i Develop Stocks Advisory

Be fighting champions... Jina Yahah Marna Yahah Isske siva jana kahah ….if this slogan could have been digested by investors probably they could have been better off. From 14700 to 16700 market recovered and the very old stories are back in fashion. Bears kept on shorting and stocks kept on rising. In that sense bears had the first bad month i e April. They have been caught on wrong foot. Now it is just matter of time when we can see Nifty 5300. MTNL and Power grid in full control of bulls whereas Peninsula was the star performer after DLF rose handsomely. Yes, Mr Singh will be a worried man when he saw his market cap becoming 50% from the peak and will come with magic wonders sooner than later as no promoters can see their own stock getting hammered. JP Hydro, J P Associates, RNRL and Petronet LNG were all I Develop calls which have outperformed. We have given more than what you all have expected from us and yet we are not trying to take any credit on this account because we know you all have suffered a lot. Our objective is to prove and create base trusted and loyal members base whom we can provide services for a longer period of time. We really do not want any fly by night kind of traders who try to shift their failures to us. Yesterday I had received a report from a leading broking house for Sensex target of 19 to 21 K. I was laughing because I could not have cried now. It the same broking house advocating 12K target when market was falling and had to face severe margin problems and bad debts. It is so strange to see bears turning bulls. Who has lost in the process…? None other than investors who listen to them…? We had been only on one side of market and it is Bull Run. Corrections may last for 3 months, 6 months, 12 months or even 18 months yet it is not called a bear run. On the one hand our Hon”ble FM still maintains that GDP may cross 9% against all odds which means the man at the helm of affairs knows something which we do not know and we have to wait. We are in perennial Bull Run of commodities and hence equities too. These kinds of corrections are not new for I Develop and we have always shouldered the responsibility to take you out from such crisis. Those are with me are smiling and those taken their own call are now cursing their luck as usual. Our call in IFCI is still wire at Rs 82 ( post crash) though it touched as low of Rs 32 in the crash. We are very sure that in next 2 to 3 weeks IFCI will cross our call intonation price once again. Something is set to be announced in next 7 days which bring back IFCI valuation to Rs 107 the basic core price where LIC had decided to convert its debt into equity. It was real common sense for those who have sold IFCI at 32 that they had committed a grave mistake. Even at that time I had written about the fact that LIC the premier institute having converted debt at Rs 107 is also capable to over the management control of the IFCI. This is the reason IFCI rose by 20% today with huge volumes and in post closing session on NSE also the buyers were more than 2 mn shares. IFCI is set to roar till Rs 107 at least in coming months for sure Rs 82 comes ahead of Rs 107. Now is that why did we imitated buy call in IDBI. IDBI was ignored for a very long time and still the rumors are there that one big block is for sell in IDBI at 116. Since the IFCI deal could take center stage in 3 digits, IDBI too will start firing. Reportedly our sources says that the big block could be grabbed in IDBI at 116 in just next 2/3 days which will provide another good platform for IDBI to take the heat on. For bulls there is no trouble this time in rolling over the positions whereas bears are paying huge mark to mark in carry over positions. There is also possibility that Nifty might rise by another 150 points in next 2 days only bear short covering. May is the month where the real drama is required to be seen. Whether Nifty crosses 5312…? Once that happens then at least dozen more broking houses will start giving buy call in market with Sensex target of 21 K. The last thing on the earth the man who sees tomorrow is now in bear mode will turn bull only after this level is crossed as he openly maintains in the public forum than market will not test new high in this calendar. You become a champion by fighting one more round. When things are tough, you fight one more round.