Thursday, October 11, 2007

No “net” and out of publishing……

………….(read 15th July posting)……..As Nifty reflects 50 companies, all companies won’t rise equally, on the first phase 3% rise works out to be 1290+ and Nifty could touch 5950-6020 ranges

……read the previous post..."The current P/E of Nifty as on date is at 23.4 and the Nifty at 5211. Now the best P/E can be at 25-26. So mathematically the Nifty could touch 25.5*5211/23.4 works out to be 5679. The FII fund flow and the euphoria of chasing stocks can last for few days, later the basics will come on to the discussion table".

In my earlier posting suggested the readers to hold RCOM to sell at 725+ and Bharti above 1050+…as the levels reached, pls. Book profits in case any body holding till date.

The endless story of bull market in India is intact and one can see very good prices to their holdings in future. The corrections are to invite fresh momentum to the the market but the caution is some sectors are over valued at this point in time, ultimately that counts- No body likes to travel in a sinking boat.

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