GOOD NEWS --- LONG TERM VIEW FOLLOW UP

On 24 Jan in this post http://kolhapuritrader.blogspot.in/2012/01/drama-will-it-repeat-show-once-again.html , AND on 29 Jan in this post  http://kolhapuritrader.blogspot.in/2012/01/follow-up-will-it-repeat-show-once.html, we have mentioned the possibility of starting new Indian bull market ( up trend ). Now everybody may be agree that it has started. After that NIFTY made high of 5629.95  on 22 Feb, and started correcting and last week made low of   5135.95.

WHAT IS GOOD NEWS--- If someone bought according to above view on 30 Jan. chances of making loss now became zero since unless and until NIFTY gives weekly close below 5135.95, up trend of Indian market will remain intact. So if don't want to bear loss exit if nifty gives weekly close below 5135.95.  Even if someone exits if nifty gives weekly close below 5135.95,  he will exit with profit.

NOW IDEALLY WHAT SHOULD BE DONE  NEXT ? ----

So because of above view if anybody bought stocks/ mutual funds on 30 Jan what r the returns right now and what r future possibilities.

For this first we will see returns of nifty, sensex and some mutual funds from 30 Jan to 4 Apr.

NIFTY  --- 4.63 %
SENSEX --- 3.69 %
DSP BR EQUITY FUND --- 8.27 %
FRANKLIN INDIA BLUECHIP --- 5.86 %
ICICI PRUDENTIAL TOP 100 --- 5.65 %

TATA PURE EQUITY --- 7.01 %

HDFC TOP 200 --- 6.96 %

ICICI PRU DYNAMIC --- 7.07 %

ICICI PRUDENTIAL DISCOVERY --- 10.62 %

IDFC PREMIER EQUITY --- 8.40 %

RELIANCE EQUITY OPPORTUNITIES --- 10.48 %

HDFC EQUITY --- 8.31 %

FRANKLIN INDIA PRIMA PLUS --- 8.04 %

SBI MAGNUM CONTRA --- 7.81 %

RELIANCE GROWTH  --- 7.74 %

Now last 2 weeks price action suggest that unless and until NIFTY gives weekly close below 5135, this ongoing up trend will remain intact. SO -----
(A) If someone has bought on 30 Jan for  long term ( for at least 4-5 years) hold on this investments. Even though nifty goes below 5135, don't exit, and if possible add at level of 5000-5050. In worst case scenario even though nifty goes below 4500, don't panic, if u have invested for long term ( once again repeating at least for 4-5 years ).
(B) If someone has bought for short to medium term ( few weeks to 1-2 years ), then exit ur investment if nifty gives weekly close below 5135, and try to invest when next up trend starts according to technical analysis.
(C) For fresh investments, invest at current level with stop loss weekly close below 5135.

NOTE : -THIS LEVEL OF 5135 WILL CHANGE LATER ON ACCORDING TO FUTURE PRICE ACTION.

 DISCLAIMER: This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please do your own research or consult your advisers for safe trading.