Market Comments - Destination 16K?

As I had some problems with connectivity I could not post my comments yesterday.

US Markets closed in positive and our markets should open strong and then consolidate. From lows of 13700 we are close to 2000 points up and that too in a few days time. Remember that I had mentioned in my comments that market can fly in a jiffy if things stabilised a bit and this happened.

GMR Infra, IFCI, IDBI, SBI, DLF, Reliance, Reliance Petro, PTC all my recommended stocks moved up smartly and one could have made around 20% in these stocks on average. That is why luck favours the brave.

Markets should touch 16K as bears will try to cut shorts. We may miss 16K only if we have some bad news coming from US again as markets have already moved up. If US Markets are marginally stable also we should see 16K. Where will market go up from 16K then? We should see next target of 18K as our markets are still in bull grip and political uncertainity is not there.

All these things can change dramatically but that is the reason liquidity exists in stock markets and also that is the beauty of stock markets.

The famous Gabbar character of Sholay would now say " Are O Samba....Sensex Kitna Hai Rey?"