Markets Consolidated yesterday and there will be some more consolidation before the uptrend resumes. GMR Infra moved up smartly as it was out of F & O curb and is now moving towards 250 mark. GMR Infra has been my favorite pick and though it had not performed when market moved close to 21K earlier, it has picked up offlate.
From 150 levels it has moved to 225 levels giving returns of 50% in less than 2 months time. There is lot more to come in this stock as Stake sale is likely to happen at 250 Rs which means target of 400 is not ruled out in this stock by next year.
Reliance Industries is going to perform well and my target will be 4000 in next 6 months.
Reliance Petro will fire the moment it is out of F & O curb and it should reach 300 in a jiffy. At present consolidation is going on.
IFCI moved up smartly and as I said many times it keeps moving between 80 to 95. Anything below 80 you buy and anything close to 95 or above you sell. Keep making free shares in this with above ups and downs.
IDBI, ICICI and SBI are three banking stocks which will give you good returns in next one year.
DLF is going to move to around 1600 which is my revised target from earlier target of 1200 in one year.
Opportunities will keep coming in this market and so keep visiting my blog for more info.
I hope all my blog readers are having happy time in investing in my picks.
Friday, November 16, 2007
Market Comments - Consolidation Phase
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5 comments:
This is really a good blog site. Thank you sreekanth for this wonderful effort.
Also, what are your thoughts on US subprime worries on indian market? Also, I heard SEBI might pass rule to make all shares @1/- face value. Is it true?
I am planning to invest in Petronet, RPL, Nelcast, Dish TV, GMR Infra, Reliance power diversified MF. Please advice.
What are your recommendations for 2008? Any hot growth stocks, pls advice.
Regards,
Naren.
Dear Srikanth,
I am new to share market and want to learn about the various factors that affect the prices of a share.Can you elaborate on what is F&O curb and where can we see the company list which are under curb or not
Regards
Happy?? No Srikanth I am THRILLED. i've made fabulous returns on ifci nagarjuna fertilisers gmr sbi and reliance picks. all these are good stocks but it takes a master to figure out prices to buy and sell them.
thanks a bunch! Lookin 4ward 2 more posts
what does delistng of teledata informatis mean to us?
Dear Srikanth,
Some people are advising to have an eye on Silverline which will be moving faster after re-listing in the last week of Nov'07 - Kindly let us know your views
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