Past couple of days have been tremendous for the risk averse group. Well done bears but move out of the system for the moment or be prepared for a knock on the chin as has been in the past couple of weeks for the risk takers.
I was a little early is starting buying but luckily have help up the positions and would love to be a bit more lucky as my charts are showing a massive risk appetite making a massive comeback. I do not know for how long, but for the moment by long on stocks and currencies and even commodities and exit usd and bonds.
All in all, the patterns, extreme sentiment amd oversold markets alongwith divergences and positive reversal in riskier assets i am a bull for the moment with targets of 5050-5150 for the nify, 1.30 odd for the euro, 54 and then 53 for rupp, and 99.50 for ten year bond. Lets be long for moment and take clues from the market that how long this risk appetite will continue. So, for the moment Risk Rally is not that Risky.

hi

i want to ask one thing do u see euro moving towards 1.20 - 1.18 level and 5% correction in European markets

regards

sunil

SAHIL VIJAY wrote:
I do not know for how long, but for the moment by long on stocks and currencies and even commodities and exit usd and bonds.

Something in commodities hasn't convinced me to turn into a aggressive Bull nor an aggressive Bear either. As far as USD is concerned it is getting at a stage where everyone i know is Shorting INR , when everyone i know are doing the same thing --> opposite happens For Stocks its still not a Bull Market i.e. stock specific is the way forward.

yes sir 1.18-1.20 is a medium to long term target

very true sir. i am slso not taking it to be the start of a bull run but for the moment my little mind says be long and wait for the reversal or further clues.