Market Comments - Volatile Markets

Markets may be volatile for the next few days but one requires patience and careful selection of stocks to make money in this market. Those who are long term investors can just buy the required stocks and then forget about the market till the desired time.

Those who are looking for short term gains as well as long term investment must be watching the markets carefully to make money and then ensure that more shares are added to the zero cost portfolio.

Reliance Petro opened up smartly but then there was again huge interest for this counter and it crossed 95% limit again. Bears sensed this and hence there were lot of shorts in this counter. I believe this will explode any time but when is the big question? It will be very soon.

With petrol prices increasing one stock which is going to make news is Minda Industries which manufactures LPG kits for maruti. It is currently at 247 and it should cross 300 in quick time. I believe it should touch 500 in one year as there is going to be heavy demand for gas kits in future.

Mundra SEZ port lists today and it should list around 1000 to 1200. Those who want to invest for long term and did not buy in IPO can go for it and start accumulating if it dips.

Teledata Informatics is likely to list around December 10th and the other two demerged entities around December 26th.

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