Thursday, May 31, 2007

So long …so good

The Nifty could stage new highs time and again but the Sensex could not able to do so because of the tech weight age, especially due to Infosys.
The Nifty is good so long as it trades above the immediate support at 4241 but the fall can be seen only when Sensex makes the history.

The Nifty May series has done good job with out major damage to the investors. As the new series begin tomorrow, lots of activities in terms of IPOs & NFOs fund rising and new associations at in the skies. The Govt. will focus on agriculture and retaining power tactics will impress the voters. So try to focus those industries that have direct relation with the common man. After a reasonable correction pick up in fertilizers, tractors and FMCGs but not banks. The true colors of the rising interests can be seen in stains in their balance sheets of June and the drain of profits in Sep-07. So try to protect from the hard ships but the FMCGs and hotels will do well.

I am thankful to those who share the usefulness & benefits of the blog and request the viewers to find time to post their comments.

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