The recent upmoves were quite welcome, considering that we had broken the closing lows of 8500 on the sensex. The good thing about this upmove was that the midcaps participated generously and went up quite substantially. . .In my last article I had written that it was a good time to buy stocks from a long term perspective. For E.g. It was indeed great to buy a Welspun Gujarat at Rs 45 (its a different matter I had the stock also at Rs 450!!! last January) but its difficult to fathom that we will get these stocks again at these levels!!! So once these stocks come into the kitty at these prices, they surely become long term assets. . .So in a weeks time Welspun has gone up by 40%, this is exactly the power of equities. . .
Trading with a positive bias should be the norm for the week ahead, also with the expiry coming in it would be interesting to note the market movements.
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