The skeptical persons said that the markets are not in a position to accept the two big issues (DLF & ICICI) at this point in time in June-07. But beyond anybody’s expectation the issues were flooded with money offerings from India and abroad is a clear sign of bullish under tone in the India’s growth story and the down turns are all consolidation attempts to make a big move in future. But the traders and Investors as cautioned earlier also should not sell growth of the enterprise but the price at a given price. It is as simple as that the scrip should be sold and re-enter at a lower price with out leaving it once for all.
The Nifty may not create a new high in this June series as the RIL issue will drag it further and the techs are any way favouring the bears. As posted earlier, the Nifty is strong so long it trades above 4079-81 levels. So the strategy is to go long with the stocks in upward momentum. As the prices are almost at their peaks need some time to consolidate and positive triggers to make a big up ward move.
Sunday, June 24, 2007
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