Market Comments - Waiting for Next Trigger

Markets are waiting for the FED decision and the majority consensus is that the rate hike will be 25 bps. If FED goes for 50 bps we may see market exploding and racing to 21K in a jiffy.

IDEA cellular is going to be there in NIFTY from December 12th. I think IDEA is undervalued when compared to its peers and since it is going to be part of NIFTY component there will be some good amount of buying by INDEX Funds. It is around 136 and I expect a target of 200 Rs in next 3 Months.

IDBI should soon cross 200 mark and then race to 250 Rs. RIL will also explode once the new rally starts and will cross 3000 mark. We should soon hear about stock split from RIL.