Market Comments - Markets will be on Fire

Fed has taken a bold decision to cut interest rate by 0.5% which Augurs well for market and we should now be a kissing distance away from 16K. All Asian Markets are on fire and so will our markets.

Markets should open with 200 plus points and then rally smartly. We should see 16K very soon. All my recommended stocks will be on fire. Jai Corporation is close to 10K and it should reach there in next two days. Reliance Capital from 1000 to close to 1500 giving 50% returns.

Fortune favours the brave and so those who bought stocks when markets were down will enjoy the rally. What should one do now? If you have already bought some stocks then please wait and hold on to your stocks. No need for any fresh addition unless you have very less stocks. One can still buy stocks like GMR Infra which did not rally much but it should do so very soon.

Those who are new to market can start buying in small quantities and then if markets dip can add more. Remember that market corrections are part of the Bull rally and this keeps happening. I firmly believe that we can reach 25K much before 2012 as India growth story is intact.

Lot of action to happen in our markets for the next 5 years. Keep visiting this blog for daily action.

"Munaf is a mystery, Not History..." Dilip Vengsarkar on Munaf's selection.