Market Comments - Strong Global Cues Lift Markets

Markets rose smartly on Monday due to strong global cues as expected but the profit booking did not come down as the bears had to cover there positions as there were huge shorts built up.

We will see another strong opening on Wednesday morning and we will see some profit booking coming in later half of the day unless we see huge shorts being covered again.IFCI was one of the star performers of the day.

As I had mentioned that 75 was good level to enter this stock, IFCI was down to 73 but later rose to 81 because of buying interest in this stock and also short covering. There were many smart investors who bought IFCI at 75 levels as they know that 50% returns can be expected in another 6 months. What more we want?

GMR Infra is stuck at 240 levels similar to what happened at 140 levels but it should move to 325 - 350 levels by March 12th when the Hyderabad Airport will open as this will be the major trigger for this. Watch out for the action in GMR Infra in next 2 months.

Watch for our RIL now . There will be lot of action in this stock and once RIL decisively crosses 3000 you can see the real star action in this.There are many speculative stocks to pick and I will give the list of this in coming few days.