Market Comments - Consolidation Time

Bulls will be in control of markets though we may see some odd corrections. Rate cut has gone well with Banking stocks and real estate stocks. DLF which was one of my picks has moved from 550 to 750 levels in less than one month. These kinds of returns are amazing and one should know where to invest. DLF target is 1200 in next 6 to 9 months.

Banking stocks will also perform well and SBI target is 2500 in next 9 months and eventually 5000 when value unlocking from its subsidiaries happens. IDBI wil have value unlocking after IFCI stake sale and 50% returns from IDBI from here also is possible. There is talk of IFCI valuation being around 500 due to its Real estate value. This may not happen immediately but try to keep some zero cost shares for long term and enjoy the returns.

Jai Corporartion ki jai ho!!!!! It was locked close to 10K yesterday and it will cross 10K today. Sometimes the returns in this type of stocks are amazing. From 400 a year ago to 10000 is amazing returns which is similar to the run in Unitech from 400 to 350000 ( after 1:12 bonus and stock split to 2 Rs.) in 2 years. These kind of stocks are not common and one needs to identify this type of stocks early to make returns. I will try to give them whenever possible.

"It was an amazing day yesterday as India are through to Semi Finals. Let us hope for an India Pakistan Final which will be a great finish to the new format"