Market Comments -Bulls have upper hand

Markets closed around 4400 as the global cues were positive and short covering also helped in closing above 4400. US Markets are still nervous and uncertain about Fed cutting interest rates as economic data is causing a bit of concern. It will take time before US Markets become stable. Till then we will have the volatility continue but only specific stocks will move eventhough sensex may remain between 14 and 15 K depending on global cues.

You need to focus on stocks and then also use the opportunity to do some smart trading in this uncertain times. Those who are in F & O should buy calls when there are dips in markets which will help them make money with safety.

Markets should close in positive today and also lot of short covering should come as US markets will be closed and so the momentum today will continue on Monday also.

Current IPO's - Magnum Ventures and IT People

IT people and Magnum Ventures IPO are highly overpriced and can be avoided.

I will be putting my Analysis for any good IPO's in future. Keep visiting this blog for IPO news.

Market Comments - Bulls in Control

Markets were down on opening yesterday but as expected there was a rush to cover the shorts by bears as market started recovering slowly. This was the reason market closed in positive when the entire world was negative.

US cues were excellent and so our markets will have an excellent opening and so we should see an opening of 200 plus and then it again depends on the positions as the F & O expiry happens today. I expect the market to close around 4400 today.

Punters favorite stocks and Speculative stocks like Jai Corp, Teledata, Goldstone Tele, Nagarjuna Fertilisers will be on fire.

IDBI is another banking stock which will be on fire and it also has similar story like SBI.

US Markets are yet to become stable so we may hae an odd bad day if the global cues turn weak again. However ignore sensex and do value shopping. Those who are going for intraday or short term gains need to be careful and make quick buys and exits.

Market Comments - Weak Global Markets

The bumpy ride continues. We are seeing this for the past 2 weeks are so with markets going up and down and the volatility also is very high. We had weak US markets yesterday because the markets their believe that FED may not cut rates in near term. This was a big dampener for them and so there was a sell off.

Our markets also will open weak as bears are waiting for an opportunity to strike on bulls. Will the bulls surrender and will we have a panic selling again needs to be seen. I think there will be some pull back attemt as lot of shorts are there which needs to be covered.

GMR infra was available at 680 and is now at 780 even in this volatile market. So also other stocks which moved up decently for one to make money. The market has become good for traders to make money. Keep focus on specific stocks I recommended and buy at dips.

"Smile is a curve that straightens everything"

Market Comments - Volatility to Continue

Markets rallied smartly yesterday and were up 400+ points and we are close to 15 K once again. As I had written in my previous posts that markets could run away in a jiffy even with a slight hint of positive cues, they did it in a style. This has happened after the twin blasts in Hyderabad which shows the resilience of our markets.Markets can be volatile for the next few days as the run up is sharp. We will continue to have this volatility till US Markets are stable. Our markets also should be ranged bound between 14 to 15K till we see some stability in all world markets.

GMR Energy which is subsidiary of GMR Infra has been awarded the 180 MW Bajoli Holi project by the Himachal Pradesh Government. This has been awarded for a period of 40 years. There are many more such projects for GMR Infra which are expected and so we should see very good returns from GMR Infra if one can invest for 5 years in this stock.SBI, IDBI, ICICI bank were smart movers yesterday and SBI should see the target of 2500 in next 6 to 9 months and even a target of 5000 in this is not ruled out in next 2 years if you take the valuation of all its subsidaries.

The key to success in Stock markets is having patience. If you do not have patience then you cannot be a successful investor. There are many who invest 1 lakh rupees in a bank and get their money doubled in 8 years or so. They wait patiently in that case but when it comes to stock markets, one should be happy if the investment doubles in even 4 years but many of them do not realise this and instead want the investment to be doubled in 2 to 3 months. Please think of realstic situation when you invest in stocks and wait patiently for your stock to grow. There may be some investment failures which are beyond ones control but that should be offset by gains in other stocks if you wait for enough time.

"When you are up, your freinds know who you are.
When you are down, you know who your freinds are."

Monday Morning Market Musing - Stock Specific Activity

Monday Morning Market Musing - Stock Specific Activity
US Markets were positive on Friday due to better than expected housing data. We have to watch the US markets this week for some signs of stability so that we can also see stable markets here. However focus on specific stocks that I have discussed in my previous posts and buy as per your comfort.The best way to keep yourself protected in this market is to make your stocks free of cost and leave it for long term. Remember that Long term investment always gives good results and at the same time one would not like to take risk for long time. If you have stocks at zero cost, you can leave them easily for long time.To make your stocks free of cost you need to buy in good quantity and then sell 75% of your stock at higher price so that you make the remaining 25% free of cost. Try to take back your capital and stay invested in your free stocks. This is one of the best ways to avoid risks in capital markets. However if you are not a regular trader then just invest in good stocks and forget them.There were 2 blasts in Hyderabad on Saturday killing more than 50 people. These should not have any impact on our markets as these cowardly acts cannot shake India. No force in this world can stop from India becoming a World's superpower.Vande Mataram!!!!!!!!!!!