Market Comments - Dream Run for Bulls

Markets reached 16K in grand style and also finished around 16300 levels. There were lot of shorts built for the FED event and the bears had no other option but to go for covering the shorts as the opening itself was 300 plus and so we had 600 points plus closing which was a record sort. What next now?

Short covering will continue for some more time and we may see some profit booking coming along. Keep focus on quality stocks and also a vision for next 5 years.

1. Infrastructure and power are going to be the best sectors where you can have quality stocks. GMR Infra, Lanco Infra, GVK, L &T, BHEL, NTPC, PTC, powergrid etc are good stocks you can focus on.

2. Visit my post for my stock picks.
http://indianstockmarketscomment.blogspot.com/2007/09/comments-on-current-stock-picks.html

3. Reliance group companies are any way going to perform well and Reliance will move with sensex. Reliance Ind, Reliance Petro, Reliance Capital, Reliance Communication are going to perform well.

4. IT stocks may not perform well but invest in only quality stocks like Infosys and TCS which have ability to perform even in pressure.

5. Apply for quality IPO's and stay invested in good quality stocks.

Above all try to make your portfolio zero cost whenever opportunity arises as corrections are imminent and even a 1000 point fall in a day cannot be ruled out as the sensex starts rising.

When sensex was around 5000, a 5% correction meant 250 points but now it will be 800 points which should not worry as corrections are going to be part of the bull run where weak hands exit and strong ones enter.

Jai Corporation is going to reach 10K today. I hope some of you have benefitted in this stock. Please keep posting your feedback as it will enable me to bring more quality stuff for all of you.

"Yesterday was a great day for us. Bulls made a record gain and so also Yuvaraj's sterling performance with his 6 sixes in one over."