Market Comments - Close to the Destination

Markets are now poised close to 16K and we should see this very soon. Lots of shorts are there and unless we have some very bad news coming from global markets we should be moving towards 16K. Reliance Industries, Reliance Petro, Reliance Capital all have given good gains. These were few of my picks which are given in seperate posting for which link is shown below.

http://indianstockmarketscomment.blogspot.com/2007/09/comments-on-current-stock-picks.html

Powergrid IPO closed yesterday and those who get allotment can expect 20 to 25 Rs profit per share and if you hold this for 6 months, it can reach a target of 100 and also it has excellent future considering it is in power sector.

Rupee appreciation is a major concern for Tech stocks and they will continue to languish but those who have patience and can hold on to top IT companies like Infosys, TCS will reap rich rewards.

GMR Infra is still languishing around 780 range but it should make a big move in coming days as the time is ticking for the stock split. Remember that if you have patience to hold for 3 to 4 years you will reap rich rewards in this. Long term returns are always fabulous and those who had invested 10,000 in Cipla in 1979 had around 400 crores by 2005. That is the power of long term investment.

"India Play Pakistan in twenty-20 today and I hope rain does not spoil the game"