The markets have corrected as expected and more is to be seen ... The sensex has knocked down 500 points from the highs.,..Still the risk is high in going long....
We would advise wait and sit with your money ...All the shorts also dont look gr8 coz all have almost achieved our final targets ...The system at home is not done with so no FNO calls will not be updated this week...
All the heavies have tanked except It stocks ...Satyam looks weak below 456-458 .., Wipro below 625... Grasim below 2750 ...
As we have said before and repeat we dont like bottom fishing or buying things cheap ...We buy things which are worth for gains...
We would buy it only when we feel a reversal is confirmed ... Till then wait and watch ...Fundas were same on friday and remained the same on monday ...But everyone buys for price and for gains so keep it simple buy only when u feel its gonna run and not bcoz its cheap it can get cheaper ....
Sector Tower talk :
Realty Stocks ::: Realty is not real now ......
Parsvanath and Sobha told everyone avoid ... given a whole article on it ...
real estate sector may see a little pull down coz of interest rates and otherwise what people used to buy real estate stocks was for their land banks and new land ...But no more land of mills will be available to them ... Coz if i am the mill owner why the hell wont i myself develop it ??? Am i dumb to give my golden egg giving hen to someone else... In the end of the day they will just remain developers and not owners !!!! Speculative thought....
Sugar sector ...No More Sweet
Bajaj Hindusthan now at 135 and balrampur chini at 58 low still i dont like it !!!!! told everyone at higher levels ...Long term charts actually open up to 90 levels for bajaj hindusthan if remains below 130 ......
Acquisitions are always bearish !!!!!!
Said this for TISCO same applied to hindalco !!!! i see much more lower levels around 400 is possible ...we had given to buy at 454 for tgt 475 which is done so no longs...All long term investors why hurry ...wait .....I like it at 380 ...
Even Tea stocks dont look gr8 ...IT and Telecom can be accumulated in fall ...Oil drilling is our favourite and cements at lower levels or at reversals ...may seem attractive ...
We will come out with stocks when we feel its good...
Regards,
Nooresh
9819225396
( call me btwn 4-9 .... except 6.45 -7.20 for queries n services...)
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