Key Points
In bullish markets, sometimes the gaps do not get filled, at least not immediately till the next cycle of correction comes in..
I know what happened in the early part of this week, especially over the Diwali weekend as we gapped up on Diwali Day, the firecrackers went off and then the next day, a lot of the gains were given back...
Which is why there will be many opportunities in individual names to really pick on even though the index may appear to have already moved up a bit, we are probably not done with this move..
Those are the things to watch out for where you can get fresh breakouts from stocks that are not participating and they are key index stocks so they could drive the index higher that is what you would watch out for...
If you run a relative strength outperformance chart, you will find a couple of stocks as outperformers, whether it is Birlasoft or something like that, you try to find those which have really done well on a two-month, three-month perspective and then end up focussing on that...
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