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12500- A Very Strong Bottom
Since last two weeks I am advising
my readers that market is very volatile and it is better to
sit quite. Market is showing up and down and it is difficult
to judge market’s mood between bed news. Last week after
Lehman, Merrill lynch & AIG’s news all International
market followed USA and showed new bottom. In first three
days bears upper hand in market and on Thursday market shown
strong recovery and on Friday all International markets shown
strong up ward trend.
This is not the time for any big trade
because in a single day it can hit you so hard that you can
never recover. Today if market goes down by 500 point and
you do the selling, on the very next day it can open up by
500 points. This is the period where no body can predict and
one bad move can put you in serious trouble. It is better
to do nothing until market become stable. Remember if you
have cash you can earn in good time.
Indian market is once again slide near
12500. There is a rumor in market that SENSEX can go down
up to 8000 and nifty can go down up to 2800 by March-09 and
investors are selling good stock at any price. This is all
baseless at current level. When all people says about lower
SENSEX that time real investors can buy A group share in installment
at every decline and when all people says about TEJI that
time real investors can sell all shares from their portfolio
and those investors who follow this rules are earn hand some
profit at every time.
Crude Oil
Last week I had written that crude
will come between 87-92$ and then it can re bounce, likewise
after kissing 90$ crude is now traded @ 100$. It can go up
to maximum of 105-108$ and once again there can be a downtrend.
It means that in coming days crude oil will not be trouble
for world market….
BSE SENSEX
Last close: 14042
Last week was very horrible week for
world market, SENSEX open @ 13666, slide up to 12558, zoomed
up to 14097 & closed @ 14042, SENSEX closed up 42 point
on weekly basis. SENSEX left GAP between 13346.79-13674.96.
Expect it will fill in coming days. For next week upper side
14213-14416 are nearest resistance level, cross over will
take it to 14557 & there after expect rally up to 15003
level, down side 13721-13674 are strong support level, break
will take it to 13346 & there after expect level of 13000…
NIFTY FUTURE
Nifty future left GAP between 4073-4142.40,
for next week 4345 is strong resistance level, cross over
will take it to 4393 & there after expect 4500-4568 level.
Down side 4167 is strong support level, break will take it
to 4073 level and there after expect panic selling up to 3930-3808
level…
Jhunjhunwala Vanaspati
BSE code: 519248
Last close: 129.60
Company has equity of just Rs.7.50crore
and in June Quarter Company declared net profit of Rs.10.21crore.
Net sales jumped 58.88% to Rs.377.58crore and net profit jumped
102.18%. June quarter’s EPS is Rs.13.61, current level
stock is available at PE ratio of just 3, and it is cheapest
stock from this sector. Investor can buy at every decline
keeping stop loss of Rs.108, on upper side above Rs.138 expect
non stop rally up to Rs.153-165 levels in coming days…It’s
52 week’s high price is Rs.233…
VISAKA IND
BSE code: 509055/NSE
Last close: 61
Few days ago I recommended this stock
around Rs.55 there after stock zoomed up to Rs.85 level and
now available at Rs.60 level, cement price is going down and
happy days are come again for cement sheet product manufacturer.
This 30% dividend paying company has given mind blowing result
in June quarter, company’s net sales jumped 33.70% and
net profit jumped 140.79% to Rs.14.64crore, at current level
stock is available at PE ratio of just 6, investor can buy
this stock keeping stop loss of Rs.55, on upper side stock
will zoom to kiss Rs.68-73 levels in coming days… It’s
52 week’s high rate is Rs.119…
ANIL PRODUCT
BSE code: 532910
Last close: 176
Company’ Board will meet on 22nd
September for restructuring plan including merger and de-merger
plan. Expect one bounce back from this lower level in coming
days. Buy keeping stop loss of Rs.165, on upper side stock
will zoom to kiss 187 level, cross over will take it to Rs.201
level in coming days… It’s 52 week’s high rate
is Rs.570…
REAL STRIPS
BSE code: 513558
Last close: 73
Stock is available at dirt cheep rate
at this level, short to medium term investors can buy keeping
stop loss of Rs.65, on upper side stock will zoom to kiss
Rs.93-104 levels short span of time… It’s 52 week’s
high rate is Rs.129…
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