Market Comments - Where Eagles Dare

Bulls are in control fully and not allowing bears the chance to bring down the market. However it is only a matter of time before bears can strike back. Markets are entering into unchartertered territory with lot of inflows every day.

Maytas Infra IPO was subscribed 100 times in FII section which shows the current appetite of FII. However please refrain from entering the market now. It is time for you to book profits and sit on cash. DO NOT worry about markets moving up as the movements can be either way and huge volatility is expected.

Jai Corp has crossed 15K and still going strong. It is going like Unitech way and those who bought recently around 6000 must be enjoying the rally.

IFCI has come down as expected and you can see 80 level also in this. You can then enter this again to make some more free stocks. Please see my stock picks link shown below for my stocks and if you are planning to enter now wait for correction before you buy the stocks.

Powergrid Corporation is listing today and if you get this stock below 70, grab it like anything. You can make 50% returns in this in 6 months time. It is a great stock to own.

I will add some more stocks to my stock pick list very soon. Keep visiting my blog for market updates. Also please post your feedback by leaving your comment so that I can know what more you expect from me.


My stock picks link :
http://indianstockmarketscomment.blogspot.com/2007/09/comments-on-current-stock-picks.html

My other blogs
http://indianstockmarketsquery.blogspot.com
http://indianstockmarketsinfo.blogspot.com
http://calculatemyemi.blogspot.com

Stock Queries Updated 5th October

I have updated stock queries posted till October 4th in my blog
http://indianstockmarketsquery.blogspot.com

Keep posting your queries and I will try to respond faster. :)

Know your Allotment for Koutons and CCC

please have your application number ready and click the link so that you can enter it for knowing your allotment.

For Koutons the link is
http://203.199.177.158/kristel/krilipo.asp


For CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED the link is

http://203.199.177.158/kristel/ccclipo.asp

Maytas Infra Allotment Chances

Maytas infra was given poor rating by many Analysts but I had given my rating as 7 /10 and asked to subscribe. FII portion was subscribed nearly 100 times which itself shows the strength of the IPO.

My view was that if the retail part will be subscribed by 15 times, then those who apply for max of 270 shares ie for 1 lakh band would get firm allotment of 18 shares. The issue just got subscribed 15.41 times and may be some price bids being rejected all will get firm allotment in the 270 shares category.

All retail investors will get 18 shares alloted and only the allotment chances will differ.

Those who applied for 270 Shares allotment chances will be 98%.

Those who applied for 252 Shares allotment chances will be 92%.

Those who applied for 234 Shares allotment chances will be 85%.

Those who applied for 216 Shares allotment chances will be 78%.

Those who applied for 198 Shares allotment chances will be 71%.

Those who applied for 180 Shares allotment chances will be 64%.

Those who applied for 162 Shares allotment chances will be 58%.

Those who applied for 144 Shares allotment chances will be 51%.

Those who applied for 126 Shares allotment chances will be 45%.

Those who applied for 108 Shares allotment chances will be 38%.

Those who applied for 90 Shares allotment chances will be 32%.

Those who applied for 72 Shares allotment chances will be 26%.

Those who applied for 54 Shares allotment chances will be 20%.

Those who applied for 36 Shares allotment chances will be 13%.

Those who applied for 18 Shares allotment chances will be 7%.

Good Luck !!!!!!!!!

Market comments - Wait and Watch

Markets will be volatile like yesterday when there was a fall of 600 points in 1 hour. The best thing is to do is wait and watch.

Markets will most likely correct and there will be huge volatility.

Maytaes Infra IPO closes today.

IPO Analysis and Ratings - MAYTAS Infra

Maytas Infra Ltd.
Issue opens on : Sept 27, 2007
Issue closes on : Oct 04, 2007
Price Band : Rs 320-370
Minimum application :18 equity shares and in multiples of 18 equity shares thereafter.

My rating : 7 / 10

MAYTAS infra is promoted by SATYAM group promoters. In future Infrastructure stocks are going to do well and since MAYTAS comes from Satyam group, this stock is attracting attention from FII.

Financials : Based on last year EPS of 9, Maytas looks expensive with PE of 40 plus on upper price band but with this year EPS expected of 15, Maytas will command PE Of around 25 on upper price band of 370.

