MINDTREE, good opportunity to buy

Hi friends, it a good opportunity for take a long position on MINDTREE @ CMP  1438, with a stop loss below 1382, have a happy trading.

Market Trend Till Positive even more

Hi friends, after a long time I am updating my blog, as almost all my friends are connected through messenger, hope people in my messenger have made good return in past few months and begin to believe traders have taken the steering of the market in their hand. By the way, for past few days some friends are asking me whether market may comedown or not? As they are getting short call on NIFTY from different places. Well my view is little different, I am not a fool who will ask to short an Index which has made life time high a few days ego. Rather than I would like to wait for a reasonable correction and take a long entry. Well see the chart left side, it looks nothing clear, isn't it? Today it has touched short term down trend line (Pardon me line is there but personally I am not willing to say it is short term down trend) lower high formation is there but now lower low!!!! So how can I say NIFTY may come down? One more thing watch carefully, RSI trend line and Price trend line. Yeah, hope is there, technically it is more possible that Nifty will move up than it come down, so friends don't go short Nifty right now, well one more thing fundamentally we see after many months Real Rate of Return in India has gone Positive as WPI is 6.16% & Repo Rate is at 7.75%. Though we must not read much into this at this moment but if it is sustained then it will Place India at a very sweet spot for Investment for Long Term.