In my earlier post on 20-07-07 suggested the sectors and the stocks to buy with a title “The up-move unlimited!…The markets world over inching up day after day despite of some concerns and negative views and cautious suggestions from the brokerage houses.
The Nifty has crossed the 4480-4520 range as posted earlier, now the suggestion is stay invested with the remaining balance in the del. of Idea, Bharti, Zeel, Ster, IDBI and IDFC. In case of compulsive nature to take del. try in Ranbaxy, L&T and Dabur. The FMCG move could in the offing as the retailers increasing their space rapidly. It is very likely that DLF and UNITECH will be included in the NIFTY by next quarter. So accumulate in small lots and gain from the move. The early initiatives from the KPO and CRAMS likely to benefit India and the nuclear deal can make a lot of change in the valuations of the equipment manufactures like BHEL, ABB, Punj Lloyd. The NTPC, REL and Tata power will benefit, as they are leaders in power generation. The above companies can be accumulated, and the fall becomes a big opportunity.
The Nifty has resistance at 4583-89 range, in case it trades below 4555-4551, bears will have the advantage. The RIL may get selling pressure if it fails to trade above 1901-03 in the first half an hour and the low is below 1885. The run-up in banks likely to continue incase SBI trades above 1589-91 and ICICI above 993. Those who are holding the Idea del from 118 can book profits at 135 as suggested. The Bharti del holders can wait until it stays above 873-71. Incase persons long in Nifty can prune their positions by 50%.
So start buying with a perspective of 6 months in mind and reap the full benifts of investments.
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