Yea confusion prevails regarding the course of action. I havent tracked global market for straight 3 days. Not even the political scnerio that has significant bearing on market movement. Yesterday I recommended IT stocks though they gave good opening today but lower volume in index in second half pulled them back to lower than yesterday level. Still most of the indicator still suggesting to keep long positions in IT stock thats what Im doing. One important signal I witnessed at the end of the day is the baseline that infosys is forming at 2900 level. Its a value buy at this stage and after 4-5 months people will regret not buying at cheaper price. And surprisingly what I saw in IT yesterday found in Banks today. These two sectors are going to lead Nifty to 6000 level in next 2-3 trading days.
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