less than 3 months.

The  giants like Apple underperformed during this time.

Snap could also do well in case the Prez signs to ban the tiktok in US. Let’s wait for the same.

Snap has lost 90% value in the last 2 years and at 10+ it offers a good risk reward  ratio.

It’s worth keeping it in watch list. Of late the volume has gone up sharply.

Maybe the so-called value investor have rushed into the stock. The stock could surprise us on it’s upside.

 

That’s all for today and let’s discuss more about the market on Monday.