Markets are correcting because of profit booking but this was bound to happen as the run up was sharp and 20K is a big hurdle to cross.
This is another buying opportunity and so add value picks at every dip. Teledata dividend has been deferred and I feel it is good because there could have been legal hurdles with the dividend declaration. Dividend will act as another trigger after the demerger and I see teledata should touch atleast 80 Rs by 15th November and the demerged entities should give good value and the combined value will be 100 Rs after the listing.
There is nothing to worry but pick value stocks at every dip and wait for the reversal.
Wednesday, November 7, 2007
Market Comments - Buying Opportunity
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2 comments:
Please can you help me about Nocil it what is the future? and how this stock is
Hi Srikant,
Why RCOM price is coming up, is it following the Reliance Pack Dropdown.
Despite it's good result the stock price has not come up sharply as other reliance pack.
I have entered this stock @772/-, do i short sell this share and enter when it still comes down.
Please highlight on this.
Wishing U and all the readers of this Blogger "A Colourfull Diwali".
Regards
Naresh
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