PLS READ MY POSTING ON 8-9-13....TITLED---CAN NIFTY CROSS...5930 LEVEL...????...FOR.....FULL TEXT....
.....Now the Nifty has not lost the BEAR hug but the immediate threat to breach 5300 and 5100 to touch 4800 is a distance dream. Either, the BULLS could see some light at the tunnel to cross the series of hurdles placed at 5775…5840---5930.
The momentum indicators also generated hope to touch 6200 level but the fundamentals fail to support such dreams. The new range set in due to change in guard at the RBI is 5900-5400.
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The ICICI rise is very interesting and the stock could clear many hurdles in two days of rise from 760-960, it had a serious cut in the price from 1050 level to 950 level in July15-20. Now it could bounce to a better place in two days. The worst is not over to AXIS but the 40 lakh OI short covering helped the stock to gain from a low of 760 to 960. The HDFC bank worst is not over despite of the rise from 528 to 623 level.
The best Buying opportunity will emerge in metal stocks. The mining stock like SESAGOA will open good buying opportunity at 160 level and Tatasteel at 255-250 level. Both the counters will out-perform the market in near term and will see 100% rise in next one year and half. The surprising short build up has opened in RIL and M&M. The ONGC could see some short covering. ....................
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NOW THE BEST TIME TO MAKE NEW PORTFOLIO.....
I SUGGESTED PEOPLE TO BUY SBI FOR 1780 AND REL INFRA FRO 400 AND ICICI FOR 1040....NOW TIME TO SELL ABOVE 6280... SELL.....FOR 5500-5550.
THE STORY OF INDIA's BANKING PROBLEMS ARE NOT OVER, THE SLOW DOWN IN GROWTH WAS NOT OVER, THE "CAD" ISSUE WAS NOT ADDRESSED, THERE ARE POLITICAL UNIVERSITIES CROPPING IN NEXT FEW MONTHS...
THIS SHARP RALLY IS TO OFFLOAD LOTS OF JUNK STOCKS, SECTOR ROTATION HAS HAPPENED. THE IT NAMES SPARKLED, WILL RISE FURTHER FOR OFF-LOADING IN NEXT ONE YEAR. THERE IS A SERIOUS SHIFT IN THE PORTFOLIO ALLOCATION....OBSERVE AND BE WITH THE WINNERS....
...............................
NOW THE BEST TIME TO MAKE NEW PORTFOLIO.....
I SUGGESTED PEOPLE TO BUY SBI FOR 1780 AND REL INFRA FRO 400 AND ICICI FOR 1040....NOW TIME TO SELL ABOVE 6280... SELL.....FOR 5500-5550.
THE STORY OF INDIA's BANKING PROBLEMS ARE NOT OVER, THE SLOW DOWN IN GROWTH WAS NOT OVER, THE "CAD" ISSUE WAS NOT ADDRESSED, THERE ARE POLITICAL UNIVERSITIES CROPPING IN NEXT FEW MONTHS...
THIS SHARP RALLY IS TO OFFLOAD LOTS OF JUNK STOCKS, SECTOR ROTATION HAS HAPPENED. THE IT NAMES SPARKLED, WILL RISE FURTHER FOR OFF-LOADING IN NEXT ONE YEAR. THERE IS A SERIOUS SHIFT IN THE PORTFOLIO ALLOCATION....OBSERVE AND BE WITH THE WINNERS....
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