Saturday, July 28, 2007

The Deep Pockets benefit the most…..?

The fall is so steep that the immediate support levels of all the stocks were broken except Infy. good above 1970 and to some extent TCS stayed above 1153. The IDFC and Idea stayed above the support level of 126 and 118-119 level. The stocks like ITC, Ranbaxy and Moser Baer improved their bottom support.
The Nifty August series has to trade above 4525 level immediately to confirm the bull move with in 3-4 trading sessions, other wise the damage can even wipeout the image of India’s growth story. Now the question at this hour is “who will save from this crisis?”. The domestic mutual funds have more liquids funds at their disposal and the Govt. institutions are capable enough to absorb the flow but they need assurance from the retail investors without pressing the re-dumption button.
The steep fall in the indices and tumbling of the prices help the deep pocked institutions and the HNIs whose staying power is beyond weeks and months. These are the times they enjoy the fall, use most of their money to buy the blue chips and investing in the multi-baggers. The retail investors sell in panic at most of the times because they take the leverages in anticipation of early and easy bucks. So be cool and rise money to make money. The long-term investors can accumulate the growth stocks when the Nifty touches 4270+ levels.

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