Markets rebounding and so is my interest! Good feeling when for once, markets behave as per my expectations! I expected 15600-700 to be a strong support. The index rebounded just from above those levels. But, Hind Lever is still out of reach. Guess, these "The Business Line" guys overheard me. The recommendation in "The Business Line" has taken the price further away from my planned entry price. Now my wait has extended. Anyway, now it is better to ride the bounce and search for some weak stocks to exit even if they are at minimum gain percentages. I think we may be in for an extended period of sideways movement after this bounce wears off! So guys, start piling the spare cash to purchase some of your favorite stocks!

The markets look boring. The 200 DMA was tested on monday before it rebounded. The market on the face of it looks to be boring. But I get a feeling that this may be the calm before the storm. This phase of sideways movement is a good sign for the longer term. However a new set of stocks could be the next performers. Also the run up after the steep fall last year also was quite sharp, so for once may be we can agree with the technical analysts who say that the indices are filling up gaps.
By the way, I have dropped Tata communications from my radar. But Hind Lever is still enticing. But Rs. 220 levels seem to be just so much far though only a 10% lower from current levels.
As always keeping my eyes open. I think construction stocks and cyclicals should be avoided and also rate sensitives to be closely watched.

All good things come to an end! I just manage to keep my smile thinking that all bad things too come to an end! First of all, taking things one by one, I was looking to buy Hindustan Lever and it seems to be the only stock holding ground. I wanted to sell off some of my mistakes, but their prices have slided. Now, I am staring at what could be a long time before stock prices begin to rebound. So what now?
Well, let me take a stance on this one. What the heck, after all I may end up guessing wrong! It is better than not taking a stonce at all. So I really think we are not going to see much of a slide here. 16600 is pretty much the bottom for me atleast as of now. I think we can start looking at beaten down stocks. Hey anyone can tell me a bit about TATA COMMUNICATIONS ? Dont you think it is way to cheap at this price ?