i Develop Stocks Advisory

Promoters' Day Out.....

Market is giving volatile run which it would continue for next 3 weeks and hence we request all members not to dare out for trading. This is contrary to my calls in similar situations earlier. The reason that the vitamin M is absent from the market which will resurface after 2 to 3 weeks.

I am sure the money which is blocked for 3 weeks is sufficient to counter the bear attack. Bears which must have planned this attack in their drawing room is nothing less than a conspiracy at war room on INDIA CHINA border and a foreign hand can’t be ruled out in this entire massacre.

This was not blood bath but this was a powerful missile on the state like HIROSHIMA and NAGASAKI the only difference is that this happened in the financial world. Govt is doing their best. As the citizens of financial world if every citizen stands up this occasion and buy share of 2 to 5 lacs of his choice market will find stabilizing leave apart the MF money to flow back in next 3 weeks.

At 21 K I had suggested remove money from MF but now I am strong advocate of re investing in M F because the returns from these levels will be very smarter. All ideal money should travel to MF instead of run on the MF. Another important message for all the promoters are that they should step out in the middle and start using their VETO power to buy their own shares which have corrected by 50%. This is a MUST exercise because those who are supporting market today on Govt instructions may also come for profit booking whereas promoter’s shares will never come and liquidity will be sucked to that extent from the market. e g If Pashwanath was thinking to place their shares at 650 to QIP it makes sense for them to allow their stock stabilise at 400 very fast which can happen if they come out and buy at least 4 to 5%. Even 1% buying in this market will work as much required tonic and give effect of buying 5%.

No overnight change has taken place in INDIA fundamentals. However technically we are at 9000 Sensex which pitch it for a smart on road rally. The question remains who will bail the cat first…..? Almost all funds head’s have lost very heavily due to F R which has dented the system to some extent. To best of my knowledge market will test 5800 as soon as the RELP refunds are granted.

To that extent I think. ADAG gr has to shoulder the responsibility with Govt intervention if required and see that allotments are processed as early as possible and refunds are granted online which can help restore the normalcy back in the system.

End of the day I would ask all small investors to stay invested fearlessly as we reiterate our target of 30 K in 2008 and 38 K in 2009 which will see the stocks talking once again with smiles on your face. For traders, avoid trading for 3 weeks. For position traders, have control and select one stock at a time; earn and then leverage on other stocks. For die hard speculators who bet their houses on F & O it is time to understand the real meaning of F & O and our slogan nobody on the earth can make money in F & O. Earn 100 times lose one time all equal….

Yet we are destined to do our job to the best of our ability though there might be critics as usual. We can sail through only those who can still trust us and ready to follow the broader guidelines.

Three things work in LIFE…. WORK WILL and SUCCESS. Will makes human existence to open the doors to success. Work passes these doors brilliantly and happily. At the end of the tunnel success comes to crown one’s efforts.