Market Outlook

Dont get overwhelmed by short term portfolio growth. I still dont buy stories that have given pain in the past. Market is poised for fall or atleast showing some chance of fatigueness. Not a single sock tested there support levels as if external pressure (liquidity ) creating an upper thrust. technically its not possible. The best way to play this market is through puts market for next 12-15 days will be +-5% nd wih charts showing no strength one can short index on rise specially three stocks Bhel, it seems fundamentally the prices are factored in. Reliance around 2230-2285 range wid an immediate tgt of 2015.
The biggest challenge for India going ahead is whether they will be able to sustain the euphoric expectations, which according to me is not possible. In 1930 such developments happened in few of the developed markets of now, they were developing markets than. Where there was a growth of 67% -75% index retrun and than market took a slide of over 50%. I do not argue about the levels right now but if index has to test 12600 before it goes up it would be good for markets and market players.
Tracking history once UPA got stabilized market touched 14800 and i guess it cannot go beyond that even this time. So market slided and tested 12700 aand thats what i am eyeing at.