Market musings

Markets have been inching up slowly. There seems to be money flow to support this rise. While many cynics have been critical of this escalation in prices we must respect the prices and trend..which is certainly up.

Bharti Airtel has started warming up to future events. There is movement in that stock today. Larsen is moving close to 1650. Once it takes out 2200 it shall rise faster than anything else. IDFC is taking a breather at 130. 150 seems to be its top for the time being. Infosys surprised me by its rise. There must be something happening for sure. I am also tracking a not so known stock viz. Astra Microwave ( ASTRAMICRO). It is in defence manufacturing space. Larsen has a stake in it. This too has moved up smartly from 40 to 80.
HDFC is doing well and respecting 2200 as support. One could add as much as possible closer to that price.

I have been wanting a correction in the markets for some time. A bear phase or a short term down trend is useful to get reason back into markets. But that seems to be eluding us. Be as it may. Life has been good. Hopefully monsoon coverage would improve and people enjoy festivities this winter. After all general state of happiness in the society is a reflection of the economy of the nation.

rgds
Vibhas