Market movement is highly deceptive

Icici Bank, Festival of South Asia, Toronto

Image by Ian Muttoo via Flickr

Expert TV Anchors again coming out with numerous buy calls. They wanted us to buy all stocks for quick 10-20 per cent gains. Shameless people. Remember when INVESTCHIPS came out “buy Axis Bank”, none of the mainstream media or research house recommended the same. Same is the case, when we came out “Sell HDFC” call. We still have highly negative view on HDFC and positive view on Axis bank. We are also have negative view on power generation sector as the whole. But we are positive on Suzlon and Polaris and surprisingly very positive on ICICI Bank at current levels. Buy at every sharp decline and hold for 5 years. You won’t regret.

Nifty traders can go short when Nifty adds another 75 points. 200 points range is expected. Trade with strict stop loss.

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