Kal Aaj aur Kaal.... I have kept you guessing with almost last 25 days which must have even caused some panic hitting with wavered minded members. In fact, there were 2 reasons as most of the punters and even investors were not ready to hear me or my bullish views as they wanted to be with the wind. Two that some crooked members were always on the wrong side of the table being extremely frustrated by the huge losses. I was never bearish and held my views all along that Nifty will travel to 7K though timing was a matter of concern as usual simply because it is not in my hands. Wishfully I would have been operator I would not have allowed this to happen. Any case we have tried to keep our nerve cool and create some opportunities for die hard traders and kept generating out of the world calls which has helped many. I know I can’t satisfy 70 K same time in the given circumstances. Petronet LNG now finds news that ADB is selling its stake to LM. Power Grid came in Nifty. RIL found gas. R Power announced bonus. IDBI is the latest to announce probable candidate of rights issue la SBI. This clearly suggests there could be even some package in Budget for IDBI which could create spark and greater valuation. Thus the process of stock selection is proved beyond doubt though the carnage was never in our hands. Those who were raising voices are also forgetting that CNI is the only agency which was giving warning after warning not to go overboard in futures and therefore they have caused damage to their financial health only they are responsible. Even in cash stocks lot of value surfacing has happened. CNI management succeeded in its endeavor to kill the bad time of consolidation and volatility to best of its ability and tried to keep faithful members interest alive. We clearly believe that the economic survey will spur the demand fro papers in a big way and then finally the Budget. Chinese railways are talking of an IPO of 420 bn USD whereas India Rail Budget is still talking of Rs 25000 crs surplus budget. Make comparison of an elephant and ant and you will find that India is not even 3% of China then how can you thinking that the Bull run is over….? This correction is like all previous corrections and Nifty is going to stop even at 7K its next destination is 10 K which you all will accept when it really crosses 7K. We will be matching China in next 5 years viz a viz consumption of commodities and therefore I have every reason to believe that we will start getting above 100 bn USD right from this years as announced by F M and hence market has to test new levels. The liquidity which was the key issue of market at 21000 and it will again remain the key issue when market crosses 21000 therefore we should not really bother whether this carnage has wiped out retail investors. This is going to happen every time even in future and no sympathy is required to those who are buying hugely priced stocks on here and say and then crying out in public. They should really back only research stories that at entry point which is the forte of Cni. In this market also there are 100 odd items which can help you to earn at least 100% in less than 6 months which should be a great return by any standard of imagination. Just crying and criticizing others will not help you in any manner. You have to follow the KARMA theory of Mahabharata. We believed all along and we are always on strong footing whether market corrects or otherwise. Nothing is there to come, and nothing past, but an eternal now does always last. |
Wednesday, February 27, 2008
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