Market Comments - Stock Specific Activity

Markets are expected to remain volatile as it is settlement time and also SEBI clarifications on P-Notes was not satisfactory. However this is the right time to pick up some stocks which have come to comfortable levels and then plan accordingly for further shopping as and when market corrects. I believe we may see another 1000 points correction but market does not behave as we like. There are certain key events lined up till this month end and one best option is to buy in only the stocks which you feel have come to comfortable levels.

IFCI is at comfortable level to buy. GMR Infra is good to buy at 140 or below level. SBI is good to buy at around 1650 to 1700 levels. TCS is good buy at current level of around 1000. RCOM is good at current levels. Reliance is probably good if it comes to 2200 levels. The list goes on. Check my recommendations and buy at comfortable levels based on the given targets.

US markets closed in positive yesterday but that could be mainly due to short covering after huge fall on Friday. I believe we may see some fall in US markets today and so that will have an effect on our markets again tomorrow. Be cautious in your shopping till 31st October. This week should give good opportunity to buy specific stocks.

Stock picks link :
http://indianstockmarketscomment.blogspot.com/2007/10/comments-on-current-stock-picks.html

My other blogs :
http://indianstockmarketsquery.blogspot.com/
http://indianstockmarketsinfo.blogspot.com/
http://calculatemyemi.blogspot.com/