Again markets showed good resilience and rallied further as I expected. In the weekend RIL’s poor quarterly results and the EU’s poor GDP numbers should dampen the sentiment in this week’s early part. If Markets fall in the first part of this week then it’s a great opportunity to go long. We got good numbers from the Auto gaint Maruti, IT major Wipro and infrastructure growth give some traction to the bulls despite the RIL’s bad numbers.
From last couple of years those who were following my blog can clearly observe that from this February onwards I was very bullish. I am still very bullish when viewed for the long term. This week too we are having very important events like RBI’s monetary policy, Adani IPO, big boys’ like SBI, Tata steel and tata motors etc., results, July series derivatives expiry will all influence the broader markets in this week.
Thanks to the asian markets when I am posting this article all the asian markets are in the strong rally and surprisingly SGX nifty too trading 40 points up and around 4610. So, markets are strong for today this is very good for the bulls.
So, as I am repeatedly saying “2009 is the year to accumulate on every dip”.
With thanks
Be and make
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