Annual Letter 2019 has been released. Market positive in coming days.

Please note that Annual Letter 2019 was released on 13th February 2019. Order your copy now if you’ve missed it.

View on global financial markets

Global Stock Indices

In the previous session, US traded mixed; profit booking was observed. Today as well, profit booking may continue. S&P500 may drop down to 2720 on the lower side. On Monday, US market shall be closed on account of Washington Day. As per astrology, we are expecting uptrend on Monday. On Tuesday as well, upside is expected. From Wednesday, it will trade mixed to negative. Market will be bullish in the last week of February 2019.

Today, you can long following stocks at lower levels (and hold for Tuesday):

• AMAZON
• NVDIA
• FB
• APPLE
• AMD
• BANK OF AMERICA

Short position in S&P500 should be covered around 2730 and make 50% long position there itself. Remaining long is advised around 2700-2720. Hold long position for next week.

It is advised to book profit in short position across European and Asian Indices and enter into long position. On Monday, Asian and European market shall trade positive.

Indian Stock Market

Indian market shall trade both sides in the first half. From 12.30 HRS to closing, trend is expected to be positive. Market shall again be positive on Monday.

Nifty may bounce back to 10900-11000 in the next week (by Monday-Tuesday). After Tuesday, a decline is possible.

Nifty (FUT) has support at 10700 and Bank Nifty (FUT) has support at 26700.

BUY AT DIPS:

• TATA ELXSI
• ONGC
• L&T
• JK TYRES
• AXIS BANK
• KOTAK BANK
• COLGATE

We asked you to buy PSU banks yesterday. PNB, BOI and ASHOK LEYLAND went upward. On Tuesday, we advised buying YES BANK @ 175 with S/L 165. YES BANK has its positional support at 195 which if not breached may lead it to 240-250.