Will this sharp recovery last?
Today’s recovery was largely unexpected by the bears. Infact, the NIFTY pulled back more than 130+ points from day’s low! As such volatility is found near market reversals, one has to very cautious. If such intraday volatility persists, one needs to be sceptical of building aggressive positions on the long side. This volatility might tempt you to trade but such trading can easily go wrong!
The only positive I see is that most of the market participants are still short on the market, so that might act as some cushion for the markets in the short term. 4800-4850 is the zone of resistance for the bulls.
Once this short covering is over and the volatility subsides, one needs to find stocks where real buying is happening. One such sector is auto where a stock like Ashok Leyland has continued to maintain a neat uptrend. Another sector is pharma where a stock like Dr. Reddy labs continue to climb higher.
It might look tempting to buy stocks like RCOM or Suzlon but there is nothing in their performance which indicates that the worst is over for such stocks.
What will you suggest about the SATYAM stock? Will it touch Rs150/- per share in the mid term?
Chances are bright that Satyam crosses 128-130 and reaches 150 in next 3-4 weeks.
Do you ever give clear views??? all your posts are in message posts and gives views in both directions
like a person who doesnt trade at all but give tips 
I am wonder if you understand the concept of “probability” and “probabilistic thinking”.