Nifty May 08, 2013

Markets all over are on a tear, and have just not let left out folks enter. Nifty has given a fifth
signal of negativity in its one sided up-run, and we welcome any weakness.

Today was a hammer at the top of an uprun, and is cause for temperance of bullishness. The
downside is limited and should not be more than 3-4%. In any case, we do suggest to wait
for a small correction which we do feel is due, before buying, if still at the sidelines. There is
considerable room to run.

Longs should continue to stay long.