Market Comments - Tomorrow Never Dies

Markets have corrected sharply and though I was expecting bounce back by evening it did not happen. Bears have taken firm grip and we may see some more downfall in our markets.

As I have been writing in my blog since past 4 months, our markets had run up considerably and hence we need to move in the specified range for some more time before we decisively move to next levels. 21K is going to be tough to crack but it will come soon.

This is an excellent opportunity to buy stocks for those who missed and for those who bought earlier it is opportunity to make some more money.

Reliance industries gives ample opportunity to make good money. If you have missed this earlier or want to add some, it is a good opportunity to do now. Believe me Reliance will hit a target of 10000 in next 3 years considering the aggresive growth plans it has. Considering stock split to 2 Rs, it will be 2000 Rs. ex stock split. I believe split will come around 3200 levels and after split it will start around 800 Rs and then the journey will continue to 2000 Rs.

Reliance Petro will still have its own value unless we hear concrete plans about the merger with RIL. There is nothing to worry for RPL share holders but please continue to hold RIL shares at the same time as it will give good benefit when swap ratio will be in benefit for RIL share holders.

IFCI bid price was around 111 which was less than the 120 to 150 price expected and so the stock will react in short term but in long term IFCI share holders will get good benefit. Reason is simple, If some one is buying 26% stake at 111, the price should be better in one year than this. There is no reason one will buy huge stake at 111 without any benefit.

GMR Infra also corrected to 224 and those who bought around 240 levels can add some in this correction mode.

Powergrid gives an excellent opportunity to buy as it is around 137 and so we can see it cross 150 again after market stabilises.

Please see my stock picks for stocks that I have recommended and buy wherever there is value and if you have not entered early or want to add more.

"Tomorrow Never Dies"