Indeks Nifty 50

NIFTY: Wings, Doors and Blind Pilot!

97
Bulls gets their wings, broke the flag, push fast forward.

One-way street lead by the IT heavy weight, as if there is no tomorrow. The door is shut for the bears.

Investors are in blind pilot mode, 2 X in two weeks not 20% IRR in 20 Years is the expectation. Jan fear's recede, FOMO succeeds.

FAA recognises, and soon you will have blind pilots manning the bird, while at the same time the issues on Door getting opened on Mid-Air bring Boeing the problems.

Wings wants to fly, be it left wing or right wing in the politics. Taiwan Elections have not moved any needle, remain as open and shut case as ever.

RED sea is the one to watch, Another RED Sea is the Republican Caucus voting. Looks Big day in the store. Not a market mover yet.

Peaceful weekend, prayers ahead. If it is Sankranthi then it surely belongs to the bulls. Just nod and buy. Forget the cockfights big picture is one of celebration.

For the start new base moves to 21730 from 21530, intra-day 21800. Looks one more gap up. One more towards 22 K and supply around 22040-60 to hold. IT bad results is bought, good results is bought more. One has to wait and see how this shift impacts in other sectors. First causality is attention moving from Banks to IT.


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