Nifty has failed to move past 5500 so far and it shows a double top
formation at 5492. As long as 5350 support is held short-term traders should
not worry while real caution needed for investors when Nifty breaks 5200.
But by that time a lot of stocks would have already fallen heavily so it is
better to take informed decision now only. As long as Nifty trades below
5600 the rising wedge impact can not be ruled out and for Sensex we have
18700 as target this year, until that is crossed one would rather maintain
strong cash position than buying aggressively. Indian market P/E still at a
high level (Nifty 23, Dow 14, Nikkei 11) so we have something to worry.
FABULOUS-15 is up 5.94% and SUZLON is showing some base-building formation
where crossover above Rs. 63 very good strength is anticipated in the stock.
S.No Name Reco Price CMP Target % Returns Action 1 3IINFOTECH(2%) 87
64.25 118 -26.15 Hold 2 ADHUNIK MET(2%) 110 116.90 152 6.27 Hold 3 EKC(2%)
156 117.85 189 -24.46 Hold 4 EMCO(2%) 91 68.35 130 -24.89 Hold 5 FSL(2%) 30
25.95 38 -13.5 Hold 6 GLENMARK(2%) 278 266.80 350 -4.03 Hold 7 GSPL(2%) 98
110.80 125 13.06 Hold 8 GUJ NRE COKE (2%) 72 58.35 110 -18.96 Hold 9
JUBILANT(2%) 325 348.40 450 7.2 Hold 10 MRPL(2%) 78 81.05 100 3.91 Hold 11
NEYVELILIG(2%) 152 165.30 196 8.75 Hold 12 POWERGRID(2%) 109 101.90 141
-6.51 Hold 13 SUZLON(4%) 75 56.45 140 -24.73 Hold 14 GREAVES COT 286 352
(2010-05-16) 352 18 BP 15 ABG SHIP 210 270
(2010-05-16) 270 29 BP 16 SKUMAR 41 70
(2010-05-16) 70 20 BP 17 GIC HOUSING(2%) 92 122
(2010-07-14) 122 33 BP 18 IFCI(2%) 54 62
(2010-07-27) 75 15 BP *Total Investment 28% Total Returns (%)* *0.61*
• This is just a model portfolio.
• Be just 28% invested and don't do averaging for the sake of that.
• Do not average if 30% dip is not seen after your purchase, averaging
should be considered time-wise also.
• At least 2-3 months must pass before you buy again in a dip.
• As we hold a view that Sensex below 13000 in 2010 can be possible so avoid
aggressively and leveraged positions.
• This market is a bear market which can cut both ways, it is always
difficult to mint money in such market and it is better to be an investor
and accumulate.
• Being correct in market is difficult so we have invested 28% so that in
case of market rally we don't miss the opportunities.
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