Saturday, October 13, 2007
Sensex @19000
Sensex continues to roar to higher levels...Half the analysts and so called dumbheads were shouting short , short , exit etc .... All the bears have been killed mercilessly ... Thats why i have made it point never to give sell calls .... We did advise staying partly on cash till u dont know what u are doing... For an informed investor it never makes logic to be on cash ...Everybody is talking abt kya lagta hai market 14 ka 19k ho gaya ghirna chahiye , its a bubble , teji hi teji etc etc etc .... Well just go and see whether ur portfolio has aprreciated the same way or how much has it overperformed or underperformed then u will know what matters most talking , arguing , debating about markets , economies , margins and whole lot of jargon or getting into action and doing good investments which will give u super returns in spite of market conditions .... Thats what market is about creating wealth and knowledge is a by product :) Technical View :Sensex continues to be in a momentum zone we could see some exhaustion as we reach 18900-19200 where we could see some good breather and look to get very cautious and extremely stock specific.......Keep trailing stops and churn frm over run stocks to fresh breakouts thats the best way to make money in momentum ....CONSTRUCTION STOCKS SEE HUGE BUYING AS EXPECTED !!! Thats the power of pure technical analysis and market reading .... IVRCL frm 454 does 520 ... Nagarjuna frm 275-278 does 305 , Parsvanath frm 375 does 400 , Patel frm 490 does 590 , HCC frm 164 to 175 , Akruti Nirman 950 frm 790 ...................many other const bets rocked ...RPL does 178 frm 165-167 ..Core projects does 219 ...Nagarjuna bounces frm 51 to 61 :) Sensex continues to roar to higher levels...Half the analysts and so called dumbheads were shouting short , short , exit etc .... All the bears have been killed mercilessly ... Thats why i have made it point never to give sell calls .... We did advise staying partly on cash till u dont know what u are doing... For an informed investor it never makes logic to be on cash ...Everybody is talking abt kya lagta hai market 14 ka 19k ho gaya ghirna chahiye , its a bubble , teji hi teji etc etc etc .... Well just go and see whether ur portfolio has aprreciated the same way or how much has it overperformed or underperformed then u will know what matters most talking , arguing , debating about markets , economies , margins and whole lot of jargon or getting into action and doing good investments which will give u super returns in spite of market conditions .... Thats what market is about creating wealth and knowledge is a by product :) Technical View :Sensex continues to be in a momentum zone we could see some exhaustion as we reach 18900-19200 where we could see some good breather and look to get very cautious and extremely stock specific.......Keep trailing stops and churn frm over run stocks to fresh breakouts thats the best way to make money in momentum ....CONSTRUCTION STOCKS SEE HUGE BUYING AS EXPECTED !!! Thats the power of pure technical analysis and market reading .... IVRCL frm 454 does 520 ... Nagarjuna frm 275-278 does 305 , Parsvanath frm 375 does 400 , Patel frm 490 does 590 , HCC frm 164 to 175 , Akruti Nirman 950 frm 790 ...................many other const bets rocked ...RPL does 178 frm 165-167 ..Core projects does 219 ...Nagarjuna bounces frm 51 to 61 :)
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