Ideally the price should have been between 250 to 300 but based on current market euphoria promoters are trying to extract more premium. This is obvious in a bull market. There are many Analysts who recommended not to subscribe for this but my view is to subscribe for this IPO for listing gains.

Expected Listing Price : Present Grey market premium is around 150 plus and so we can expect a listing price of around 500 depending on market conditions at time of listing.

Retail Investor strategy : There are around 26 lakh shares for retail and as on today FII part is oversubscribed by 9 times where as retail part it is 0.36 but since most of the retail applications come on the last day, I expect this issue to be oversubscribed heavily ie around 20 times on last day.

If you apply for one lakh there will be firm allotment chance if the issue is subscribed by 15 times. Above this there will not be firm allotment.

Good Luck !!!!!!

Market Update - Bulls in Flow

Bulls in flow and market a kissing distance away from 18K. What is happening? every analyst has given a call for market correction but markets are in full swing. However I still advise you to be cautious and this kind of euphoria is unwarranted and sharp correction is expected.

If you had bought stocks earlier and already booked partial profits, now book some more profits and sit with cash. As explained in my today's market comments, the last wicket partnership is fruitful and runs continue to flow.

IFCI, Reliance Capital, SBI, DLF, Reliance, Reliance Petro, GMR Infra, Jai Corporation, Nagarjuna Fertilisers etc which were my picks have given decent returns and it is time to take a break. I will guide you once again as to when to pick the stocks again.

DO NOT get frustrated with the last wicket. It will happen soon. Be safe.

Market Comments - Not much steam left

Markets are close to running out of steam. Bulls are in control for the moment controlling the market. The situation is akin to a cricket match where a batting team is being guided by their top order batsman but he has only last batsman to give company to him. When will the innings end is a big question? Its only a matter of time before the reversal starts though it looks like bulls are in control but there is not much steam left now.

Those who are interested in F & O can start buying NIFTY put of 5000 strike price and wait for the reversal. You can reap rich rewards.

IFCI has reached close to its peak and the remaining rally will be only after inviting the shortlisted bidders for the price bid. If markets correct IFCI can correct heavily. Follow my Zero stock concept and stay put in your free shares only.

Reliance capital was around 1000 in correction time and now close to doubling. Fantastic returns in this. Almost all Reliance stocks have run up considerably and this warrants lot of caution. There are many other stocks which appreciated in this run which warrants caution. When changu mangu stocks run up, it is time for one to take back seat and wait for correction.

Market Comments - Bulls in Control

Bulls are in control for the present but how long they sustain. We had 10 sessions where bulls had a fast and fury run. It is time for some correction but as I said market corrects in its own style and not when we expect it to correct. That is the beauty of market.

Today is Market holiday on account of Gandhi Jayanti. Markets otherwise would have risen smartly on global cues. I hope all of you are enjoying your holiday.

I am updating my blog stock markets info which is for beginners and those who want to know the art of investments. please visit the blog for information and also you can inform your freinds or relatives who want to make some money in stock markets.

http://indianstockmarketsinfo.blogspot.com
http://indianstockmarketsquery.blogspot.com
http://calculatemyemi.blogspot.com

Monday Morning Market Musing - Looking for Direction?

Markets have been moving up due to strong inflows and they have moved up pretty fast in the last two weeks. Ideally the situation is all set for correction and majority of the analysts opine that correction is a must now. However remember that market corrects in its own style and correction does not come always when we want.

There is another view that heavy inflows are expected and so market will move up to 18000 pretty quickly on account of the inflows. I will however stick to the first theory that markets will correct soon as correction is a must if the Bull run is to sustain. In case markets move up sharply till 18K or close to it, we will see a very sharp correction or meltdown.

Remember to pick up growth stocks when correction occurs and the best stocks are there in my stock picks.

http://indianstockmarketscomment.blogspot.com/2007/09/comments-on-current-stock-picks.html

Powergrid IPO is likely to be listed this Friday and I expect it to start around 80 Rs. I will once again review my picks and post it afresh as we are in a new month now. I also thank all those who have posted their comments and encouraging me to work more hard for benefit of all.

Watch out for MAYTAS infra IPO review and Analysis. I will post it soon.

My other blogs :
http://indianstockmarketsquery.blogspot.com
http://indianstockmarketsinfo.blogspot.com
http://calculatemyemi.blogspot.com