No Confidence without Integrity

Hello Readers !!!

End of the day….


NAV exercise of funds is on. Nifty has crossed 200 DMA as well as SMA giving clear break out on upside.


All my friends are still waiting for 4700 and 4800 and Nifty has decided to close to the year at 5750 plus.


Stocks still filling gaps and ownership pattern is allowing this with thin volume.


CNI as a matter of fact has proved prudence of buying in dips in a BULL market. The pending calls have come to just 6 and there is enough scope to find new buy calls. Bears so long as remain short, the bias will be positive. Current state is dangerous for all technical guys as there is no clear signal ob buy side or sell side. For fundamentalists there is no confusion.

"There can be no friendship without confidence, and no confidence without integrity"

Thanks & Regards

Dev Purohit