Pre Open Thoughts: BULLS vs. BEARS!!
Ø The most powerful factors in the world are clear ideas in the minds of energetic men of good will. Markets globally seem to be at ease and peace of mind for now, but doubts persist whether the upbeat start to January can be sustained? Who is going to be the winner in this Epic Battle of BULLS vs. BEARS.
Ø However the current scenario suggest this battle is waged by the BULLS and we feel that uptrend may continue to be positive in India. At the same time, things could be choppy due F&O expiry Next week which might add to the volatility.
Ø Encouraging tiding is that FIIs have been net buyers in the last couple of sessions.
Ø The opening is likely to be strong. Asian markets are mostly up following the overnight gains US indices. Europe Indices finished flat. A lot of stock-centric action is expected based on news reports and host of results in the background. Stay vigilant and cautious.
Ø According systems Nifty Remain on the Buy mode major resistance for the Nifty is seen at ~4990 levels. On the downside, 4860 remains important pivot below which recent up move could turn void.
Results Today: Bajaj Auto, Bajaj Holding, Balaji Telefilms, Dish TV, Godrej Properties, Hindustan Media, IFCI, Info Edge, Infomedia 18, Mastek, Peninsula Land and SKS Microfinance.
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