Market Comments - Correction a Must

Markets are going up without any break which is not good for short term as the more higher the markets go, the more severe correction will be. Be careful and try to use the opportunity to make your costs zero cost and wait for the markets to correct. This will happen very soon. If markets defy this logic then we will see very severe correction later.

IFCI corrected as expected due to the delay in short listing bidders. Reliance Natural Resources is one stock which I did not recommend due to its extreme fluctuation but shooted up more than 50% in few days because of its plans to distribute gas in cities. However it will take some time before it moves up again. Those who bought it at lower levels can book partial profits and wait for it to move up. Those who want to enter now may have to wait till it corrects a bit and comes to around 75 levels.

MAYTAS Infra IPO is the ongoing IPO now and I will post my analysis on this by tomorrow. Does the name MAYTAS sound familiar??? Read it in reverse and you will know who the promoters are......