Market Comments - Golden Opportunity

Markets have corrected again and we are at 3 week low. This should have been a disappointing day for those who are trading in F & O or for those who are looking for short term gains. However for those who are long term investors, it is another golden opportunity to buy stocks at lower levels.

GMR Infra QIP placement was 240 Rs which means that price is going to breached any time and so anything below 240 is like getting the stock at discount. It is for you to use this opportunity if you have not bought this before or would like to add more.

There have been lot of news in media about IFCI bidder being Morgan Stanley and the price as 111 but nothing is confirmed. However the stock conversion price of 107 Rs to institutions act as a good cushion similar to GMR Infra. Those who want to stay put in IFCI for long term can still buy at current levels. Please hold this stock for 2 years and see what price it gets you.

Bajaj Auto Demerger is waiting for court approval and this may be cleared soon. Demerger should be complete in another 2 to 3 months and those who are invested in this can continue to do so. Those who want to make quick money in next 2 to 3 months can enter Bajaj auto now and exit before the demerger record date.

SUN TV has touched 400 and is close to my target of 450 which was given as one year target but it is likely to be achieved in next 2 months.

Reliance Industries is giving you the last opportunity to buy and believe me if something unusual does not happen you may not see Reliance below 3K very soon.

There is nothing to worry if you remember the famous song....
"WO SIKANDAR HI DOSTON KEHLATA HAI,
HAARI BAZI KO JITNA JISE AATA HAI"

You should be more than a Sikandar so that you can say...
"HAARI BAZI KO JITNA HAME AATA HAI"