Markets have gone down as expected. This was inevitable as I had been mentioning that we were overvalued and markets need some correction. We will see this happening for some time till we move to 21K.
Markets will correct today also but we should see some bottom around 18K or close to 17,500 in the worst case. I believe we may test the bottom soon and sharp rally will resume again.
Reliance Petro is one stock which will rise sharply and I believe it will give excellent returns in one month and it can even touch 300 Rs giving 50% returns in one month. This is one stock which is resilient even in falling market due to the reason that there are many shorts in this counter and so it can explode any moment.
Teledata Informatics will list around December 3rd and the other demerged entities should be listed by end of December.
GMR Infra touched 250 and corrected yesterday but we will see sharp rise once the market stabilises.
IFCI has crossed 95 to go till 105 and then now back to 85. This type of opportunities keep coming in IFCI and so buy now again around 80 levels to sell at 95.
Nagarjuna Fertilisers and Arvind Mills my stock recos in Speculation list have already hit the required targets.
Thursday, November 22, 2007
Market Comments - Another Opportunity
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3 comments:
Thank you so much Shrikanth :-)
Thanks much Srikant. I sincerely hope you are correct, coz the last 2 days have been a lot of bleeding for many... Good luck to us !
i wann know ur view on dlf, bharti, reliance, unitech, ashapura mines at current levels.. i have holding in all of these.. dlf,bhari are fresh purchase today when market was in dip bharit@870, dlf@802, reliance@2680 and unitech at average @ 340... i am holding ashapura mines before bonus and average of 272...
please provide ur view on these.. if posisble please reply at harry2511@rediffmail.com
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