i Develop Stocks Advisory

Belief is must... Market has shown enough weakness as the rollover was not happening. It seems arbitrage players are not much interested in giving carrying cost. Yet they have to choice than to rollover in next 2 days come what it may. If they are rolling over in Aug, probably they may not get chance to ride in Sept. Irrespective of all weakness seen I am very firm with my targets. I have no doubt in my mind about OIL and gold behaviour. I have also no doubt in my anticipation of rise in US dollar. Therefore the equity market has to go up. Market is undoubtedly showing great picture of controlled moves and therefore it is solely dependent on few players. This time around they have preferred to hammer stock future which has now become weakness of every player as they have formed major habit of playing in Nifty. This exercise is seems to enter stocks now at lower levels. We had broken EIH and GHCL stories much ahead of market and both these stocks have worked. Now we are breaking another first story though we have no coverage to the said stock. FSL which has recently been shifted to A gr is set to announce buyback at or around Rs 60 which is still upside of 50% from here. This could be 100% buyback where ICICI and Temasek could surrender their holding in the buyback. The main reason for 100% buyback could be to sell the entire co as going concern in due course of time. We broke the story and historical volumes began in this counter. This stock has beaten all previous record by rising 25% in a day and especially when the F & O open interest was just 14000 shares till yesterday. Idevelop’s ability to spot such opportunities is not at stake as it is part of our journalism. Had Reliance shown its power today Sensex could have been 250 plus. Well, it could be for tomorrow. Reliance Capital has crossed its barrier level of Rs 1300 in closing session and set to explode tomorrow. Next great call from Idevelop fold could be I G Petro. The investor in this stock has already promised to convert warrants at Rs 200 per share. Even the first trounce was at Rs 77 and hence at cmp of Rs 45 to 46 this stock gives a good opportunity to investors to cash on its value. We understand from our sources that there could be huge buying in this co very shortly. The only resistance id Rs 58 its 200 DMA. Fundamental investors enter now and sell at 60 plus some part whereas technical experts must wait till the time this counter crosses Rs 58. Coming back to market, wait till Nifty crossing 4400 thereafter you do not have to do anything. Bears will the JOB for us. We always believe in…… Be swift to hear, slow to speak, slow to wrath.