30/Sept/08
Today the market has shown signs of recovery,but only after Finance Minister's comments.
After touching 3800 mark yesterday and even testing the nerve by dipping below 3800.
RBI had anticipated the situation and had asked the banks to keep sufficient reserves.
Analyzing the world scenario it would not out of place to say "Be Indian Buy Indian(Company-shares)". Further if the US bailout plan reshapes it would be more beneficial.
Hold your stocks tightly and wait for the right opportunity -DONT PANIC.
Today the market has shown signs of recovery,but only after Finance Minister's comments.
After touching 3800 mark yesterday and even testing the nerve by dipping below 3800.
RBI had anticipated the situation and had asked the banks to keep sufficient reserves.
Analyzing the world scenario it would not out of place to say "Be Indian Buy Indian(Company-shares)". Further if the US bailout plan reshapes it would be more beneficial.
Hold your stocks tightly and wait for the right opportunity -DONT PANIC.
27/Sept/08
India has achieved a milestone as the US-India Civilian Nuclear Cooperation Agreement by the House of Representatives on Saturday evening.
Now the final stage is eagerly awaited - the clearance by US - Senate. It will be a historic achievement.
On Monday i.e. 28th.Sept. market is expected to react positively. Especially the Power sector :Reliance Power, ABB, Tata Power, not only this the related electrical instrumentation companies like Larsen & Toubro stand to benefit. This can start the reversal trend for the market.
26/Sept/08
NSE is likely to find support at 3800 levels, and then there is possibility of reversal of trend. The market will rebound back as by then Nuclear deal picture may also become clear.
GAIL, ITC, and Indian pharmaceuticals viz Glaxo, Sun Pharma have started to show reversal. Gail in particular propelled by Bonus issue is likely to test 530 level.
25/Sept/08
Market sentiment is still very cautious in spite of Bush's bail out plan of $700 million. It will act as steroid and may improve the situation temporarily.
The crash of USA market will not change India & China being hot spots for investing. The Indian perspective will be counter balanced with increase in purchasing power of middle-class. Further, the growth story in infrastructure and specially power are going to catch up.
Its time to do the bottom fishing and wait patiently. Invest in companies who's main audience is Indian consumer or India, better would be choose giant Indian company's shares on major declines - GAIL, SAIL, NTPC, ONGC, ACC, Reliance, Tata-Communications.....
18/Sept/08
Don't start panic selling, rather its accumulation time if NSE nears 3800.
Buy 30% with your available funds and sit tight.
19/Sept/08
This is breather and a short term support which the market is going through. Lot of funds are being pumped into the markets by banks, a short term tactics.
Its time to be CAUTIOUS.
Wait and watch. The market will remain range bound between 4000 and 4600. It will show real upward trend only once it crosses 4630 and CLOSES above 4650.
BUY SUGGESTIONS:
COMPANY BEST BUY TARGET (Short term)
COMPANY BEST BUY TARGET (Short term)
- ABB 770.25 934.50
- ACC 471.00 710.00
- GAIL 324.30 530.00
- TATACOM 352.00 512.70
- ONGC 879.00 1130.00
